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XE Market Analysis: Asia - Jun 29, 2018

By: XE Market Analysis

The DXY was fairly steady through the morning session, though lost some ground in afternoon trade. The dollar index dropped to 94.55 lows from a high of 94.90. Incoming U.S. data was mixed, though had little impact on market overall. Month and quarter end activity was the main driver in the FX market on Friday. Read more

XE Market Analysis: US Dollar Poised to Cross the Q2 as the Winner

By: xemarketanalysis

OVERVIEW The Greenback is on track to finish strongly against the G-10 currencies. Indian Rupee is at lifetime lows despite RBI’s intervention. CNY slides further for the 11th day in a row. WTI ending the week strongly, up 42 cents to $73.87 a barrel. HIGHLIGHT USD/INR rose to a lifetime high on the back of increasing current account deficit, stronger Dollar, and higher oil prices. Read more

XE Market Analysis: North America - Jun 29, 2018

By: XE Market Analysis

EUR-USD rallied over a big figure in making a two-day high at 1.1666. The pair yesterday posted an eight-day low at 1.1727. Most euro crosses also gained. News that EU members have thrashed out deal on immigration (to shore up external borders and create screening centres for migrants) has reduced the discount built into the common currency on existential threat grounds, as the deal should placate the Italian populist government and broader Eurosceptic, populist movements across the region. Read more

XE Market Analysis: Europe - Jun 29, 2018

By: XE Market Analysis

Both the dollar and yen have weakened against most of the other main currencies, with the yen underperforming, while the euro outperformed on meeting some strong demand on news that EU members had thrashed out deal on immigration. The deal aims to shore up external borders and create screening centres for migrants, which is seen as placating the placating the Italian populist government and broader Eurosceptic, populist movements across the region. Read more

XE Market Analysis: Asia - Jun 28, 2018

By: XE Market Analysis

The dollar edged a bit lower early in the session following a downwardly revised Q1 U.S. GDP outcome, and slightly higher jobless claims. The DXY bottomed at 95.11 before bouncing to 95.36 highs. The greenback again faded, though recovered into the close. Read more

XE Market Analysis: The Pound Holds Off on 8-Month Lows Against the US Dollar

By: xemarketanalysis

OVERVIEW The Pound is off 8-month lows amid interest rate expectations and comments from BoE's Haldane. US Dollar gives up earlier gains. The Loonie strong amid increased expectations of a rate hike in July. HIGHLIGHT The Pound holds it's own having tested 8-month lows against the US Dollar and 2-month low against the Euro. Read more

XE Market Analysis: North America - Jun 28, 2018

By: XE Market Analysis

The dollar has traded mixed so far today, ebbing back against the euro after printing a five-session high, holding near net unchanged versus the yen, while gaining on the NZ dollar and the pound. EUR-USD lifted out of lows, earlier printing a new five-session nadir at 1.1527 before recouping above 1.1560. Read more

XE Market Analysis: Europe - Jun 28, 2018

By: XE Market Analysis

The NZ dollar printed a two-week low at 0.6768 following dovish-tilting guidance from the RBNZ, which said that the outlook has been tempered slightly by the trade tensions among some of the world's major economies. This followed the widely expected decision to leave the cash rate unchanged at 1.75%. Read more

XE Market Analysis: Asia - Jun 27, 2018

By: XE Market Analysis

The USD index (DXY) was up by 0.5% as of the mid New York PM session, mirroring the 0.5% loss in EUR-USD and gains the dollar saw against a slew of other currencies today. The biggest advance out of the currencies we track was against the New Zealand dollar, which was nursing a 0.9% loss. Read more

XE Market Analysis: US Dollar Spikes on Softer Trade Restrictions

By: xemarketanalysis

OVERVIEW US Dollar is higher on the back of softer restrictions on US Chinese investment. The Pound is on the backfoot as markets wait for Brexit negotiations on Thursday and Friday. The Loonie is strong ahead of the BOC statement. HIGHLIGHT The US Dollar is stronger across the board as President Trump looks at softer restrictions on Chinese investment into the US. Read more

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