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XE Market Analysis: Europe - Oct 26, 2018

By: XE Market Analysis

The Yen has traded with a firming bias while the Australian Dollar and other Dollar bloc currencies have underperformed amid fresh risk aversion in global markets. USD-JPY has drifted to the lower 112.0s, approaching the 11-day low seen on Wednesday at 111.82, while EUR-JPY ebbed to a two-month low and AUD-JPY to a fresh six-week low, reflecting renewed safe haven demand for the Japanese currency as stock markets in Asia, and U.S. Read more

XE Market Analysis: Asia - Oct 25, 2018

By: XE Market Analysis

The Dollar index peaked at 96.71, its highest since August 16 in N.Y. on Thursday. Incoming data had little impact, though risk-taking levels improved, allowing Wall Street to rally, which largely helped the Greenback. EUR-USD fell on a dovish leaning Draghi, leaving the pairing at 1.1359 lows. Read more

XE Market Analysis: Brexit Fears Sink Sterling, US Dollar Rises

By: xemarketanalysis

OVERVIEW Sterling sinks on renewed fears of no-deal Brexit following warnings from Europe's Central Bank president European and Asian stock markets struggle to recover, Wall Street follows suit Bank of Canada delivers expected interest rate hike HIGHLIGHT Though UK Prime Minister Theresa May was able to gather support from Britain's parliament in today's session, European Central Bank President Mario Draghi doused enthusiasm in the Pound by saying the longer Brexit talks drag on, the higher the possibility of Britain will have to deal with the grim realities of a no-deal Brexit when March 2019 draws to a close. Read more

XE Market Analysis: North America - Oct 25, 2018

By: XE Market Analysis

The Dollar has traded on a soft tack, while the Yen, after gaining during the Asian session, corrected against most currencies as European stock markets and U.S. equity index futures found some bargain-hunting demand after the rout. EUR-USD has settled to a narrow orbit of the 1.1400 level, with the pair consolidating after printing a two-month low yesterday at 1.1378. Read more

XE Market Analysis: Europe - Oct 25, 2018

By: XE Market Analysis

The Dollar has traded softer and the Yen has outperformed on a safe haven bid amid a backdrop of hefty global stock market losses. The USD index (DXY), which has rallied quite strongly over the last week and a half, is presently showing a decline of 0.2%., at 96.24, extending the correction from yesterday's two-month high at 96.53. Read more

XE Market Analysis: Asia - Oct 24, 2018

By: XE Market Analysis

The Dollar index rallied to two-month highs of 96.53 in N.Y. on Wednesday, as safe-haven buying again stepped in as a result of another Wall Street sell-off. Flash U.S. PMIs were stronger, though were offset some by weak new home sales figures. EUR-USD bottomed at 1.1380, while USD-JPY was range bound in the lower 112's. Read more

XE Market Analysis: North America - Oct 24, 2018

By: XE Market Analysis

The Euro came under pressure following disappointing flash PMI estimates out of the Eurozone. EUR-USD declined by over 0.5% in posting a 1.1403, which is a two-month low. EUR-JPY fell by 0.5% on route to a six-week low, while EUR-CHF has pegged a two-week low at 1.1373. Read more

XE Market Analysis: Europe - Oct 24, 2018

By: XE Market Analysis

Narrow ranges have prevailed so far today among the main currencies. USD-JPY edged out a two-day high of 112.63, with the pair maintaining a broadly sideways track that's been seen for nearly two weeks now. EUR-USD has seen a modest softening bias, with the pairing etching out an intraday low at 1.1455 after closing out in New York yesterday at 1.1470-71, remaining comfortably above yesterday's three-day low at 1.1439.Cable has been seeing a similar price action to EUR-USD, holding in the upper 1.2900s, above the three-week low that was printed yesterday at 1.2937, with markets remaining wary about reports that the EU is softening to May's idea for the so called 'all-UK' customs deal. Read more

XE Market Analysis: Asia - Oct 23, 2018

By: XE Market Analysis

The Dollar came under some pressure in N.Y. on Tuesday, weighed down by a sharp sell-off in global equity markets. The DXY fell to 95.82 from overnight highs of 96.15. EUR-USD topped at 1.1493 after touching 1.1450 lows, while USD-JPY dipped briefly under 112.00 before bouncing to near 112.30. Read more

XE Market Analysis: Risk-off Sentiment is Causing Havoc in Equity Markets, Boosting Safe-haven Yen

By: xemarketanalysis

OVERVIEW The US Dollar is mixed and moves off of its two-month high Tensions between the EU and Italy continue to exert pressure on the common currency NYMEX WTI Crude drops to a 1 month low, down 2.28% to $67.75. HIGHLIGHT Global equity markets are under heavy selling pressure today with the safe-haven Japanese Yen a top G-10 performer. Read more

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