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XE Market Analysis: Europe - Jun 07, 2018

By: XE Market Analysis

The dollar has retained a mixed-to-softer bias, posting a fresh two-week low against the euro and remaining under pressure against sterling and the Swiss franc, though managing moderate gains versus the Australian dollar and holding steady versus the yen. Read more

XE Market Analysis: Asia - Jun 06, 2018

By: XE Market Analysis

A narrowed trade deficit and downward revised Q1 productivity report had little impact on the dollar in N.Y. trade on Wednesday, though after a brief mid-morning sip, the DXY rallied from 93.44 to 93.69 highs. Treasury yields provided some support to the dollar, as they were dragged higher by EGB rates, following hawkish ECB speak on the timing of ending QE. Read more

XE Market Analysis: Euro Rallies as ECB Officials Hint at Ending Their Bond-Buying Program

By: xemarketanalysis

OVERVIEW The US Dollar tests 110 in USD/JPY. The Euro bounces as ECB officials talk of ending their bond-buying program. The Australian economy goes from strength to strength posting 1% growth in Q1. HIGHLIGHT ECB officials said that they could end the bank's bond-buying program by the end of 2018, the first tightening signal in a long time. Read more

XE Market Analysis: North America - Jun 06, 2018

By: XE Market Analysis

The dollar has traded weaker against all but the yen out of the main currencies. The euro and Australian dollars have been the strongest, the former aided by relative hawkish ECB-speak and the latter boosted by above-forecast Australian GDP data, while the yen underperformed as safe haven premiums unwound some more amid gains in global stock markets. Read more

XE Market Analysis: Europe - Jun 06, 2018

By: XE Market Analysis

Both the dollar and yen have traded softer against most other currencies. EUR-USD has edged out a two-week high at 1.1734. EUR-JPY also posted a two-week peak, though the euro has traded more mixed (i.e. net neutral) versus other currencies, with euro crosses having flattened out for the most part out after rallying over the last week on the shifting Italian political situation. Read more

XE Market Analysis: Asia - Jun 05, 2018

By: XE Market Analysis

The dollar firmed early in the N.Y. session, helped by a stronger services ISM. The DXY made its way to 94.31 highs before later heading to 93.79 lows. EUR-USD popped following reports that the ECB may announce its end date for its QE program at the next policy meeting. Read more

XE Market Analysis: Twiddling Thumbs After Trades and Tariffs

By: xemarketanalysis

OVERVIEW Second-tier data brings temporary calmness in the markets. Commodity currencies under pressure from bilateral NAFTA and sliding oil prices. WTI sheds 35 cents, moving to an 8-week low near $64.42 a barrel. HIGHLIGHT The USD/JPY pair failed to breach the technical 200-day moving average and is now slowly sliding below the key 110.00 psychological mark. Read more

XE Market Analysis: North America - Jun 05, 2018

By: XE Market Analysis

The dollar has traded mixed, holding net steady against the euro and yen, losing ground to the pound following a strong services PMI release out of the UK, while gaining against the Canadian and Australian dollars. EUR-USD lost upside traction, with the pair reverting to a narrow oscillation of the 1.1700 level. Read more

XE Market Analysis: Europe - Jun 05, 2018

By: XE Market Analysis

There has been limited net direction among the main currencies so far today as the London interbank opens. EUR-USD has lost upside traction, with the pair reverting to a narrow oscillation of the 1.1700 level. Euro crosses have also flattened out after rallying over the last week on the shifting Italian political situation. Read more

XE Market Analysis: Asia - Jun 04, 2018

By: XE Market Analysis

The dollar started out on a softer footing in N.Y. on Monday, though managed a modest rally through the remainder of the day, as risk appetite picked up. The DXY picked up to 94.14 from 93.67 opening lows. EUR-USD fell from 1.1745 to 1.1677, while USD-JPY rallied to 109.75 from 109.37. Read more

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