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XE Market Analysis: Asia - Feb 05, 2015

By: XE Market Analysis

The dollar was largely on a negative slope through most of the session, as EUR-USD made its way from 1.1397 lows, to peak at 1.1497 in afternoon trade. USD-JPY eased steadily from 117.55 to 117.25 lows, before rebounding. A EUR-JPY buying surge reportedly hit the market, taking the cross over 1.3510, and lifting both USD-JPY and EUR-JPY in the process. Read more

XE Market Analysis: North America - Feb 05, 2015

By: XE Market Analysis

EUR-USD traded higher amid reported SNB intervention in EUR-CHF, which drove a 1.5%-plus rally in the cross, sending the euro above 1.06 after opening in Europe below the lower limit of the SNB's alleged "soft floor" at 1.0500. Before the SNB's visible hand appeared, EUR-USD had dipped to a three-day low at 1.1304 during the early Asian session, extending euro losses seen after ECB announced it is ending the waiver on Greek government debt from Feb-11, which means that Greek bonds will no longer be eligible collateral in the central bank's liquidity operations. Read more

XE Market Analysis: Europe - Feb 05, 2015

By: XE Market Analysis

EUR-USD dove to a three-day low after the ECB announced it is ending the waiver on Greek government debt from Feb-11, meaning that Greek bonds will no longer be eligible collateral in the ECB's liquidity providing operations. A low of 1.1304 was seen in earlier Asia-Pacific trade, and the euro since settled around 1.1350. Read more

XE Market Analysis: Asia - Feb 04, 2015

By: XE Market Analysis

FX trade was calm in N.Y. on Wednesday, when compared to Tuesday's hectic session. With perhaps USD-CAD as the exception, the dollar largely maintained narrow ranges throughout. EUR-USD stuck to about a 30 point range above 1.1400 through most of the day, as USD-JPY faded from 117.67 highs to lows of 117.35. Read more

XE Market Analysis: Asia - Feb 03, 2015

By: XE Market Analysis

The dollar continued its sell off in N.Y. on Tuesday, taking the USD index down over 1.0%, in a good old-fashioned squeeze. EUR-USD opened near 1.1390, and eventually made it to 1.1534 highs. USD-JPY held up better, rallying with higher equities and U.S. Read more

Why Did Australia Cut Rates 25 Basis Points?

By: HaleStewart

            The Reserve Bank of Australia just lowered interest rates, offering the following justification: Read more

XE Market Analysis: North America - Feb 03, 2015

By: XE Market Analysis

The AUD dove 2.5% following the largely unexpected RBA rate cut, which took Australian benchmark cash interest rate to a record low of 2.25%. AUD-USD dove to a low so far of 0.7635, breaching the July 2009 low at 0.7699 on route to make a fresh five-year-plus low. Read more

XE Market Analysis: Europe - Feb 03, 2015

By: XE Market Analysis

The AUD dove following the largely unexpected RBA rate cut, which took Australian benchmark cash interest rate to a record low of 2.25%. AUD-USD dove to a low so far of 0.7635, breaching the July 2009 low at 0.7699 on route to make a fresh five-year-plus low. Read more

Week In Review Webinar

By: HaleStewart

On Sunday at 11AM CST, I'll be hosting a webinar that will focus on the week's economic events.  I'll be focusing on international economic developments and some market action.  Read more

XE Market Analysis: Asia - Feb 02, 2015

By: XE Market Analysis

FX trade was fairly quiet in N.Y. on Monday, though the dollar lost ground to most major currencies. Incoming data was soft overall, with income and consumption meeting low expectations, and ISM and construction spending both missing to the downside. EUR-USD found good support into 1.1300 early on, before rallying to highs over 1.1360. Read more

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