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XE Market Analysis: U.S. Inflation Rises To a 5-Year High

By: xemarketanalysis

OVERVIEW Markets are relatively quiet ahead of the Federal Reserve's rate decision and the outcome of the Dutch elections. UK labor market data showed the economy continued to add jobs in February with the unemployment rate falling to 4.7%, its lowest since 2005. U.S. Read more

XE Market Analysis: North America - Mar 15, 2017

By: XE Market Analysis

The dollar majors settled into the twin risk event of the Dutch election and the FOMC announcement, a 25 bp rate hike is fully discounted but some uncertainty about the degree of hawkishness the Fed will signal in its policy guidance.[EUR, USD]EUR-USD settled in the mid-to-lower 1.06s after a tumble from levels just above 1.0700 to yesterday's low at 1.0600. Read more

XE Market Analysis: Europe - Mar 15, 2017

By: XE Market Analysis

Sterling has rallied in the wake of a Bloomberg report, citing unnamed sources, saying that the EU won't authorize Brexit negotiations until June 20th, despite clear communication from the UK government over the last six months that it will invoke Article 50 by the end of March (repeated by a PM spokesperson earlier in this week). Read more

XE Market Analysis: Asia - Mar 14, 2017

By: XE Market Analysis

FX trade was subdued for the most part in N.Y. Tuesday trade, with all eyes looking ahead to the FOMC announcement on Wednesday. The Fed is universally expected to hike rates another 25 bps , which would be the third tightening of the cycle. With the hike fully priced, the markets will look to the policy statement and dot pot for further insight on the trajectory. Read more

Brexit Blues Drive Sterling To 2-month Low

By: xemarketanalysis

OVERVIEW The US Dollar remains strong as we head into the FOMC decision on interest rates. UK Government won approval to trigger Article 50, putting the Sterling under pressure. The ZEW survey came in lower than expected as political risks in Europe weigh on German economic sentiment. Eurozone industrial production rose 0.9% in January compared to the previous month and by 0.6% year-on-year, with both below expectations. HIGHLIGHT The UK government won parliament’s approval to trigger Article 50. Read more

XE Market Analysis: North America - Mar 14, 2017

By: XE Market Analysis

The dollar was bid as markets jostle for position ahead of the FOMC announcement tomorrow, where the risk is that a fully expected 25 bp rate hike is accompanied with pretty hawkish guidance. EUR-USD carved out a two-day low at 1.0632, unaffected by perky German inflation data and a rise in German ZEW data. Read more

XE Market Analysis: Europe - Mar 14, 2017

By: XE Market Analysis

The dollar has picked up some as markets jostle for position ahead of the FOMC announcement tomorrow, where the risk is that a fully expected 25 bp rate hike is accompanied with pretty hawkish guidance. EUR-USD has ebbed to two-day lows under 1.0640 while USD-JPY has lifted to two-session highs above 115.12, extending the rebound from yesterday's 114.48 low. Read more

XE Market Analysis: Asia - Mar 13, 2017

By: XE Market Analysis

FX trade was quiet in N.Y. on Monday, with narrow ranges dominating. There was no data to move the market, and the dollar overall was mixed, a bit higher against the euro, flat versus the yen, and lower against the CAD and pound. Activity is liable to dry up further into Wednesday's FOMC meeting, where a 25 basis point rate hike is largely priced in. Read more

XE Market Analysis: North America - Mar 13, 2017

By: XE Market Analysis

The dollar posted fresh post-U.S. jobs report lows versus the euro, sterling, yen, among other currencies, before recouping some lost ground. EUR-USD, EUR-JPY and other euro crosses ebbed and were showing net losses as of the early European PM session after seeing fresh post-ECB meeting highs earlier. Read more

XE Market Analysis: Europe - Mar 13, 2017

By: XE Market Analysis

The dollar remained mixed in the wake of Friday's jobs report, which was sufficiently strong to cement market expectations for a 25 bp rage hike from the Fed this Wednesday, but missed the ADP reading of 297k, which seemed to take the wind out of the dollar's sails. Read more

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