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XE Market Analysis: Europe - Jul 30, 2013

By: XE Market Analysis

The USD held firm in Asia, following the tone established yesterday during the European and North American sessions as the market adjusted in the face of important upcoming risk events, which include policy meetings of the Fed, ECB and BoE, and the U.S. Read more

XE Market Analysis: Asia - Jul 29, 2013

By: XE Market Analysis

FX trade was very lethargic in N.Y. on Monday, with major dollar pairings mired inside very narrow ranges. Focus has shifted to risk events later this week, which include the FOMC, ECB, and BoE meetings, along with the key July U.S. employment report on Friday. Read more

XE Market Analysis: North America - Jul 29, 2013

By: XE Market Analysis

USD-JPY sank to a fresh one-month low after a risk-off seen in Asia, which supported the yen, while the high-beta Australian currency weakened. The MSCI Asia equity index posted over a 1.6% loss following weak data and corporate earnings leads, though European stocks managed to gain, aided by strong Italian business confidence, which following last week's strong Eurozone PMI data. Read more

XE Market Analysis: Asia - Jul 26, 2013

By: XE Market Analysis

The dollar stayed under pressure in N.Y. dealings on Friday, as the market unwound risk into the weekend. EUR-USD traded near 1.3300, though solid offers at the figure contained the upside. USD-JPY moved briefly under 98.00, as USD-CHF moved under 0.9300. Read more

XE Market Analysis: North America - Jul 26, 2013

By: XE Market Analysis

The dollar traded on the heavy side throughout the European morning. It faded lower on Thursday and got added traction into the N.Y. close amid the latest piece from WSJ's Hilsenrath. He suggested that the Fed will continue with the current rate of bond buying and could refresh its forward guidance policy message next week. Read more

XE Market Analysis: Europe - Jul 26, 2013

By: XE Market Analysis

The dollar remained heavy in Asia following Thursday's losses. In N.Y. the dollar faded on weaker than expected data. However, stocks still closed at firmer levels, though this did not carry into Asian markets, which struggled. The Nikkei fell sharply as USD-JPY broke 99.00. Read more

XE Market Analysis: Asia - Jul 25, 2013

By: XE Market Analysis

FX activity was very light in N.Y. on Thursday, though the dollar faded fairly broadly through the session. Firmer weekly jobless claims and flat non-transport durables weighed on risk taking levels, resulting in a weaker greenback, and softer equities in morning trade. Read more

XE Market Analysis: North America - Jul 25, 2013

By: XE Market Analysis

The dollar ended the European session on a slightly firmer footing as equity markets fell, which provided light support for JPY and CHF, respectively. The EUR maintained levels close to 1.3200. It only received brief support from German Ifo, which rose slightly. Read more

XE Market Analysis: Europe - Jul 25, 2013

By: XE Market Analysis

It was a quiet session in Asia. The dollar held steady after yesterday's pick up in U.S. yields. The 10-year benchmark rose in Asia to 2.607%, which supported the dollar on dips and left EUR close to 1.3200 and USD-JPY close to 100.00. AUD-USD remained heavy following the stop hunt below 0.9180 after yesterday's European close and it extended to 0.9130 overnight. Read more

XE Market Analysis: Asia - Jul 24, 2013

By: XE Market Analysis

The dollar added marginally to early gains after the firmer flash PMI and new home sales outcomes, taking EUR-USD to 1.3200 lows, and filling the post-German PMI release "gap" up over 1.3250. USD-JPY traded on a firmer footing over 100.25, supported by elevated Treasury yields. Read more

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