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XE Market Analysis: Asia - Oct 16, 2015

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Friday, though overall, ranges were narrow ahead of the weekend, and a quite volatile week behind the markets. In-line U.S. industrial production and a better U. of Michigan sentiment outcome had little impact on the dollar, while yields remained range bound, and Wall Street meandered on either side of flat. Read more

XE Market Analysis: North America - Oct 16, 2015

By: XE Market Analysis

The dollar retained the firmer tone it established yesterday. EUR-USD ebbed to a one-week low at 1.1334, and the also euro posted declines against the yen and sterling, though the magnitudes were modest. Final September Eurozone CPI was confirmed at -0.1% y/y , down from 0.2% in August, as expected. Read more

XE Market Analysis: Europe - Oct 16, 2015

By: XE Market Analysis

Not a lot of movement has been seen in the G3 and other currencies, with the dollar having consolidated the rebound gains it saw yesterday following the slightly hotter than expected CPI reading. USD-JPY was an exception as it managed to eke out a two-day high at 119.25, though the pair has since slumped back to near net unchanged levels on the day, to just under 119.00. Read more

XE Market Analysis: Asia - Oct 15, 2015

By: XE Market Analysis

The dollar rallied, and yields rose after the early mix of data, where core CPI was a bit warmer than expected, and jobless claims fell to 40-year lows. Equities came off their best levels, as the theme of good news is bad news remained, though late day buying ultimately saw Wall Street put in a good performance. Read more

XE Market Analysis: North America - Oct 15, 2015

By: XE Market Analysis

The dollar posted fresh declines the yen, dollar bloc and the euro, though the latter itself came under some pressure after ECB's Nowotny said that inflation was "clearly" below target. Nowotny's remarks were followed by BoS deputy governor, Nestoy, who said that the ECB may extend QE. Read more

XE Market Analysis: Europe - Oct 15, 2015

By: XE Market Analysis

The dollar has remained on a downer following yesterday's set of soft U.S. data (negative prints in ex-auto retail sales and PPI), lowered guidance by Wall Street bellwether WalMart, and the net neutral Beige Book report on anecdotal economic evidence (for every bright spot in terms of auto sales, wages, etc., there was a dull one in terms of headwinds from the strong dollar, weak energy sector, etc). Read more

XE Market Analysis: Asia - Oct 14, 2015

By: XE Market Analysis

The dollar was under pressure from early in the session, as disappointing PPI and retail sales weighed quickly. EUR-USD eventually traded to better than six-week highs over 1.1460, as USD-JPY traded under 119 for the first time since October 2. The Beige Book reported modest to moderate economic growth, though KC noted a slight decline in activity. Read more

XE Market Analysis: North America - Oct 14, 2015

By: XE Market Analysis

The dollar continued to ebb against its G3 peers, with EUR-USD posting a new three-week peak at 1.1427 and USD-JPY logging a 12-day low at 119.42. There wasn't great impetus in the moves, with a drop in Eurozone industrial production data along with soft inflation numbers out of Spain, Italy and France taking the wind out of the euro's sails. Read more

XE Market Analysis: Europe - Oct 14, 2015

By: XE Market Analysis

All quiet on the forex front, or so it has seemed with the main currencies having settled in narrow ranges since yesterday. Stock markets have declined in Asia, and U.S. equity futures are also pointing south with investors still factoring in yesterday's weak trade data out of China. Read more

XE Market Analysis: Asia - Oct 13, 2015

By: XE Market Analysis

FX trade was fairly light in N.Y. on Tuesday, though retained a softer footing for the most part. A lack of data didn't help conditions, and relatively narrow trading ranges were the rule. EUR-USD failed to reclaim the 1.1400 handle through the session, and found support into 1.1350. Read more

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