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XE Market Analysis: Asia - May 23, 2019

By: XE Market Analysis

The Dollar index rallied to two-year highs in early N.Y. trade on Thursday, with gains coming on the back of safe-haven flows into the Dollar as a result of ongoing trade war concerns. Weakness in May flash manufacturing and services PMIs later prompted a sharp round of profit taking related USD selling, resulting in the DXY's fall to one-week lows. Read more

XE Market Analysis: The Market Prefers the Mild Flavour of Safe Haven Currencies to Spicy Trade Tensions

By: xemarketanalysis

OVERVIEW The US Dollar is struggling to hang onto recent gains near a 24-month high against the major currencies. Soft PMI reading puts the Euro under pressure, down by 0.4% on the day Read more

XE Market Analysis: North America - May 23, 2019

By: XE Market Analysis

The Dollar has traded firmer against most currencies fo far today, with the exceptions of the Yen and Swiss Franc, which outperformed on a rekindled safe-haven bid as European and Asian stock markets, and U.S. equity index futures, turned quite sharply lower. Read more

XE Market Analysis: Europe - May 23, 2019

By: XE Market Analysis

The main currencies have traded with limited directional bias, on net, so far today. The FOMC minutes weren't perhaps quite as dovish as some market participants were anticipating, which inspired a modest rise in the dollar. The minutes showed that "many" believe downside risks had abated, and that low inflation was likely "transitory," though "several" worried that low inflation expectations could become anchored. Read more

XE Market Analysis: Asia - May 22, 2019

By: XE Market Analysis

A lack of data, and relatively uneventful risk-backdrop saw the Dollar dip in early trade, then recover to near unchanged into the close. EUR-USD ranged between 1.1180 and 1.1151,ending near 1.1160. USD-JPY was range bound settling near 110.35, while USD-CAD rallied to 1.3435 on weaker oil prices, after bottoming at 1.3358 following strong Canada retail sales. Read more

XE Market Analysis: “New Brexit” Deal Tastes like Same Old Wine in a New Bottle, Souring GBP

By: xemarketanalysis

OVERVIEW The Dollar Index under pressure this morning down 0.1%, as trade tensions escalate British pound touches new four-month low as MPs criticise the “new” deal Read more

XE Market Analysis: North America - May 22, 2019

By: XE Market Analysis

The Dollar has lost traction after the Fed's Bullard said that a rate cut may be in order if inflation continues to disappoint. There are also expectations for today's release of FOMC minutes to evidence a shift to an overall more dovish stance, including suggestions to slacken inflation targeting. Read more

XE Market Analysis: Europe - May 22, 2019

By: XE Market Analysis

The main currencies have been trading narrow ranges for the most part so far today. Two exceptions: NZD-USD, which extended recent declines in posting a fresh seven-month low at 0.6493, and the Pound, which printed new four- and three-month lows against the Dollar and Euro, respectively. Read more

XE Market Analysis: Asia - May 21, 2019

By: XE Market Analysis

The Dollar was steady to higher in morning trade in N.Y. on Tuesday, showing little response to softer exiting home sales data. USD-JPY was firm on risk-on conditions, rising to 110.67, up from under 110.10 into the open. EUR-USD was steady between 1.1145 and 1.1160 through much of the morning, but was later dragged to 1.1188 highs on Brexit news, following PM May offering Parliament a vote on a second referendum. Read more

XE Market Analysis: The Australian Dollar is Wobbly after Dovish Comments from RBA

By: xemarketanalysis

OVERVIEW The Dollar Index is near a 12-month high as the market remains cautious The British pound slides below 1.27 handle despite reassurances from PM May that her Brexit Deal contains new “significant aspects” Read more

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