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XE Market Analysis: Europe - Nov 15, 2019

By: XE Market Analysis

The dollar and yen have traded softer amid a backdrop of risk-on positioning. The S&P 500 posted yet another record closing high on Wall Street yesterday, and futures of the index are up 0.3% in overnight trading. Most Asian markets have also gained, though Hong Kong and Chinese markets flagged. Read more

XE Market Analysis: Asia - Nov 14, 2019

By: XE Market Analysis

The Dollar took a bit of a hit in N.Y. trade on Thursday, despite a warmer U.S. PPI outcome. Firmer jobless claims, along with generally risk-off conditions, which saw Treasury yields fall back, weighed on the Greenback to an extent. The DXY slipped back to 98.16, from pre-open levels of 98.42. Read more

XE Market Analysis: North America - Nov 14, 2019

By: XE Market Analysis

Both the dollar and yen have seen fresh highs against a range of currencies, while the Australian dollar came under particular pressure following weak data out of Australia and China. The euro also posted fresh lows against most other currencies. All this came against a backdrop of sputtering global stock markets. Read more

XE Market Analysis: Europe - Nov 14, 2019

By: XE Market Analysis

Both the dollar and yen have continued to hold firm against most other currencies amid a backdrop of sputtering global stock markets. The Australian dollar dove following the release of Australia's October employment report, which showed the unemployment rate ticking higher, to 5.3% from 5.2%. Read more

XE Market Analysis: Asia - Nov 13, 2019

By: XE Market Analysis

The Dollar index posted fresh trend highs of 98.45 ahead of the N.Y. open on Wednesday, though settled inside a narrow range through the day. A slightly warmer CPI outcome had little impact on the USD, while a fall in Treasury yields as risk conditions faded, and a benign Powell speech weighed slightly on the Greenback. Read more

XE Market Analysis: North America - Nov 13, 2019

By: XE Market Analysis

The dollar has been putting in a mixed performance so far today posting fresh highs versus the euro and Canadian dollar while losing ground to the yen and Swiss franc, which outperformed most other currencies on a safe-haven bid amid wobbling global stock markets, and the New Zealand dollar, which surged by over 1% after the RBNZ surprised markets by refraining from cutting interest rates following its policy meeting today. Read more

XE Market Analysis: Europe - Nov 13, 2019

By: XE Market Analysis

The New Zealand dollar surged by over 1% against the dollar and other currencies after the RBNZ surprised markets by refraining from cutting interest rates following its policy meeting today. NZ money market futures had been implying odds of 75% for the central bank to cut the benchmark rate to a new record low of 0.75%, which was instead left at 1.00%. Read more

XE Market Analysis: Asia - Nov 12, 2019

By: XE Market Analysis

The DXY printed near one-month highs of 98.42 in morning N.Y. trade on Tuesday, later fading to 98.27 lows. There was no data to drive the FX market, though as Treasury yields pulled back some, the Dollar turned slightly lower. EUR-USD managed to print fresh trend lows of 1.1003, while USD-JPY was range bound over its 200-day moving average at 109.02. Read more

XE Market Analysis: North America - Nov 12, 2019

By: XE Market Analysis

The dollar has firmed back some after declining moderately yesterday, which followed a phase of rising against most of the other main currencies (which started at the release of the unexpectedly robust October U.S. payrolls report). The narrow trade-weighted USD index (DXY) was a pip off the day's high at 98.35 heading into the New York interbank open, up from yesterday's 98.13 low and 5 pips of the one-month high seen on Friday. Read more

XE Market Analysis: Europe - Nov 12, 2019

By: XE Market Analysis

The yen took a rotation lower during pre-Europe trading in Asia as stock markets steadied after wobbling yesterday. A report in Politico saying that EU officials are expecting President Trump to confirm that he will delay hiking tariffs on EU cars and auto part imports for another six months, according to an EU source, gave investor spirits a boost after the president had said over the weekend that the media had exaggerated U.S. Read more

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