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XE Market Analysis: North America - Nov 14, 2013

By: XE Market Analysis

The dollar traded on the softer side as markets positioned off dovish Yellen comments in prepared remarks ahead of her confirmation hearing later today. She said that the economy and jobs are performing far short of potential, which buoyed sentiment amid expectations that under her leadership the Fed will stay easy for longer. Read more

XE Market Analysis: Europe - Nov 14, 2013

By: XE Market Analysis

The dollar traded on the softer side as markets positioned off dovish Yellen comments in prepared remarks ahead of her confirmation hearing later today. She said that the economy and jobs are performing far short of potential, which buoyed sentiment amid expectations that under her leadership the Fed will stay easy for longer. Read more

XE Market Analysis: Asia - Nov 13, 2013

By: XE Market Analysis

The dollar traded in a choppy fashion in N.Y. on Wednesday, though ultimately ended up lower overall, as position paring continued. EUR-USD fell on ECB comments, where the possibility of negative deposit rates remains, though the dip provided good opportunity for euro short covering. Read more

Higher Inflation Numbers Add Upward Pressure to India's Rates

By: HaleStewart

As I’ve previously noted, the Indian Central Bank is in the middle of literally the worst policy bind a central bank faces: slowing growth and high unemployment. The cure for slow growth is lower interest rates, the implementation of which leads to higher inflation. Read more

XE Market Analysis: North America - Nov 13, 2013

By: XE Market Analysis

Activity in Europe was influenced by a bout of repositioning and consolidation for most currencies. GBP was the outlier as it digested a 41.7k drop in the U.K. claimant count and the BoE Inflation Report. Ahead of the releases, EUR-USD drifted back to 1.3410 as the short covering rally ran out of steam near 1.3450 and USD-JPY marked time near 99.50 after it failed to break 100.00 on Tuesday. Read more

XE Market Analysis: Europe - Nov 13, 2013

By: XE Market Analysis

FX Trade was fairly light in Asia. The dollar maintained easier levels following Tuesday's moderate correction and stocks also headed lower on profit taking. EUR consolidated close to 1.3450 following the short covering rally on Tuesday, though the balance of risk is still with lower levels. Read more

India And Brazil Face Potential Stagflation

By: HaleStewart

Stagflation occurs when a country has low growth and high inflation. Ultimately, the central bank must make an incredibly difficult decision: should they raise rates to lower inflation -- and potentially start a recession -- or should they keep rates steady and allow inflation to continue, thereby reducing purchasing power? In the early 1980s, then chariman of the Federal r\reserve Paul Volcker raised rates, eventually crushing inflation. Read more

XE Market Analysis: Asia - Nov 12, 2013

By: XE Market Analysis

FX Trade was fairly light through the N.Y. session, following a busy London morning. The greenback was mostly lower on net, though marginally so, as stocks gave back some, and Treasury yields dipped before bouncing back. Aside from the Chicago Fed index, the U.S. Read more

XE Market Analysis: North America - Nov 12, 2013

By: XE Market Analysis

It was a busy European morning session. From the London open the dollar found a bid as USD-JPY demand steepened on the way up to 99.80 and this weighed on EUR and Cable. Movement via EUR-USD was choppy as market participants digested comments from ECB's Nowotny and Asmussen. Read more

XE Market Analysis: Europe - Nov 12, 2013

By: XE Market Analysis

FX Markets remain in a holding pattern for the most part after Friday's much better than expected U.S. NFP print in October, which ramped up Fed taper expectations and boosted stocks. Yesterday's partial holiday in the U.S. and Canada lowered activity, though JPY continued to underperform amid appetite for leverage trades. Read more

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