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XE Market Analysis: Asia - Oct 04, 2017

By: XE Market Analysis

The dollar firmed up some in N.Y. on Wednesday, with strong U.S. data again the main driver of gains. Wall Street advanced further, as yields headed higher as well. EUR-USD topped at 1.1787 early on, before pulling back to 1.1747 lows. USD-JPY meanwhile, peaked at 1.1294, though the 113 handle remains a tough nut. Read more

XE Market Analysis: North America - Oct 04, 2017

By: XE Market Analysis

EUR-USD logged a two-session high at 1.1781, rebounding from yesterday's two-and-a-half-month low at 1.1696. The gain reflects a broader retreat in the dollar, while the deepening constitutional crisis in Spain remains a concern for the euro. The pound traded mixed, with gains seen following an above-forecast services PMI out of the UK failing to sustain. Read more

XE Market Analysis: Europe - Oct 04, 2017

By: XE Market Analysis

The dollar remained on the ebb, giving back some of the gains posted recently. The narrow trade-weighted USD index is showing a modest 0.2% loss as the London interbank opens, at 93.23, having extended the decline from yesterday's six-week peak at 93.77. Read more

XE Market Analysis: Asia - Oct 03, 2017

By: XE Market Analysis

The dollar pulled back modestly in N.Y. trade on Tuesday, taking the DXY from six-week highs of 93.91 to a low of 93.43. After opening at session lows of 1.1728, EUR-USD advanced to 1.1773 highs, with stabilizing Spanish stocks supporting.. USD-JPY again gave back the 113 handle, bottoming at 112.70 on reported exporter selling. Read more

Will residential construction spending confirm the housing slowdown?

By: New_Deal_democrat

With one exception, I don't find construction spending a particularly useful metric. The overall measure gives us almost no information about where the economy is going. Further, government construction spending has generally been steady over the long term, once we adjust for inflation. Read more

XE Market Analysis: US Dollar Firms as Data Supports Rate Hike Expectations

By: xemarketanalysis

OVERVIEW USD at 1 in a half month high as very strong manufacturing data bolsters rate outlook. AUD weakens after RBA leave policy on hold, mention currency's strength. GBP under pressure from weaker survey data for September. Equity markets continue their record run, posting fresh record highs. HIGHLIGHT The US Dollar index hit a 1 in a half month high after a measure of US manufacturing activity for September released yesterday showed a surge to a 13 in a half year high, pushing the Dollar and bond yields higher. Read more

XE Market Analysis: North America - Oct 03, 2017

By: XE Market Analysis

The euro recovered a good chunk of the ground it lost yesterday. EUR-USD lifted to 1.1750 from lows just under 1.1700, EUR-CHF trading back above 1.1450, and EUR-JPY, among other euro crosses, also gained. The rise was concomitant with a stabilisation on the Spanish stock market as investors move on from the ugly scenes from the weekend's auto-mandated independence vote. Read more

XE Market Analysis: Europe - Oct 03, 2017

By: XE Market Analysis

The dollar has continued to find demand, posting gains versus the euro, yen, sterling and Australian dollar, among other currencies. The narrow trade-weighted USD index clocked a one-and-a-half-month peak at 93.77, while EUR-USD traded below 1.1700 for the first time since mid August. Read more

XE Market Analysis: Asia - Oct 02, 2017

By: XE Market Analysis

Improved U.S. data supported the dollar in N.Y. trade on Monday, as the manufacturing ISM came in much stronger than expected, and construction spending rose more than forecast. EUR-USD bottomed at 1.1737 after peaking at 1.1763 early in the session. USD-JPY was unable to breach the 113 mark, topping at 112.994, and later finding support over 112.50. Read more

XE Market Analysis: North America - Oct 02, 2017

By: XE Market Analysis

The dollar has rallied in early-week trading, particularly against the euro, which has taken a hit on the eruption of the Catalonian independence movement onto the world stage -- the first time this long-running issue has had such far-reaching impact. Read more

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