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XE Market Analysis: Asia - Jul 31, 2018

By: XE Market Analysis

The Dollar index recovered from 94.17 lows, topping later at 94.56 following decent income, spending, and Chicago PMI outcome. In addition, reports that the U.S. and China are pushing ahead with background trade talks, helped sentiment. Wall Street rallied as well. Read more

XE Market Analysis: Month-end Flows Keeps Currency Market Busy

By: xemarketanalysis

OVERVIEW The Dollar index is slower for the third session after PCE missed estimates. Strong Canadian GDP surprises markets. WTI down 50 cents as geopolitical tensions ease. HIGHLIGHT The USD/INR is in consolidation mode ahead of central banks’ monetary policy announcements. Read more

XE Market Analysis: North America - Jul 31, 2018

By: XE Market Analysis

The Dollar has traded mixed, rising against the Yen, which has underperformed in the wake of the BoJ's policy announcement, while losing ground to the Euro and some other currencies, and trading flat against others. USD-JPY rallied to a fresh high at 111.59, marking the highest level seen in eight sessions, after the pledged to keep interest rates low while trimming inflation forecasts, despite concurrently announcing a more flexible approach to the implementation of its monetary stimulus program. Read more

XE Market Analysis: Europe - Jul 31, 2018

By: XE Market Analysis

The Yen looks to be coming back under pressure as the early European interbank crowd start to make their presence felt. USD-JPY has lifted back above 111.30, returning focus back on the post-BoJ announcement high that was pegged at 111.43 (which is a one-week peak). Read more

XE Market Analysis: Asia - Jul 30, 2018

By: XE Market Analysis

The Dollar index faded lower through the N.Y. session on Monday, bottoming at 94.26 after opening near 94.55. Firmer pending homes sales and a lower but better than expected Dallas Fed index had negligible impact on the FX market. Yields were steady, while stocks were lower, with tech again under performing. Read more

XE Market Analysis: Slow Start to the Week in FX

By: xemarketanalysis

OVERVIEW US Dollar slips across the board at the start of a busy data week. Pound sturdy ahead of BoE rate decision on Thursday. HIGHLIGHT There is no highlight for today. Read more

XE Market Analysis: Europe - Jul 30, 2018

By: XE Market Analysis

The dollar majors have been holding in narrow ranges in early-week trading so far. EUR-USD has been making time in the mid 1.1600s, while USD-JPY has held in a narrow range near 111.0. The PBoC lifted the USD-CNY reference to a new high of 6.8131 from Friday's 6.7942. Read more

XE Market Analysis: North America - Jul 30, 2018

By: XE Market Analysis

The Dollar majors have been holding in narrow ranges in early-week trading so far. EUR-USD nudged higher, to a two-session peak of 1.1692 after breaching above Friday's high at 1.1664, extending the rebound from the 11-day seen then 1.1620. There didn't appear to have been an strong leads, with Eurozone confidence data and Spanish inflation figures coming at expectations. Read more

XE Market Analysis: Asia - Jul 27, 2018

By: XE Market Analysis

The dollar slipped after the U.S. Q2 GDP report, which was near expectations at 4.1%, though well below the whispers of 5% heard this week. From there, FX trade slowed to a crawl, leaving major Dollar pairings inside of narrow trading bands. EUR-USD peaked at 1.1662, up from 1.1625 pre-data. Read more

XE Market Analysis: US GDP Jumps, No Currency Moves, Uncle Sam Still Watching

By: xemarketanalysis

OVERVIEW US Advance Q2 GDP rose 4.1%. GBP riding headlong into Brexit chaos. Geopolitical tensions keep oil futures close to $70 a barrel. HIGHLIGHT The South African Rand has appreciated nearly 4% against the greenback so far this quarter. Read more

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