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XE Market Analysis: Europe - Aug 07, 2019

By: XE Market Analysis

The New Zealand Dollar dove over 2% in hitting its lowest level against the U.S. Dollar since January 2016, at 0.6377, and sank to near seven-year lows in the case against the Yen. This followed a more aggressive than expected 50 bp rate cut by the RBNZ, putting the cash rate at an all-time low 1.00%, which was pinned on flagging growth conditions as a consequence of simmering trade tensions and a global economic slowdown. Read more

XE Market Analysis: Asia - Aug 06, 2019

By: XE Market Analysis

The Dollar index ended Tuesday's session near unchanged from opening levels. The DXY started at 97.65, advance to 97.76, before falling back to 97.52, then settling in near 97.65. There was no incoming U.S. data to drive the FX market, and for the most part, traders appeared to just jockey for position until the next major event hits the newswires. Read more

XE Market Analysis: North America - Aug 06, 2019

By: XE Market Analysis

The Dollar has continued to trade mixed, approaching the New York interbank open at near net unchanged levels versus the Euro, while trading firmer versus the Yen and lower against the Australian and New Zealand Dollars. EUR-USD settled near 1.1200 after printing 18-day high at 1.1249. Read more

XE Market Analysis: Europe - Aug 06, 2019

By: XE Market Analysis

High volatility has been the flavour of the day, with the Yen dropping sharply after posting fresh trend highs during the Tokyo AM session. The Japanese currency's highs were seen after U.S. Treasury Secretary Mnuchin officially stamped China as a currency manipulator, while the Yen's fallback was see after the PBoC produced a lower than expected USD-CNY fixing, at 6.9683, which followed a statement by the central bank governor, Yi Gang, that Beijing will stick to commitments "not to use exchange rates for competitive purposes." USD-JPY surged to a rebound high of 107.09 after earlier printing a seven-month low at 105.52. Read more

XE Market Analysis: Asia - Aug 05, 2019

By: XE Market Analysis

The Dollar lost ground in N.Y. trade on Monday, the move driven largely by ramped up expectations for a September Fed rate cut, following the escalation of the U.S./China trade war. China's devaluation of the yuan, along with its cessation of purchasing U.S. Read more

XE Market Analysis: North America - Aug 05, 2019

By: XE Market Analysis

The Dollar has been trading mixed amid a risk-off backdrop, which has seen the safe-haven yen outperform and the commodity-correlating Dollar bloc currencies, along with a good many developing world currencies, underperform. China's Yuan fell to an 11-year low below the politically sensitive 7.0 to the dollar level, which the PBoC blamed on "trade protectionism," and which has the potential to mark the point at which the trade war goes from simmering to boiling. Read more

XE Market Analysis: Europe - Aug 05, 2019

By: XE Market Analysis

The Dollar has been trading mixed amid a mixed off backdrop, which has seen the safe-haven Yen outperform and the commodity-correlating Dollar bloc currencies, along with a good many developing world currencies, underperform. China's Yuan fell to an 11-year low below the politically sensitive 7.0 to the dollar level, which the PBoC blamed on "trade protectionism," and which has the potential to mark the point at which the trade war inflects from simmering to boiling. Read more

XE Market Analysis: Asia - Aug 02, 2019

By: XE Market Analysis

The Dollar ended lower in N.Y. on Friday, rallying briefly following a decent July jobs report, later heading lower on end-of-week position squaring. Trade, factory, and confidence figures were mediocre. Yields and Wall Street headed lower again on ongoing U.S./China trade concerns. Read more

XE Market Analysis: US Piles on More Tariffs, UK Conservative Party Loses Seat in Parliament

By: xemarketanalysis

OVERVIEW The US President surprised the business community, stock and currency markets by escalating tariffs on Chinese goods The UK Conservative Party majority is now down to one seat after pro-EU Liberal Democrat Jane Dodds defeats Chris Davies Canadian dollar down to a two-month low as oil prices continue to sink HIGHLIGHT The US Treasury surprised the market after announcing new taxes on Chinese imports. Read more

XE Market Analysis: US Piles on More Tariffs, UK Conservative Party Loses Seat in Parliament

By: xemarketanalysis

OVERVIEW The US President surprised the business community, stock and currency markets by escalating tariffs on Chinese goods The UK Conservative Party majority is now down to one seat after pro-EU Liberal Democrat Jane Dodds defeats Chris Davies Canadian dollar down to a two-month low as oil prices continue to sink HIGHLIGHT The US Treasury surprised the market after announcing new taxes on Chinese imports. Read more

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