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XE Market Analysis: Europe - Jan 11, 2018

By: XE Market Analysis

The dollar is firmer after China rebutted yesterday's Bloomberg story alleging that it was pondering a reduction on U.S. Treasury purchases. USD-JPY broke a run of three consecutive declines, which printed a seven-week low at 111.27 yesterday, in recouping to the upper 111.0s. Read more

XE Market Analysis: Asia - Jan 10, 2018

By: XE Market Analysis

The dollar perked up some in N.Y. trade on Wednesday, after getting smacked lower in the London morning session, after it was speculated that China would pare its Treasury purchases. EUR-USD slipped from opening highs over 1.2005 to base at 1.1940. USD-JPY bottomed at 111.27 early on, then topped at 111.64 before turning sideways. Read more

XE Market Analysis: Choppy Day Across the Board in the Currency Market

By: xemarketanalysis

OVERVIEW The US Dollar is choppy after rumors about the Chinese central bank planning to slow/halt buying US Treasuries. Euro strong as Italian opposition says the country should stay in the Euro. Pound ignores strong industrial output, focusing on Brexit. Read more

XE Market Analysis: North America - Jan 10, 2018

By: XE Market Analysis

The dollar has kicked lower on reports about China, which is apparently considering downsizing its purchases of U.S. Treasury bonds. A Bloomberg report citing unnamed sources is the font of the story, and there hasn't as yet been any official confirmation or denial. Read more

XE Market Analysis: Europe - Jan 10, 2018

By: XE Market Analysis

The dollar has traded steady-to-firmer, overall. EUR-USD has remained heavy, meeting good selling interest above 1.1950, though so far remaining above yesterday's 12-day low at 1.1915. Cable and AUD-USD have been seeing similar price actions, aided by the spike in U.S. Read more

XE Market Analysis: Yen Rises as BoJ Scales Back Bond Buys

By: xemarketanalysis

OVERVIEW US Dollar recovers some ground, supported by higher US bond yields. German industrial production surges, trade data highlights rising global demand. Australian building approvals bounce back. Oil prices hold around 2.5-year highs. HIGHLIGHT The Japanese Yen is higher against a stronger US Dollar after the Bank of Japan reduced its purchases of long-dated government bonds, stoking speculation that the central bank could start to wind down its huge stimulus policy this year. Read more

XE Market Analysis: Asia - Jan 09, 2018

By: XE Market Analysis

After posting gains overnight, the dollar index steadied through the N.Y. session, topping at eight-session highs of 92.64. EUR-USD printed lows of 1.1915, though USD-JPY pulled back to 112.36 lows, on N. Korea concerns, though managed to recover to 112.66 as Wall Street again rallied, and Treasury yields rose. Read more

XE Market Analysis: North America - Jan 09, 2018

By: XE Market Analysis

The dollar and yen rallied against most other currencies, while USD-JPY itself posted moderate declines. The yen was lifted by the BoJ announcing a tapering in QE, which sent USD-JPY some 70 pips lower to a three-session low of 112.49. EUR-JPY and other yen crosses saw a similar price action. Read more

XE Market Analysis: Europe - Jan 09, 2018

By: XE Market Analysis

The yen spiked on the BoJ announcement of QE tapering, which sent USD-JPY some 70 pips lower to a 112.9 low. EUR-JPY and other yen crosses saw a similar price action. The BoJ announced that purchases of 10- to 25-year JGBs would be trimmed to Y190 bln from Y200 bln, with purchases of debt with maturities of over 25 years to Y80 bln from Y90 bln. Read more

Sterling Strengthens as PM May Reshuffles Her Cabinet

By: xemarketanalysis

OVERVIEW The Sterling shrugs off some reshuffling in the cabinet to strengthen on the day. The Euro remains under pressure as the latest economic data from Germany points to some rare weakness. The Canadian Dollar weakens as the Bank of Canada points to some moderation ahead in the economy. The US Dollar remains unchanged after Friday's jobs report, with another month wait for further insight. HIGHLIGHT Theresa May is reshuffling her cabinet with Brandon Lewis replacing Patrick Mcloughlin as Chairman of the Conservative Party. US DOLLAR The Dollar is steady after Friday's jobs report which gave us no further clues in terms of the interest rate outlook in the US, where no change is widely expected at the next meeting on the 31st of January. BRITISH POUND The Pound is marginally higher on the day as PM May reshuffles her cabinet. Read more

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