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XE Market Analysis: Asia - Apr 02, 2019

By: XE Market Analysis

The Dollar index bounced modestly to near one-month highs of 97.52 through the morning session in N.Y., coming from opening lows of 97.36. A weak durables report ultimately had little impact on the Greenback, though the USD lost some ground after the London close, where a speech from U.K. Read more

XE Market Analysis: The Euro is Edging Closer to a Cliff

By: xemarketanalysis

OVERVIEW The US dollar keeps a strong tone as global growth uncertainty weighs on global currencies. GBP/USD turns negative after the House of Commons could not find a breakthrough on the second set of alternatives votes. Oil futures trading near five-month high on OPEC output cut. HIGHLIGHT The euro has lost nearly 3.4% of its spot value against the greenback since the beginning of the year. Read more

XE Market Analysis: North America - Apr 02, 2019

By: XE Market Analysis

The Dollar has traded firmer against most currencies so far today. The narrow trade-weighted USD index printed a four-week high at 97.46 while EUR-USD concurrently posted a four-week low at 1.1190. USD-JPY lifted to a two-week high at 111.45 in what is now the fourth consecutive session of gains. Read more

XE Market Analysis: Europe - Apr 02, 2019

By: XE Market Analysis

The Dollar has regained an underlying bid concurrently with a sharp rise in Treasury yields over the last day and an ongoing risk-on sentiment in global markets. This drove EUR-USD to a four-week low of 1.1196. Cable is also softer, and took a knock after the UK's Parliament disappointed by failing to pass any of the alternative proposals on Brexit. Read more

XE Market Analysis: Asia - Apr 01, 2019

By: XE Market Analysis

The Dollar was mostly firmer on Monday in N.Y. trade, with gains coming on the heels of better manufacturing ISM and constructions spending. The Greenback wobbled a little early in the session, as U.S. retail sales were light of expectations. EUR-USD headed to three-week lows of 1.1205, down from early highs of 1.1247. Read more

XE Market Analysis: The British Pound Jumps Higher on Rumors as New Votes Break the Brexit Deadlock

By: xemarketanalysis

OVERVIEW The US dollar is trading with a softer sentiment, down 0.15% against the G-10 currencies. GBP/USD is volatile and is trading near the session high as MPs prepare for new votes on new alternatives. Commodity currencies are trading higher, following strong NYMEX WTI. Read more

XE Market Analysis: North America - Apr 01, 2019

By: XE Market Analysis

The Dollar has traded with a softening bias so far today against most currencies, with the Yen being the notable exception. Both currencies saw their recently built-up safe-haven premiums erode as stock markets in Asia and Europe rallied quite strongly. Read more

XE Market Analysis: Europe - Apr 01, 2019

By: XE Market Analysis

Both the Dollar and Yen have been trading softer today as both currencies see recently built up safe-haven premium erode, with stock markets in Asia rallying quite strongly today. The narrow trade-weighted USD index corrected about half of Friday's gain, while EUR-USD settled toward 1.1250 after printing a three-week low on Friday at 1.1210. Read more

XE Market Analysis: Asia - Mar 29, 2019

By: XE Market Analysis

After an early dip due to softer income and spending data, the Dollar rallied in N.Y. on Friday. Stronger housing and sentiment data later took the DXY to 97.28 highs from 97.01 lows. Yields firmed up with Wall Street, which posted moderate gains. EUR-USD topped at 1.1246, up from 1.1210 ahead of the open, later pulling back under 1.1220. Read more

XE Market Analysis: Creative UK MPs Believe Third Meaningful Vote is a Charm

By: xemarketanalysis

OVERVIEW The Dollar Index turns negative after soft PCE reading GBP/USD buoyed by positive sentiment on the third vote on the Withdrawal deal Read more

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