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XE Market Analysis: North America - Feb 02, 2018

By: XE Market Analysis

The dollar has been directionally mixed since the FOMC earlier this week, gaining mostly notably versus the yen, and the Australian dollar, but losing ground to the main European currencies, including the euro, sterling and Swiss franc. The dollar has also been somewhat mixed against developing-world currencies. Read more

XE Market Analysis: Asia - Feb 01, 2018

By: XE Market Analysis

The dollar was dented by a weak productivity print, though did not recover in the aftermath of a good manufacturing ISM and solid construction spending. EUR-USD bottomed at 1.2343, before rallying to 1.2498 highs. USD-JPY trade to 109.24 lows, though found some support as Wall Street recovered. Read more

XE Market Analysis: North America - Feb 01, 2018

By: XE Market Analysis

The yen and Australian dollar came under pressure, while the dollar traded steady-to-softer versus most other currencies. USD-JPY has forayed to a one-week high of 109.75, extending the recovery from last week's four-month low at 108.28. Yen crosses also gain, with EUR-JPY, for instance, up by 0.7% in the early London PM session. Read more

XE Market Analysis: Europe - Feb 01, 2018

By: XE Market Analysis

The has dollar has traded firmer in the wake of yesterday's FOMC announcement, which brought the expected no-change decision in policy settings but was accompanied by upgrades in the Fed's growth and inflation projections. The narrow trade-weighted USD index (DXY) is up 0.6% from four-session yesterday's low at 88.78, logging a high of 89.31. Read more

XE Market Analysis: Asia - Jan 31, 2018

By: XE Market Analysis

Trade was quiet ahead of the FOMC, though the dollar did perk up some on pre-Fed short covering, helped by a stronger than expected ADP jobs report. The dollar chopped around inside a narrow range after the FOMC announcement, before steadying unchanged to a bit higher after the dust had settled. Read more

XE Market Analysis: Dollar on Course for Biggest Monthly Loss in 2 Years

By: xemarketanalysis

OVERVIEW GBP weakens as the EU says no to special financial services deal. EUR supported by stronger core inflation data. ADP reports 234k jobs were added in the private sector last month. UK consumer confidence rises unexpectedly, outlook still soft. AUD slips after inflation weaker than forecast. BoJ signals no immediate end to stimulus. HIGHLIGHT The struggling US Dollar is on track to post its biggest monthly decline in nearly two years as investors ramp up bets that a continued hawkish stance from the Federal Reserve won’t support the Greenback against the backdrop of a pickup in global growth. Read more

XE Market Analysis: North America - Jan 31, 2018

By: XE Market Analysis

The dollar rebounded during the London AM session after coming under pressure during in Asia, with the looming Fed announcement serving to inspire position trimming, quelling trend following. The USD index (DXY) recovered to 88.98 after logging a three-session low at 88.82. Read more

XE Market Analysis: Europe - Jan 31, 2018

By: XE Market Analysis

The dollar has been trading with a heavy bias amid a backdrop of mostly firming stock markets in Asia, though has remained well off recent trend lows. EUR-USD logged a three-session high at 1.2450, and USD-JPY ebbed to an intraday low of 108.62 after peaking at 109.09 in the Tokyo session. Read more

XE Market Analysis: Asia - Jan 30, 2018

By: XE Market Analysis

After opening under some pressure, the greenback made a bit of a comeback later in the session, rising against the yen and dollar after Bloomberg reported further comments from Treasury Secretary Mnuchin on the dollar. In congressional testimony, Mnuchin reportedly said he was not trying to jawbone the dollar lower, reiterating his CNBC comments from Friday, where he said he supports free FX markets, and that he supports a strong dollar for long term U.S. Read more

XE Market Analysis: EU GDP Keeping Up with US Growth Levels

By: xemarketanalysis

OVERVIEW US consumer confidence improves in January. The British economy is performing better than expected. ECB's caution warranted as German inflation remains lackluster. HIGHLIGHT Q4 GDP from the EU was in line with expectations at 0.6%, allowing year-over-year growth to reach 2.7%, demonstrating that the recent positive momentum in the EU economy is allowing them to keep up with the growth rates in the US. US DOLLAR The Dollar remains volatile as we head into the month end flows of the FX markets. Read more

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