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XE Market Analysis: Asia - Nov 20, 2013

By: XE Market Analysis

The dollar got a boost from an ECB news report in N.Y. on Wednesday, taking EUR-USD from near 1.3550 to lows near 1.3435. Intra-day accounts got caught long of EUR-USD after ECB is said to weigh a -0.1% deposit rate if more easing is needed. Elsewhere, the greenback was dragged higher versus the pound, yen and Swiss franc as well. Read more

Yellen's Benchmarks

By: HaleStewart

Last week, Janet Yellen testified before Congress as part of the confirmation process. Her opening statement was short. However, there are some key data points contained within it that deserve to be highlighted: Today the economy is significantly stronger and continues to improve. Read more

XE Market Analysis: North America - Nov 20, 2013

By: XE Market Analysis

The dollar eased overnight as Fed Chairman Bernanke maintained his commitment to policy accommodation in a speech after the N.Y. close. Kneejerk dollar selling in early Asia lifted EUR towards 1.3580 and USD-JPY dipped just under 100.00, though prices backed up over the course of the session and the dollar was fairly stable in Europe. Read more

XE Market Analysis: Europe - Nov 20, 2013

By: XE Market Analysis

The dollar eased as Fed Chairman Bernanke maintained his commitment to policy accommodation in a speech after the N.Y. close. Kneejerk dollar selling in early Asia lifted EUR towards 1.3580 and USD-JPY dipped just under 100.00, though prices backed up over the course of the session, leaving prices largely net unchanged. Read more

XE Market Analysis: Asia - Nov 19, 2013

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Tuesday, though activity was light overall, and ranges narrow and familiar. The euro posted gains, though continued to struggle over the 1.3500 mark, while USD-JPY edged back over 100.25, where option and Exporter backed sellers were parked. Read more

XE Market Analysis: North America - Nov 19, 2013

By: XE Market Analysis

The dollar maintained a holding pattern overall. There was a brief period of price chop that led to kneejerk dollar selling after a MNI interview with PBoC Governor Zhou, though moves were not sustained. Zhou said China will move forward with market liberalisation, which will mean an end to FX intervention, wider yuan trading bands and eventually a floating currency. Read more

XE Market Analysis: Europe - Nov 19, 2013

By: XE Market Analysis

The dollar maintained a holding pattern , leaving EUR close to 1.3500, Cable near 1.6100 and USD-JPY just under 100.00. Demand for JPY picked up as equity markets in Asia were mixed to lower after Monday's late U.S. equity market drop. Japan's Economy Minister Amari said Japan is eyeing a new Y5 tln stimulus package, though it will not be funded with new bond issues. Read more

XE Market Analysis: Asia - Nov 18, 2013

By: XE Market Analysis

The dollar was soft through much of the morning session, though regained some composure after the London close. TIC outflows and softer house builders sentiment had marginally negative impact on the greenback. Initial comments from the Fed's Dudley painted a rosier picture for the U.S. Read more

XE Market Analysis: North America - Nov 18, 2013

By: XE Market Analysis

The dollar consolidated. The EUR was slightly firmer intra-day, leaving it near 1.3500 as last week's dovish Yellen remarks continue to reverberate, while USD-JPY backed from 100.50 barriers as Japanese corporate flows picked up. The market welcomed China's ground breaking reforms, which covered 60 different points and included an end to the one-child policy. Read more

XE Market Analysis: Europe - Nov 18, 2013

By: XE Market Analysis

The dollar consolidated in Asia. The EUR was slightly firmer intra-day, leaving it near 1.3500 as last week's dovish Yellen remarks continue to reverberate, while USD-JPY backed away from over 100.00 as Japanese corporate flows picked up. The market welcomed China's ground breaking reforms, which covered 60 different points and included an end to the one-child policy. Read more

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