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The dollar oscillated, dipping against most currencies during the Asia before rebound some during the European AM. EUR-USD met good selling interest following an early London run above 1.2520, subsequently dipping to a 1.2465 low and steadying not far above here thereafter. Read more
The dollar maintained a softer tone that was established after the round of soft data out of the U.S. yesterday, while firm capital expenditure numbers out of Australian aided the greenback lower in the case against the Aussie. EUR-USD saw a narrow range, though managed to recover from a dip below 1.2500. Read more
The dollar was broadly lower in N.Y. trade on Wednesday, as softer data, and ongoing pre-Thanksgiving position squaring kept the unit on the back foot. Firmer jobless claims, softer income and consumption data, and pullbacks in Chicago ISM, Michigan sentiment, and new home sales all contributed. Read more
It seems that every year or so, economists proclaim the US economy has reached “escape velocity” – a pace of self-sustaining growth no longer in need of monetary or fiscal stimulus. And, just as quickly as these pronouncements are made, an outside event sufficiently slows growth to make that prediction moot. Read more
The dollar has been mixed in relatively narrow ranges, firmer against the euro, lower versus sterling and the yen. The biggest mover out of the main currencies has been the Aussie, which dove to new major-trend lows. EUR-USD drifted below 1.2450 as losses seen from the high 1.24s extended. Read more
Narrow ranges have prevailed among the dollar majors. USD-JPY managed to eke out a two-day low at 117.59 after peaking at 117.93 in Tokyo, finding a footing amid reports of Japanese investor demand. EUR-USD posted a 1.2465-84 range, consolidating the gain seen after Monday's low at 1.2362. Read more
Yields slipped a touch, as stocks posted modest gains, and the dollar pulled back fairly broadly in N.Y. trade on Tuesday, despite an upgraded Q3 GDP revision. Pre-Thanksgiving position squaring appeared to be the driving force, though a weaker consumer confidence print weighed on the greenback as well. Read more
This morning the BEA released its revised estimate of Q3 GDP, including the alternate measure of Gross Domestic Income, and also corporate profits. This was the last of three reports that offer us a very good look into the strength of the US economy in 2015. Read more
Consolidation prevailed among the dollar majors. EUR-USD oscillated in the low-to-mid 1.24s, trading firmer following an unexpected improvement in French business confidence to 94 in November from 91. In conjunction with the improvements in the German ZEW and Ifo readings, the data show that the situation is not quite as gloomy as the Eurozone November PMI readings of last week suggested. Read more
The dollar has seen a mixed performance, gaining ground against an underperforming Aussie while losing some ground against the yen, and making fractional gains versus the euro and sterling. The BoJ minutes to November 19 policy decision to boost stimulus substantially revealed mixed views on further stimulus, though many saw the risk of a delay in the end of a deflationary mind-set. Read more
 Hit Escape Velocity&p[url]=/blog/xe-market-analysis/us-economy-appears-have-finally-hit-escape-velocity&p[summary]= It seems that every year or so, economists proclaim the US economy has reached “escape velocity” – a pace of self-sustaining growth no longer in need of monetary or fiscal stimulus. And, just as quickly as these pronouncements are made, an outside event sufficiently slows growth to make that prediction moot.&p[images][0]=//xecommunityassets.s3.amazonaws.com/US GDP_0.jpg){kind=link}
