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XE Market Analysis: North America - Nov 10, 2017

By: XE Market Analysis

EUR-USD edged out a fresh one-week high of 1.1662 after picking up bids following a dip under 1.1630. The market remains in sell-on-gains mode with regard to the dollar, following news that the Senate is delaying the implementation of its planned corporate tax cut. Read more

XE Market Analysis: Europe - Nov 10, 2017

By: XE Market Analysis

The dollar has found its feet after yesterday's tumble on new of a U.S. tax cut delay and more limited scope of some planned cuts. EUR-USD has settled below the one-week high seen at 1.1655 and USD-JPY has recouped to around 113.40 after clocking a low at 113.09, which is the lowest level seen since October 31. Read more

XE Market Analysis: Asia - Nov 09, 2017

By: XE Market Analysis

The dollar was broadly lower in N.Y. on Thursday, hit by risk-off conditions which saw Wall Street tumble. Differing versions of the U.S. House and Senate tax reform bills, with the latter delaying corporate tax cuts until 2019, were behind the sell-off, leaving market expectations for a bill passage anytime soon heavily reduced. Read more

XE Market Analysis: US Dollar at a Disadvantage Due to Tax-cut Sentiment

By: xemarketanalysis

OVERVIEW US Dollar slumps ahead of Senate Republicans tax-cut bill release. Bitcoin hits an all-time high of $7888. Sterling has managed to avoid any losses due to the political turmoil unfolding. HIGHLIGHT The Euro has capitalized on a weaker Dollar and moved back above 1.1600. Read more

XE Market Analysis: North America - Nov 09, 2017

By: XE Market Analysis

EUR-USD has been choppy, dipping under 1.1600 before rebounding to the 1.1640 area in the late London AM session. The dip came after ECB's Coeure said earlier that there is nothing that would justify an end to ECB monetary stimulus, while the rebound reflected a broader drop in the dollar, which seemed to correlate a deepening risk-off theme in European stock markets. Read more

XE Market Analysis: Europe - Nov 09, 2017

By: XE Market Analysis

The dollar has traded moderately softer, led by a 50 pip tumble in USD-JPY after news that a U.S. three-carrier strike group was conducting exercises off the Korean peninsular seemed to rattle some nerves in markets, prompting buying of the safe haven Japanese currency while pushing stocks -- particularly markets in Japan and South Korea -- off highs. Read more

XE Market Analysis: Asia - Nov 08, 2017

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Wednesday, leaving the dollar just marginally firmer overall. There was no U.S. data to drive prices, and for the most part, traders were happy to remain in consolidation mode. EUR-USD topped at 1.1604, before slipping to 1.1580 lows, while USD-JPY rallied over 113.80 from 113.40 at the open. Read more

XE Market Analysis: North America - Nov 08, 2017

By: XE Market Analysis

The dollar has been trading narrow ranges so far today, holding steady after ebbing concomitantly with U.S. Treasury yields during the New York session yesterday. News that the U.S. corporate tax cut may be delayed one year before implementation had also weighed on the dollar a bit. Read more

XE Market Analysis: Europe - Nov 08, 2017

By: XE Market Analysis

The dollar has been trading narrow ranges so far today, holding steady in Asia after weakening concomitantly with U.S. Treasury yields during the New York session yesterday. News that the U.S. corporate tax cut may be delayed one year before implementation had also weighed on the dollar a bit. Read more

XE Market Analysis: Asia - Nov 07, 2017

By: XE Market Analysis

The dollar started the N.Y. session on a firmer footing on Tuesday, though faded as the day progressed. Stocks headed lower, which was not USD supportive, while yields edged lower as well. EUR-USD topped at 1.1590, while USD-JPY dipped to 113.83 lows. Read more

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