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XE Market Analysis: North America - Feb 28, 2019

By: XE Market Analysis

The Dollar has traded mostly weaker, showing losses of 0.4% against the Euro, 0.8% to the Swiss Franc, which has been the day's outperformer, and a 0.2% advance on the Yen. The U.S. currency fared better against Sterling, which corrected some of its recent strong gains against most currencies, and the Dollar bloc currencies, which have been under some pressure amid a risk-off backdrop in global markets. Read more

XE Market Analysis: Europe - Feb 28, 2019

By: XE Market Analysis

Both the Yen and Swiss Franc have firmed up into the London interbank session, with both registering as the strongest currencies on the day so far with respective gains of 0.2% and 0.4% against the Dollar. This saw USD-JPY print a low at 110.69, while USD-CHF hit a four-week low at 0.9970, reportedly triggering sell stop-loss orders on the break back below parity. Read more

XE Market Analysis: Asia - Feb 27, 2019

By: XE Market Analysis

The Dollar ticked higher in N.Y. on Wednesday, taking the DXY from trend lows of 95.88 seen into the open, later peaking at 96.19. It appeared some USD buying stepped in on a lack of encouraging U.S.-China trade news, resulting an uptick in safe-haven flows, along with firmer Treasury yields. Read more

XE Market Analysis: Sterling Continues to Surge Higher

By: xemarketanalysis

OVERVIEW Sterling hits a 5-month high against the US dollar in early trading The US dollar is weaker after the Fed chairman's dovish testimony is set to continue today Read more

XE Market Analysis: North America - Feb 27, 2019

By: XE Market Analysis

The Dollar has extended the weakening streak put in place by Fed chair Powell's "no rush to make a judgement" testimony yesterday. EUR-USD jumped back above 1.1400, testing yesterday's three-week high at 1.1402. The U.S. currency posted concurrent losses against the Pound, Yen, Canadian Dollar and most other currencies. Read more

XE Market Analysis: Europe - Feb 27, 2019

By: XE Market Analysis

The Dollar has steadied after posting three-week lows in the wake of Fed chair Powell's Senate testimony, which affirmed dovish-leaning on-hold policy guidance. The narrow trade-weighed USD index printed a post-Powell low at 95.95, the first time below 96.0 since February 5, before setting around 96.10-15; levels which are still about 1.3% below the mid-February highs. Read more

XE Market Analysis: Asia - Feb 26, 2019

By: XE Market Analysis

The Dollar eased in N.Y. on Tuesday, taking the DXY to 95.97 lows, from highs of 96.46. Mixed U.S. data had an impact on the Greenback, with weak housing starts weighing on the USD, and stronger consumer confidence supporting. Fed chair Powell revealed no surprises in his congressional testimony, making it clear the Fed was on hold, and awaiting incoming data. Read more

XE Market Analysis: Fed Chair Powell Expected to Preach the Gospel of Patience from the Hill.

By: xemarketanalysis

OVERVIEW The US dollar Index is slightly lower as market avoids heavy bets ahead of Powell’s testimony. The British pound puts in a strong performance, on renewed hopes of a better and orderly Brexit. Read more

XE Market Analysis: North America - Feb 26, 2019

By: XE Market Analysis

The Dollar has traded mixed so far today, gaining versus underperforming Dollar bloc currencies while losing ground to the Yen and, more especially, the Pound. Cable punched above 1.3200 for the first time since late January, while EUR-GBP dove to one-month low terrain with the UK prime minister reportedly shifting position to provide a route to a delay in the Brexit process should her Withdrawal Agreement ultimately fail in parliament. Read more

XE Market Analysis: Europe - Feb 26, 2019

By: XE Market Analysis

The Pound has rallied on UK PM May's reported pivot on Brexit amid reports that she will offer a route to delay the Brexit process beyond March 29. The BBC reports that about a dozen ministers have threatened to resign unless this happens. Sterling, which has been trading at a significant discount since the vote to leave the EU in June 2016, is showing a 0.4% gain on the day against both the Dollar and Euro, although a little off its highs. Read more

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