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XE Market Analysis: North America - Aug 28, 2018

By: XE Market Analysis

The Dollar has continued to trade with a softening bias. The USD index (DXY) posted a four-week low at 94.61 while EUR-USD concurrently lifted to four-week highs just above 1.1700. The U.S. currency also posted losses against a slew of other currencies, including making a six-week low versus Sterling. Read more

XE Market Analysis: Europe - Aug 28, 2018

By: XE Market Analysis

Both the Dollar and Yen had recouped from losses that were seen during the Tokyo AM session although the magnitude of movement has been relatively limited overall. The USD index (DXY) edged out a four-week low at 94.68 before recovering above 94.85, while EUR-USD printed a four-week high at 1.1697 before correcting to the 1.1665-70 area. Read more

XE Market Analysis: Asia - Aug 27, 2018

By: XE Market Analysis

The Dollar index sold off to three-week lows of 94.69 in N.Y. trade on Monday, with the sell-off coming on the announcement of a new trade deal between the U.S. and Mexico. The USD was pressured by the reversal of safe-haven flows which were seen during the ramping up of trade tensions between the U.S. Read more

XE Market Analysis: US and Mexico Have a New Trade Deal, Eh?

By: xemarketanalysis

OVERVIEW Dollar Index is in negative territory as we open the final week of August. White House announces the end of NAFTA after a new deal with Mexico. Commodities still hot; Gold moves up to $1,210 and WTI consolidating near $69 a barrel. HIGHLIGHT The Mexican Peso is a star EM performer after US President announced that the two countries have reached a new trade agreement. Read more

XE Market Analysis: North America - Aug 27, 2018

By: XE Market Analysis

The Dollar majors settled in narrow ranges during a London-less European AM session after the U.S. currency had rebounded some after posting fresh losses against the Euro and some other currencies during the early Asia-Pacific session. The USD index (DXY) was near flat, at 95.17, as of the late morning in Europe having lifted out of a three-session low at 95.00, which was seen in early Asia. Read more

XE Market Analysis: Europe - Aug 27, 2018

By: XE Market Analysis

The Dollar has rebounded some after posting fresh losses against the Euro and some other currencies during the early Asia-Pacific session. Markets have continued to digest the slightly more dovish than expected speech by Fed Chairman Powell on Friday, where he stuck to the "policy gradualism" script with regard to tightening. Read more

XE Market Analysis: Asia - Aug 24, 2018

By: XE Market Analysis

The dollar pulled back in N.Y. trade on Friday morning, after Fed chief Powell said "gradualism" was the way to go as far as policy adjustments are concerned. This saw yields stumble as well. The DXY fell from opening highs of 95.41, to print 95.04 lows before steadying. Read more

XE Market Analysis: The Aussie Boomerangs from Down Under as Morrison Wins the Musical PM Chair

By: xemarketanalysis

OVERVIEW The Dollar Index is poised to close in negative territory for the second week in a row. USD and CAD are confined to a tight trading range. Commodities are hot; Gold stays $1,200 and WTI flirts with $70 a barrel. HIGHLIGHT The Swedish Krona has been under intense pressure this month. Read more

XE Market Analysis: North America - Aug 24, 2018

By: XE Market Analysis

The USD index (DXY) is set for its biggest weekly drop since February, even though rebounding some yesterday. The index, which is a nominal trade-weighted measure of the dollar comprised by a basket of six currencies, and which inversely correlates with EUR-USD direction, is presently at 95.52, down by over 1.5% from the 14-month high that was logged on August 15 at 96.98. Read more

XE Market Analysis: Europe - Aug 24, 2018

By: XE Market Analysis

Yen underperformance, Dollar softness and Aussie Dollar outperformance have been the main themes in Asian markets into the London interbank opening, along with a side-theme of Euro firmness. The Japanese currency came under pressure following the release of Japanese inflation data, which showed the BoJ-watched national core CPI figure coming in at a benign 0.8% y/y clip, the same rate as June and disappointing the median forecast for a 0.9% reading. Read more

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