Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
The dollar majors have been holding in narrow ranges in early-week trading so far. EUR-USD has been making time in the mid 1.1600s, while USD-JPY has held in a narrow range near 111.0. The PBoC lifted the USD-CNY reference to a new high of 6.8131 from Friday's 6.7942. Read more
The Dollar majors have been holding in narrow ranges in early-week trading so far. EUR-USD nudged higher, to a two-session peak of 1.1692 after breaching above Friday's high at 1.1664, extending the rebound from the 11-day seen then 1.1620. There didn't appear to have been an strong leads, with Eurozone confidence data and Spanish inflation figures coming at expectations. Read more
The dollar slipped after the U.S. Q2 GDP report, which was near expectations at 4.1%, though well below the whispers of 5% heard this week. From there, FX trade slowed to a crawl, leaving major Dollar pairings inside of narrow trading bands. EUR-USD peaked at 1.1662, up from 1.1625 pre-data. Read more
OVERVIEW US Advance Q2 GDP rose 4.1%. GBP riding headlong into Brexit chaos. Geopolitical tensions keep oil futures close to $70 a barrel. HIGHLIGHT The South African Rand has appreciated nearly 4% against the greenback so far this quarter. Read more
The USD index (DXY) has posted a fresh one-week high of 94.91 as market participants anticipate upside risk to today's release of advance Q2 GDP out of the U.S. The latest price dynamic is part of an overall sideways chop that's been persisting since mid June. Read more
The Dollar has been trading with a firming bias as markets anticipate a strong advance U.S. GDP report for Q2, which will be released later today (and which President Trump and members of his administration have been flagging), though trading ranges have remained narrow thus far today. Read more
The Dollar index rebounded from 94.21 lows to top at 94.72 in N.Y. trade on Tuesday. The index was supported by a weaker Euro, which came following ECB Draghi's relatively dovish press conference. EUR-USD slipped to 1.1650 from opening highs of 1.1730. Read more
OVERVIEW ECB reaffirmed their stimulus program will end this year. Sterling struggles to gain ground with ongoing uncertainty over Brexit. Stronger US Dollar as data points to solid growth in business activity. HIGHLIGHT While off 10-month lows against the US Dollar, the Pound struggled to make headway amid Brexit concerns. Read more
EUR-USD has tipped moderately lower, back to the 1.1710 area after capping out at a four-day high of 1.1743 earlier in Asia, which marginally extended the gain seen after the unexpectedly cordial meeting between President Trump and the EU's Juncker (with the former agreeing to hold off on car tariffs, at least for now, and to return to negotiating table). Read more
The Yen has been trading firmer while the Dollar has been steady against most currencies. EUR-USD edged out a fresh four-day high of 1.1743 earlier in Asia, marginally extending the gain seen after the unexpectedly cordial meeting between President Trump and the EU's Junker. Read more
