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XE Market Analysis: The Mighty Greenback Sends Major Peers Tumbling

By: xemarketanalysis

OVERVIEW US Institute for Supply Management results came in significantly lower than expected. British Chancellor Sajid Javid vowed to raise the minimum "Living Wage" to ten pounds fifty. Canadian goods manufacturing was down, and Real GDP was flat after four consecutive months of growth. Read more

XE Market Analysis: North America - Oct 01, 2019

By: XE Market Analysis

The dollar pared gains after posting fresh highs against the euro, yen, Australian and New Zealand dollars, among other currencies. EUR-USD lifted out of a 28-month low at 1.0879, recouping to levels above 1.0900. EUR-CHF gained sharply, by nearly 0.5%, and most other euro crosses also rose, despite expectedly benign Eurozone inflation headlines in preliminary September data. Read more

XE Market Analysis: Europe - Oct 01, 2019

By: XE Market Analysis

The Australian has taken a tumbled on RBA guidance, with the central bank's governor, Lowe, repeating in his post-policy meeting statement that low interest rates will be required for an extended period of time. This followed a decision to leave the cash rate unchanged at its record low 0.75%. Read more

XE Market Analysis: Asia - Sep 30, 2019

By: XE Market Analysis

The Dollar was firmer in N.Y. on Monday, taking the DXY to 28-month highs of 99.45 early in the session. Much of the Dollar index's move came with EUR-USD weakness, which saw that pairing fall to trend lows of 1.0885 on the back of cool German CPI. Later, softer U.S. Read more

XE Market Analysis: The Markets Are Calm Before Leaping Into a Monstrous October

By: xemarketanalysis

OVERVIEW You guessed it, Brexit uncertainty continues, and it is darkening investor sentiment related to both the pound and business securities. US-China trade relations continue to be as icy as recent pre-winter snowstorms in Alberta and Montana. The euro is running to stand still as sombre economic predictions are weighing on the shared currency. Read more

XE Market Analysis: North America - Sep 30, 2019

By: XE Market Analysis

The dollar majors have mostly held comfortably within their respective ranges so far today. EUR-USD dipped to the 1.0919, which is about 20 pips down on Friday's closing levels though lacking the impetus for a move on the 28-month at 1.0904. USD-JPY dipped to a low of 107.75 before recouping to near net unchanged levels around 107.95. Read more

XE Market Analysis: Europe - Sep 30, 2019

By: XE Market Analysis

A moderate risk-off theme has coursed through the main currencies, which has seen AUD-JPY shed about 0.3% and the Yen post modest gains versus other currencies. USD-JPY dipped to a low of 107.75 after closing in New York on Friday near 107.95, though the dollar held firmer against most other currencies. Read more

XE Market Analysis: Asia - Sep 27, 2019

By: XE Market Analysis

The Dollar eased some overall in N.Y. trade on Friday, taking the DXY from near one-month overnight highs of 99.31 to U.S. lows of 98.99. FX trade was choppy through the morning, though the USD was little impacted by incoming U.S. data, which overall, was decent. Read more

XE Market Analysis: North America - Sep 27, 2019

By: XE Market Analysis

The dollar was showing a mixed performance on the day heading into the New York interbank open, having printed a fresh 28-high against the euro following another round of sub-forecast Eurozone data, an 18-day low against the pound at the prompt of dovish BoE-speak, a nine-day high against the yen, which underperformed as stock markets rallied during the European morning session, while at the same time losing ground to the Australian and Canadian dollars. Read more

XE Market Analysis: Europe - Sep 27, 2019

By: XE Market Analysis

The euro has carved out fresh lows in an otherwise narrow ranging day among the main currencies so far, with dollar majors making it to the London interbank open showing no more than 0.2% net changes. EUR-USD edged out a fresh 28-month low at 1.0904 and EUR-JPY a three-week low at 117.44, before quickly recouping to levels around 117.60-65. Read more

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