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XE Market Analysis: Europe - Nov 02, 2017

By: XE Market Analysis

The dollar has traded softer following reports run by MarketWatch and Bloomberg saying that Fed Governor Powell will be nominated to the Fed Chairmanship position later on Thursday. Powell is seen as one of the more dovish candidates for the top job at the Fed, similar to Yellen. Read more

XE Market Analysis: Asia - Nov 01, 2017

By: XE Market Analysis

The dollar was range bound ahead of the FOMC announcement, though a decent ADP jobs report kept a floor under the unit. The greenback rose a bit, then fell, then rose again following the Fed announcement, where policy was left unchanged, as expected, and the statement was unremarkable. Read more

XE Market Analysis: North America - Nov 01, 2017

By: XE Market Analysis

EUR-USD has continued to gravitate around the 1.1630-40 area. The pair remains some 50 pips up on the lows seen in early trade yesterday, with some of the Catalonian risk discount having since unwound some. EUR-GBP has traded into one-month low territory, driven by pound outperformance ahead of the BoE's expected rate hike this week, while EUR-CHF, in contrast, has lifted into three-session high terrain, with the Swiss franc concomitantly weakening as Catalonia risk continues to be priced out. Read more

XE Market Analysis: Europe - Nov 01, 2017

By: XE Market Analysis

The dollar has been trading mixed so far today, losing ground to an outperforming pound, holding net steady versus the euro while gaining on the yen. The pound traded firmer for a third consecutive day, logging a near-two-week high versus the dollar, at 1.1.3292 and a one-month high against the euro. Read more

XE Market Analysis: Asia - Oct 31, 2017

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Tuesday, with the dollar putting in a mixed performance. Incoming U.S. data was somewhat supportive of the greenback, as both Chicago PMI and consumer confidence were better than expected. The doolar lost some ground to the euro and pound, though posted gains versus the yen and CAD. Read more

XE Market Analysis: The Pound Continues to March Towards Thursday

By: xemarketanalysis

OVERVIEW The Canadian Dollar has slipped today after GDP growth is reported at -0.1%. Sterling spiked higher on positive Brexit negotiation tone from Europeans. Dollar stable despite political turmoil around Trump ex-staff member. HIGHLIGHT The Pound is still the major currency of choice as we head closer to the outcome of the Bank of England MPC meeting on Thursday. Read more

XE Market Analysis: North America - Oct 31, 2017

By: XE Market Analysis

The dollar has traded mixed so far today, losing moderate ground to the euro and sterling, among other currencies, while lifting out of a two-day low in the case against the yen. In the U.S., political intrigue along with the announcement, promised to be made tomorrow, of the new Fed chair, will remain focal points for markets. Read more

XE Market Analysis: Europe - Oct 31, 2017

By: XE Market Analysis

The euro rally of yesterday has run out of puff, with EUR-USD settling around 1.1630-40, below the 1.1657 high, while EUR-JPY has remained heavy, near yesterday's 131.45 low. The yen, meanwhile, remains underpinned despite dovish guidance from the BoJ. Read more

XE Market Analysis: Asia - Oct 30, 2017

By: XE Market Analysis

Stocks, yields and the dollar were all lower in N.Y. on Monday, with upcoming events and data keeping the markets nervous overall. The FOMC meeting kicks off on Tuesday, while an announcement on who the next Fed chief will be could come anytime this week. Read more

XE Market Analysis: British Pound on The Rise Ahead of BoE Meeting

By: xemarketanalysis

OVERVIEW USD is weaker as Trump's former campaign manager was indicted. The EUR is stable at lower levels, as the EZ economic sentiment improves. CAD is soft as the market awaits GDP and jobs data. HIGHLIGHT The British Pound has risen to a 4-week high versus the Euro as markets bet on the Bank of England raising rates by 0.25% when they meet on Thursday. Read more

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