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XE Market Analysis: Asia - Oct 03, 2013

By: XE Market Analysis

The dollar sagged in N.Y. trade on Thursday, as anxiety over the U.S. government shutdown appears to grow by the day. Equities were crushed through the morning session, though recovered some when reports that Speaker Boehner is willing to pass a clear CR in order to move toward getting a boost to the debt limit which in turn would avoid a default. Read more

XE Market Analysis: North America - Oct 03, 2013

By: XE Market Analysis

The dollar remained on the back foot after yesterday's damp ADP reading, while the impasse in D.C. continued to dominate headlines. Markets are still taking a more optimistic view that politicians will eventually carve out a solution. Asia markets benefited from a revival in risk appetite amid signs that momentum in China's economy is well sustained after non-manufacturing PMI hit a six-month high, which weighed on JPY. Read more

XE Market Analysis: Europe - Oct 03, 2013

By: XE Market Analysis

The dollar remained on the back foot in Asia after yesterday's damp ADP reading, while the impasse in D.C. continued to dominate headlines. Markets are still taking a more optimistic view that politicians will eventually carve out a solution, which will avoid the U.S. Read more

XE Market Analysis: Asia - Oct 02, 2013

By: XE Market Analysis

The dollar faded in N.Y. trade on Wednesday, as a softer ADP employment print weighed slightly, and a status quo ECB prompted EUR-USD short covering. The greenback's rise on Tuesday was largely undone today, as prospects for a drawn out U.S. government shutdown, and fears of a U.S. Read more

XE Market Analysis: North America - Oct 02, 2013

By: XE Market Analysis

The dollar was narrowly mixed in quiet European trade. In Asia, it edged higher against EUR, GBP and CHF, but there was a lack of follow through as the U.S. government shutdown left a fragile tone and European accounts sold into strength. It is widely thought that the shutdown has effectively eliminated any risk of an October Fed policy change. Read more

XE Market Analysis: Europe - Oct 02, 2013

By: XE Market Analysis

The dollar held steady in Asia after it recovered from trend lows in N.Y. as the U.S. government shutdown did not have a significant impact on U.S. markets. It is widely though that the shutdown has effectively eliminated any risk of an October Fed policy change. Read more

XE Market Analysis: Asia - Oct 01, 2013

By: XE Market Analysis

The dollar firmed, equities rallied, and Treasury yields were fairly steady in the aftermath of the U.S. government shutdown. FX trade was subdued early in the session, seeing EUR-USD idle on either side of 1.3550, after posting eight month highs near 1.3590 in London. Read more

XE Market Analysis: North America - Oct 01, 2013

By: XE Market Analysis

The dollar took a dive in early London trade after non-committal trade during the Asian session following the failure of Washington to compromise on a government spending bill or a Continuing Resolution. However, follow-through proved limited with markets taking the view that the partial shutdown of government won't prove too detrimental to growth, though there still a lot of potential obstacles, particularly concerning the debt ceiling showdown later in the month. Read more

XE Market Analysis: Europe - Oct 01, 2013

By: XE Market Analysis

The market reaction has so far been muted to news that the U.S. government is heading for shutdown after a compromise was not struck on a government spending bill or a Continuing Resolution. Helping offset were a set of encouraging data out of both Japan and Australia. Read more

XE Market Analysis: Asia - Sep 30, 2013

By: XE Market Analysis

The dollar and yen were mostly softer in N.Y. trade on Monday, after posting modest gains in overnight trade. EUR-USD moved over 1.3555, after finding support just under 1.3500 at the open. USD-JPY meanwhile, sagged to trend lows near 95.60, though found Japanese support at the level, and later bounded over 98.35. Read more

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