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XE Market Analysis: North America - Sep 05, 2018

By: XE Market Analysis

The Dollar has traded mixed in narrow ranges with market participants anticipating Friday's U.S. August jobs report, the resumption of Canada-U.S. trade talks and Trump's decision on whether to markedly ramp up the Sino-U.S. trade war with tariff hikes on a further $200 bln worth of Chinese imports. Read more

XE Market Analysis: Europe - Sep 05, 2018

By: XE Market Analysis

The Dollar majors are near net unchanged on the day so far, into the arrival of the London interbank market, while emerging market currencies have enjoyed some reprieve. EUR-USD has been holding near to 1.1600 after recouping from the two-week low that was seen yesterday at 1.1530, with reports of good selling interest above 1.1600 helping cap the pairing. Read more

XE Market Analysis: Asia - Sep 04, 2018

By: XE Market Analysis

The Dollar index rallied in early N.Y. trade on Tuesday, buoyed by a stronger manufacturing ISM outcome. The index later gave up its gains, falling back under opening levels near 93.50. EUR-USD bottomed at 1.1545 before rallying to 1.1585. USD-JPY was rangebound under 111.50. Read more

XE Market Analysis: US Dollar makes gains across the board as trade tensions heighten

By: xemarketanalysis

OVERVIEW US Dollar stronger across the board on trade concerns South African Rand tumbles lower as the country officially enters recession Canadian Dollar falls to a 6-week low HIGHLIGHT The US Dollar is mostly higher upon concerns of an escalation in trade conflicts with China. Read more

XE Market Analysis: Europe - Sep 04, 2018

By: XE Market Analysis

The Dollar has been on an upward roll with the pace of gains picking up a gear during London AM session. The USD index gained 0.4% to 11-day highs above 95.50, with EUR-USD concurrently tumbled to 11-day lows below 1.1560. Concerns about Brexit (the EU basically rejected the British government's trade proposal) are helped Cable decline, and concerns about the Canada-U.S. Read more

XE Market Analysis: Markets quiet during Labor Day

By: xemarketanalysis

OVERVIEW Markets thin due to Labor Day. UK August Manufacturing PMI hits lowest level in 25 months. UK PM's spokesman says most recent Brexit proposal is the 'only credible plan'. HIGHLIGHT The Argentinian Peso's woes continues, now 35% lower in the last 7 days against the USD. Read more

XE Market Analysis: North America - Sep 03, 2018

By: XE Market Analysis

Mostly narrow ranges have prevailed, which is likely to remain the case in the absence of North American markets. The main exception was Sterling, which dove over 0.5% on the double whammy of an unexpectedly weak August manufacturing PMI report out of the UK and after the EU's chief Brexit negotiator Barnier said that the British government's proposals for a new trade deal is a no-go. Read more

XE Market Analysis: Asia - Aug 31, 2018

By: XE Market Analysis

The Dollar rallied broadly in N.Y. on Friday, after it became clear that the U.S. and Canada would not be making a trade deal. Safe-haven flows buoyed the Greenback. The DXY rallied to near highs of the week, peaking at 95.22. EUR-USD fell to one week low of 1.1585, as USD-JPY rallied to 111.10, despite the risk-off backdrop. Read more

XE Market Analysis: Currencies Sailing between Scylla and Charybdis as August Ends

By: xemarketanalysis

OVERVIEW Trade tensions are turning sentiment in a defensive mode; World equity markets in the red. Markets remain optimistic but cautious on “enhanced” NAFTA 2. Read more

XE Market Analysis: North America - Aug 31, 2018

By: XE Market Analysis

Risk off conditions gripped markets after Trump threatened to take the U.S. out of the WTO while signalling that he's ready to take the Sino-U.S. trade war to the next level, which for the main currencies translated to Yen outperformance and Aussie Dollar-led Dollar bloc underperformance. Read more

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