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XE Market Analysis: Europe - Aug 28, 2014

By: XE Market Analysis

The dollar remained generally soft while the AUD outperformed following a strong Q2 capex figure (despite some devils in the details that imply downward revisions GDP forecasts will be needed). EUR-USD edged out a three-day high of 1.3217. This was a reflection of dollar softness as the euro was steady against the yen and euro, although a Reuters report yesterday had shaken out weaker euro bears by citing unnamed ECB sources saying that the ECB is unlikely to undertake new policies next week, unless August inflation numbers show the Eurozone moving significantly towards deflation. Read more

XE Market Analysis: Asia - Aug 27, 2014

By: XE Market Analysis

The dollar was fairly steady through the N.Y. morning session Wednesday, though euro bears received a small shaking out as Reuters, citing ECB sources, reported that the ECB is unlikely to undertake new policies next week unless August inflation numbers show the Eurozone moving significantly towards deflation. Read more

This Week's News From Germany Is Not Encouraging

By: HaleStewart

Germany has been the primary driver of EU growth over the last few years. Over the last few months, news from Italy and France has, at best, been neutral, adding more pressure on Germany. Unfortunately, this week's German news has only raised the level of concern about its ability to lead the EU's economic growth. Read more

XE Market Analysis: North America - Aug 27, 2014

By: XE Market Analysis

The dollar traded lower, with EUR-USD recovering toward 1.3200 after making a fresh 11-month low at 1.3152 during the Asian session. The euro had dropped across-the-board during the Asian session, led specifically by a large dose of EUR-CAD selling. USD-CAD, meanwhile, fell to the low 1.09s before extending to an eight-day low of 1.0889 in the weak-greenback themed European AM session, breaching below its 20-day moving average for the first time since Jul-11. Read more

XE Market Analysis: Europe - Aug 27, 2014

By: XE Market Analysis

The euro has posted fresh lows against the dollar, sterling, the yen and the Australian dollar, among other currencies. Continued talk of the ECB moving toward QE along with negative rates at the front-end of German and French yield curves is driving the euro's underperformance. Read more

Draghi's Austerity Defense Rings Hollow

By: HaleStewart

Last Friday, Mario Draghi gave a speech at the Central Bank retreat in Jackson Hole, Wyoming. The speech contained a defense of the austerity policies pursued by various EU countries as a result of the fiscal issues that came to the forefront in 2012. Read more

XE Market Analysis: Asia - Aug 26, 2014

By: XE Market Analysis

After stumbling some overnight, the dollar advanced in N.Y. trade on Tuesday, as better U.S. data supported, and as risk taking levels remained intact. Durable orders (aircraft) surged, while home prices rose, and consumer confidence advanced sharply, taking both the DJIA and S&P 500 to record highs. Read more

XE Market Analysis: North America - Aug 26, 2014

By: XE Market Analysis

The dollar trade on a moderately softer footing today. USD-JPY dipped back under the 104.00 level, making a low of 103.74 after peak at an eight-month high of 104.12 yesterday. EUR-USD lifted back to the 1.3200 area after seeing a fresh trend low at 1.3179 during the Asian session. Read more

XE Market Analysis: Europe - Aug 26, 2014

By: XE Market Analysis

The yen is up on the dollar on technical indicators signalling that the dollar was overbought. New Zealand's dollar declined after a disappointing trade number and the euro has fallen to an 11-month low against the greenback as speculation of further ECB easing mounts amid weak data and dovish ECB comments. Read more

XE Market Analysis: Asia - Aug 25, 2014

By: XE Market Analysis

After rallying overnight, the dollar settled down some in N.Y. trade on Monday. Modest profit taking was a feature, which helped lift EUR-USD from 1.3190 lows to a high of 1.3210. USD-JPY pulled back under 104, though overall, trade was light. On the data front, there was little reaction to a stronger than expected flash services PMI, or to slightly weaker new home sales. Read more

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