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XE Market Analysis: China Strikes Ups the Ante in Trade War with Tariff Retaliation

By: xemarketanalysis

OVERVIEW China retaliates against US import taxes and Trump tweets with $60 billion worth of tariffs on Chinese imports Dow sinks by over 500 points, other stock markets drop sharply GBP remains somewhat steady during ongoing Brexit talks. MPs remain hopeful of an inter-party solution HIGHLIGHT Following President Trump's tweets to Chinese President Xi Jinping, cautioning him and China not to retaliate with tariffs on American products, that's exactly what happened. Read more

XE Market Analysis: North America - May 13, 2019

By: XE Market Analysis

The Yen and Swiss Franc have gained while the Dollar bloc and many other currencies with higher beta performance characteristics, such as most developing-world currencies, have declined, albeit on relatively moderately so far. This has been concomitant with a declines in global equity markets following frosty rhetoric from both U.S. Read more

XE Market Analysis: Europe - May 13, 2019

By: XE Market Analysis

The Yen has remained buoyant while the Dollar bloc and other currencies with a higher beta characteristic have weakened amid a risk-off sentiment. Relations between the U.S. and China on trade remain fraught; the U.S. on Sunday demanded promises of concrete changes to Chinese law, while Beijing said it would not take “bitter fruit” that harmed its interests. Read more

XE Market Analysis: Asia - May 10, 2019

By: XE Market Analysis

The Dollar fell some after the cooler U.S. CPI outcome, taking the DXY to three-week lows of 97.14, from 97.39 into the open, though later recovering some as Wall Street pared early losses. EUR-USD printed highs of 1.1253 before pulling back to 1.1230, while USD-JPY touched 109.47, then rallied to 109.90. Read more

XE Market Analysis: US and China Set Table to Ping Pong Trade Tariffs

By: xemarketanalysis

OVERVIEW US dollar Index points lower after soft CPI data Canadian loonie strengthens over solid employment data. NYMEX WTI crude oil moves higher adding firmer support to commodity-linked currencies HIGHLIGHT The Canadian loonie strengthened to its highest level in a week after labour report surprised the market to the upside. Read more

XE Market Analysis: North America - May 10, 2019

By: XE Market Analysis

Currency markets have been trading calmly, with the Yen unwinding some of its safe have premium while currencies with higher higher beta characteristics, such as the Dollar bloc and most developing-world units, firmed up. This was seen concurrently with a rise in stock markets in Europe and Asia, led by a 3%-plus surge of the main Chinese indexes. Read more

XE Market Analysis: Europe - May 10, 2019

By: XE Market Analysis

The Dollar majors have remained within their respective Thursday ranges so far, and stock markets in China and most of Asian have risen despite the U.S. having implemented tariff hikes on $200 bln worth of Chinese imports, and threatening more. The reason is that President Trump said that a trade deal with China was still possible, saying that he expected a "very strong day" of negotiations on Friday, with Chinese Vice Premier Liu in Washington for a second day of negotiations. Read more

XE Market Analysis: Asia - May 09, 2019

By: XE Market Analysis

The Dollar index fell to seven-session lows of 97.24 in N.Y. on Thursday, coming from opening highs of 97.63. Incoming data was a bit softer than expected, with core PPI a bit cooler, jobless claims a bit higher, and the trade deficit a bit wider. Focus remained on the risk backdrop, where U.S./China trade spat remains unresolved. Read more

The Waiting Game: Market watches on US-Sino Trade Talks.

By: xemarketanalysis

OVERVIEW Investors are switching to safe haven currencies with new tariffs looming Read more

XE Market Analysis: North America - May 09, 2019

By: XE Market Analysis

A risk-off theme dominated after President Trump repeated yesterday evening at a rally that China "broke the deal" and would pay for it, which saw safe-haven demand drive the Yen to fresh highs against the Dollar and many other currencies. China's bellwether CSI 300 equity index finished 1.9% for the worse, extending the weekly decline to 8%. Read more

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