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XE Market Analysis: Europe - Jun 07, 2013

By: XE Market Analysis

USD-JPY and AUD-USD came back under pressure in Asia as hedge funds and short term specs continued to liquidate carry trade positions. The dollar remained under pressure, though mostly against the yen in Asia after it was crushed in N.Y. trade on Thursday. Read more

XE Market Analysis: Asia - Jun 06, 2013

By: XE Market Analysis

The dollar was crushed in N.Y. trade on Thursday, with the ECB initially driving EUR-USD up on the back of the ECB press conference. Draghi back-peddled to some extent from what looked like a shift towards a more activist policy last week, with no commitment to further policy measures today. Read more

XE Market Analysis: North America - Jun 06, 2013

By: XE Market Analysis

The dollar was broadly lower during the European morning. Ahead of today's BoE policy outcome, Cable moved over 1.5450 amid the recent improvement in U.K. fundamentals, along with expectations of an unchanged policy decision. EUR moved into 1.3130 as market participants await today's ECB outcome. Read more

XE Market Analysis: North America - Jun 06, 2013

By: XE Market Analysis

The dollar was broadly lower during the European morning. Ahead of today's BoE policy outcome, Cable moved over 1.5450 amid the recent improvement in U.K. fundamentals, along with expectations of an unchanged policy decision. EUR moved into 1.3130 as market participants await today's ECB outcome. Read more

XE Market Analysis: Europe - Jun 06, 2013

By: XE Market Analysis

The dollar traded on the softer side against most currencies, although AUD and NZD were the exceptions amid real money selling. Heavy long liquidation continued by macro funds and real money, which triggered an AUD break of 0.9500 and it extended to fresh trend lows of 0.9433. Read more

XE Market Analysis: Europe - Jun 05, 2013

By: XE Market Analysis

Consolidation set in ahead of central bank policy meetings and Friday's NFP data. U.S. stocks closed at softer levels on Tuesday, which set up a defensive tone in Asia, but overall there was no appetite to force a break of the recent range. USD-JPY dipped back below 100.00 as intra-day accounts reacted with disappointment to PM Abe's growth . Read more

XE Market Analysis: Asia - Jun 05, 2013

By: XE Market Analysis

The dollar traded with a softer bias in N.Y. on Wednesday following a softer ADP employment report. Headline non-manufacturing ISM beat expectations, though there too, the employment component was soft, which won't bode well for Friday's official May jobs report. Read more

XE Market Analysis: North America - Jun 05, 2013

By: XE Market Analysis

Consolidation set in ahead of central bank policy meetings and Friday's NFP data. U.S. stocks closed at softer levels in subdued trade on Tuesday, which set up a defensive tone in Asia and Europe, but overall there was no appetite to force a break of range. Read more

XE Market Analysis: Asia - Jun 04, 2013

By: XE Market Analysis

The dollar was marginally higher in N.Y. trade on Tuesday, though activity was choppy, and traded volumes on the light side. The only U.S. data on tap was the April trade report, and the marginally narrower deficit print appeared to help the dollar at the margins. Read more

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