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XE Market Analysis: North America - Oct 05, 2018

By: XE Market Analysis

The dollar majors have been directionally limited as the upcoming U.S. employment report curbs activity and commitment. EUR-USD has been anchored around the 1.1500 mark, above yesterday's six-week low at 1.1463. Concerns about the budgetary prudence of Italy's coalition government have returned, and we continue to favour EUR-USD's downside, a view rooted to the strong fundamental credentials of the dollar, which we expect will be on full display at today's release of the U.S. Read more

XE Market Analysis: Europe - Oct 05, 2018

By: XE Market Analysis

The Dollar majors have been trading in narrow ranges as the approaching release of the September U.S. jobs report casts a subduing influencing on trading activity. Risk appetite improved, though remained fragile overall, as markets continue to digest the spike in U.S. Read more

XE Market Analysis: Asia - Oct 04, 2018

By: XE Market Analysis

The dollar index dipped to 95.56 lows in morning N.Y. trade on Thursday, though later recovered to 95.88 as yields remained firm. Incoming data saw slightly lower than expected jobless claims, and strong factory orders, though neither had much impact on the FX market. Read more

XE Market Analysis: USD nears 11 month highs against JPY and US Bond yields surge

By: xemarketanalysis

OVERVIEW The US Dollar strengthens against the Japanese Yen as US Treasury Yields reach seven year highs The Pound extends its rise against the Euro as an EU source is said to have welcomed a new Brexit proposal plan The Turkish Lira weakened by over 2% today against the US Dollar a day after inflation data was announced HIGHLIGHT The US Dollar to Japanese Yen hit an 11 month high on the back of Jerome Powell's comments and stronger economic data US DOLLAR The US Dollar is widely mixed today but stronger against safe haven currencies as US Treasury bond yields hit a seven year high. Read more

XE Market Analysis: North America - Oct 04, 2018

By: XE Market Analysis

The dollar has traded softer during the London AM session, correcting some of the gains seen over the last day following strong U.S. data and the associated spike in Treasury yields. EUR-USD has lifted back above 1.1500 after lifting out of the six-week low seen during the Asian session at 1.1463. Read more

XE Market Analysis: Europe - Oct 04, 2018

By: XE Market Analysis

The Dollar has traded firmer concomitantly with a rise in Treasury yields following strong U.S. data. The USD index (DXY) posted a fresh six-week high at 96.12 in what is now the fifth consecutive session of rises. EUR-USD concurrently logged a six-week low, at 1.1463. Read more

XE Market Analysis: Asia - Oct 03, 2018

By: XE Market Analysis

Solid ADP jobs and services ISM data supported the Dollar in N.Y. trade on Wednesday, taking the DXY to a better than one-month high of 95.78. EUR-USD fell to 1.1509 lows from 1.1554, while USD-JPY printed 11-month highs of 111.41 on improved risk taking levels. Read more

XE Market Analysis: USD gains on strong ADP jobs numbers, Italian worries continue

By: xemarketanalysis

OVERVIEW The US Dollar strengthens as jobs data shows their economy is in good shape. The Pound holds steady as PM Theresa May stays on script on Brexit. The Loonie sinks slightly, but retains the gains made now that the trilateral USMC Agreement is replacing NAFTA. HIGHLIGHT The US Dollar is strong against today relative to peer currencies after ADP jobs data exceeded expectations. Read more

XE Market Analysis: North America - Oct 03, 2018

By: XE Market Analysis

There have been mixed themes in trading so far today, with the Dollar and Yen trading generally softer, especially against an outperforming Euro, except in the case versus the Australian Dollar, which has underperformed following a 9.4% m/m in Australian building approvals (which confounded the median forecast for a 1.0% m/m rise). Read more

XE Market Analysis: Europe - Oct 03, 2018

By: XE Market Analysis

The Euro lifted across-the-board on a report in Italy's Corriere della Sera says that the government is now planning to cut the budget deficit to 2% of GDP in 2021, following deficits of 2.4% in 2019 and 2.2% in 2020, which sparked a bounce in the euro. Read more

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