Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
The dollar maintained its month-end bid during the Asian session and ahead of today's FOMC, which is likely to be uneventful in respect of policy developments. However, market participants will be interested to see how the Fed views the U.S. government shutdown and the potential impact on Q4 growth. Read more
The dollar was choppy in N.Y. trade on Tuesday, with liquidity at a premium into Wednesday's FOMC meeting. U.S. economic data was mixed, with headline PPI a touch cooler, along with softer headline retail sales. Consumer confidence took a hit after the federal government shutdown, though housing prices firmed up per the Case-Shiller index. Read more
Today, the Reserve Bank of India raised interest rates an additioinal 25 basis points. To place this decision in context, consider the following three charts: Read more
The dollar maintained a supportive tone overnight, which was reportedly due to month-end related demand and forced EUR towards 1.3750 and left Cable under 1.6100. European trade was relatively quiet. The only notable data releases were U.K. mortgage approvals, which hit five year highs. Read more
The dollar maintained a supportive tone overnight. Activity in Asia was dominated by a sharp drop in AUD-USD, which encouraged EUR-USD selling and relatively heavy selling in Cable. The trigger for AUD were comments from RBA Governor Stevens, who said that AUD was likely to be materially lower in the future and also gave a fairly subdued economic outlook. Read more
The dollar was mostly higher in N.Y. trade on Monday, though ranges were narrow, and overall activity light. U.S. data was mixed, as industrial production beat estimates, while pending home sales data dipped. The markets appeared to start gearing up for Wednesday's FOMC announcement, though the outcome may well be a non-event giving the slim-to-none prospects for Fed tapering at this meeting. Read more
The dollar consolidated overnight just ahead of recent trend lows, leaving EUR near 1.3800, Cable close to 1.6200 and USD-JPY at 97.50. The macro leads were limited and the focus is already on Wednesday's FOMC decision, which could prove to be an non event amid the U.S. Read more
The dollar consolidated overnight just ahead of recent trend lows, leaving EUR near 1.3800, Cable just under 1.6200 and USD-JPY at 97.50. The macro leads were far and far between in Asia and the focus is already on Wednesday's FOMC decision, which could prove to be an non event amid the U.S. Read more
Last week we had important data released from most of the major world economies.Let's start with the Markit EU composite index, which dropped from its 27 month high of 52.2, but still printed a positive 51.5. Overall, the numbers coming out of the EU continue to point to an improving, albeit it still fragile, recovery. Read more
- by New Deal democratMonthly government data reporting resumed this week. Most importantly, 148,000 jobs were added in September. The unemployment rate declined to 7.2%. Hourly earnings increased 0.1%.In other reports, construction spending of all types increased. Read more
