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XE Market Analysis: Europe - Jun 10, 2013

By: XE Market Analysis

A positive for risk appetite is the Nikkei's 5% surge and the subsquent stability in USD-JPY over 98.00. This should set the market up for a steadier trading session, bearing in mind that it was a meltdown in yen-funded carry trades that triggered heavy volatility last week. Read more

XE Market Analysis: Asia - Jun 07, 2013

By: XE Market Analysis

The dollar managed to move higher on Friday in N.Y. dealings, following a slightly better than forecast May employment report. The markets had priced in risks for a weaker NFP outcome, and when that didn't materialize, the dollar, equities, and Treasury yields all rose. Read more

XE Market Analysis: North America - Jun 07, 2013

By: XE Market Analysis

FX markets traded quietly in Europe after the wild moves seen after Thursday's ECB press conference, which was the catalyst for long dollar liquidation and a massive meltdown in yen-funded carry trades. The dollar drifted higher from the European open, mainly due to a lack of interest ahead of the NFP release. Read more

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

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