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International Economic Week in Review: A General Tenor of Malaise, Edition

By: HaleStewart

Before looking at country level information in detail, here are quick summaries of the countries that reported this week: The EU continues to show weak improvement. The US, after several months of weaker than desired data, had some decent numbers. Read more

XE Market Analysis: North America - May 08, 2015

By: XE Market Analysis

EUR-USD has been holding steady after earlier declining to a 1.1182 low, which was posted in early London trade. The euro has since settled in the low-to-mid 1.12s. The decline over the last day was pretty big, just over two big figures from the 10-week high that was made at 1.1392. Read more

XE Market Analysis: Europe - May 08, 2015

By: XE Market Analysis

EUR-USD lower in the wake of the encouraging U.S. jobless claims data on Thursday, which sparked dollar short covering ahead of the April payrolls report. The low so far has been 1.1191, down almost two big figures from Thursday's peak. Wednesday's low at 1.1174 provides the next downside marker. Read more

XE Market Analysis: Asia - May 07, 2015

By: XE Market Analysis

The dollar clawed back some recent losses in N.Y. on Thursday, as much better jobless claims data helped sentiment. The major driver however, was likely a round of dollar short covering ahead of Friday's key jobs report. Given the greenback's steep losses suffered over the past couple of session, some position paring dame as not much of a surprise. Read more

The strong US dollar and recessions

By: New_Deal_democrat

In the past, has a sudden move towards a strong dollar been associated with recessions?  With some qualifications, the answer is "yes." Let's start with a few graphs from XE's currency section.  First, here is the Japanese Yen vs. the dollar: Read more

XE Market Analysis: North America - May 07, 2015

By: XE Market Analysis

EUR-USD cracked to a new 10-week high at 1.1392, subsequently settling around 1.1350. The move was driven by an acceleration in the narrowing of the U.S. T-note versus Bund spread, which dropped below 155 bp -- more than 10 bp narrower than a day ago, and over 20 bp lower than levels seen last week. Read more

XE Market Analysis: Europe - May 07, 2015

By: XE Market Analysis

EUR-USD remains well bid, nudging out a new 10-week peak at 1.1371. EUR-JPY also traded to a new four-month peak, while the euro also managed to perk up against the recently outperforming Aussie. Generally encouraging signs of improving growth in the Eurozone are feeding a market narrative that the ECB may become less committed to its current QE program, and could eventually consider an tapering of the program. Read more

XE Market Analysis: Asia - May 06, 2015

By: XE Market Analysis

The dollar took another hit in N.Y. trade on Wednesday, where following the blowout trade deficit released on Tuesday, the April ADP employment survey missed the mark as well. Treasury yields moved higher still, though did not help the greenback. Wall Street tumbled, as Fed chair Yellen said equity market valuations were "quite high", which didn't do any favors to the dollar either. Read more

What ails rail?

By: New_Deal_democrat

For the last 2+ months, my Weekly Indicators column has noted that rail transport, to use the technical term, stinks.  This is a primary coincident indicator of the economy, and to see it suddenly fall into recessionary territory has piqued my interest, to say the least. Read more

XE Market Analysis: North America - May 06, 2015

By: XE Market Analysis

EUR-USD traded softer after peaking at a five-day high at 1.1270, though found a cushion of support just above 1.1200. EUR-JPY and other euro cross saw a similar price action, though the dollar itself was broadly lower as the euro was broadly higher. The run higher came despite persisting Greek uncertainties, which saw the Greek 2-year yield push back above 21%. Read more

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