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XE Market Analysis: North America - Jun 08, 2018

By: XE Market Analysis

The dollar has traded mixed, gaining on the euro and underperforming dollar bloc currencies, and to a less extent the pound, while losing ground to the outperforming yen. A risk-off vibe in global markets as markets fret that the weekend's G7 meeting, which will start later today in Canada, will magnify the prevailing discord over trade between the U.S. Read more

XE Market Analysis: Europe - Jun 08, 2018

By: XE Market Analysis

The dollar has been trading mixed amid a worsening risk-off tone in global markets, losing ground to the yen while gaining against the euro and dollar bloc currencies. Market participants are wary about the G7 meetings in Canada, which will start later today, and which seems to be mostly seen as a risk event give the escalating hostility over trade. Read more

XE Market Analysis: Asia - Jun 07, 2018

By: XE Market Analysis

The dollar chopped around inside of relatively narrow ranges in N.Y. on Thursday, seeing the DXY range between 93.47 and 93.25, before settling near 93.40, about where it opened. EUR-USD opened at its highs at 1.1849, before printing 1.1799 lows, and settling over 1.1810. Read more

XE Market Analysis: The Rand Hit By Weak Data

By: xemarketanalysis

OVERVIEW Trump's tough trade talk ahead of G7 keeps investors cautious as emerging market currencies are under pressure. EUR shrugs off weak German data as the focus remains on ECB and rate expectations. GBP weakens after the UK announces Irish border backstop plans. Turkish Lira jumps after central bank hike rates again. HIGHLIGHT The South African Rand is down almost 2% versus the Dollar today, sinking to a five-month low as sentiment toward the currency was soured by a combination of poor economic growth, with investors fleeing emerging market currencies due to concerns over US trade policy. US DOLLAR With no US data released, investors continued to focus on the headline risk emanating from the G7 leaders' summit tomorrow and Saturday. Read more

Gimme more credit: standards tighter for consumers

By: New_Deal_democrat

I wanted to write a little more about the Senior Loan Officers Survey that was released early last month. There are aspects of it that serve as long leading indicators, turning well before the economy as a whole does. As I pointed out last month, credit for large and medium size firms remains very loose (blue in the graph below). Read more

XE Market Analysis: North America - Jun 07, 2018

By: XE Market Analysis

The has dollar lost more ground to most currencies, though continued to hold steady against the yen while gaining a little ground on the Australian and Canadian dollars. EUR-USD has extended to a new three-week high of 1.1838, while EUR-JPY has forayed further into two-week terrain. Read more

XE Market Analysis: Europe - Jun 07, 2018

By: XE Market Analysis

The dollar has retained a mixed-to-softer bias, posting a fresh two-week low against the euro and remaining under pressure against sterling and the Swiss franc, though managing moderate gains versus the Australian dollar and holding steady versus the yen. Read more

XE Market Analysis: Asia - Jun 06, 2018

By: XE Market Analysis

A narrowed trade deficit and downward revised Q1 productivity report had little impact on the dollar in N.Y. trade on Wednesday, though after a brief mid-morning sip, the DXY rallied from 93.44 to 93.69 highs. Treasury yields provided some support to the dollar, as they were dragged higher by EGB rates, following hawkish ECB speak on the timing of ending QE. Read more

XE Market Analysis: Euro Rallies as ECB Officials Hint at Ending Their Bond-Buying Program

By: xemarketanalysis

OVERVIEW The US Dollar tests 110 in USD/JPY. The Euro bounces as ECB officials talk of ending their bond-buying program. The Australian economy goes from strength to strength posting 1% growth in Q1. HIGHLIGHT ECB officials said that they could end the bank's bond-buying program by the end of 2018, the first tightening signal in a long time. Read more

XE Market Analysis: North America - Jun 06, 2018

By: XE Market Analysis

The dollar has traded weaker against all but the yen out of the main currencies. The euro and Australian dollars have been the strongest, the former aided by relative hawkish ECB-speak and the latter boosted by above-forecast Australian GDP data, while the yen underperformed as safe haven premiums unwound some more amid gains in global stock markets. Read more

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