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XE Market Analysis: Europe - Aug 29, 2013

By: XE Market Analysis

Sentiment in Asia improved after Wall Street closed in positive territory. There were no fresh developments on Syria, which enabled intra-day accounts to focus on pre-month-end window dressing. Key regional benchmarks rose and emerging Asia also experienced a better session. Read more

XE Market Analysis: Asia - Aug 28, 2013

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Wednesday, ultimately gaining on the euro CHF and yen, while losing ground to sterling and the dollar bloc. Cable initially fell, then rallied sharply after BoE Governor Carney's speech. It was basically a re-emphasis of the forward guidance announce made back on Aug-7, as there was a bit of disappointment that Carney did not push back aggressively against market rates. Read more

XE Market Analysis: North America - Aug 28, 2013

By: XE Market Analysis

European markets traded quietly as market participants eyed developments surrounding Syria. In Asia, price action was dominated by more emerging market pressure, which weighed on the commodity bloc currencies and boosted JPY. In Europe, profit taking activity went through. Read more

XE Market Analysis: Europe - Aug 28, 2013

By: XE Market Analysis

Risk aversion continued to drive interest in Asia as stocks suffered from rising risk of a military strike against Syria. The dollar was mixed though as the downturn in Treasury yields kept it on the defensive. However, it held firm against AUD and NZD as emerging Asia FX continued to experience heavy outflows. Read more

XE Market Analysis: Asia - Aug 27, 2013

By: XE Market Analysis

The dollar was broadly lower in N.Y. trade on Tuesday, as recently weak U.S. data tamped down Fed taper expectations. In addition, concern over Syria saw U.S. Treasury yields decline, weighing on the dollar. Tuesday's data slate was light, and revealed firmer house prices, and slightly improved consumer confidence readings. Read more

XE Market Analysis: Europe - Aug 27, 2013

By: XE Market Analysis

The USD, JPY and CHF were supported overnight as the situation in Syria weighed on risk appetite. The potential for outside intervention rose after U.S. Secretary of State Kerry said on Monday that the U.S. and its allies believe that chemical weapons were used in an attack last week. Read more

XE Market Analysis: Asia - Aug 26, 2013

By: XE Market Analysis

Aside from a blip lower following very weak durables data, the dollar was fairly steady through the N.Y. session on Monday. With London closed, liquidity and overall interest was light, with most major dollar pairings moving inside less than 50 point trading bands. Read more

XE Market Analysis: North America - Aug 26, 2013

By: XE Market Analysis

With London closed both conditions and trade have been light today. EUR-USD and EUR-JPY ebbed amid general, though mild, euro weakness after ECB's Weidmann warned that the debt crisis is not over yet. Other pairings, including USD-JPY and AUD-USD were near to their respective Friday closing levels as of the early PM session in Europe. Read more

XE Market Analysis: Asia - Aug 23, 2013

By: XE Market Analysis

The dollar started the N.Y. Friday session on a slightly firmer footing, though a very weak new home sales outcome sank the greenback from there. EUR-USD found support into 1.3330, and later managed highs over 1.3405. The pairing was not able to hold the figure into the close however. Read more

XE Market Analysis: North America - Aug 23, 2013

By: XE Market Analysis

The dollar was mixed, but largely stable overall. EUR edged back over 1.3350, which was a symptom of European account demand as bids held at 1.3330. The market did not react to comments overnight from ECB's Nowotny, which suggested that the ECB was likely to remain on hold after recent economic data. Read more

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