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XE Market Analysis: North America - Jul 09, 2013

By: XE Market Analysis

The USD, JPY and CHF moved lower in early trade as intra-day accounts responded to a rise in risk appetite. Asia markets benefited from yesterday's earnings report from Alcoa and a reduction in Eurozone risks as Greece got the go ahead to receive the next bailout tranche. Read more

XE Market Analysis: Europe - Jul 09, 2013

By: XE Market Analysis

The FX majors continued to trade in tight ranges in another session of consolidation. EUR traded just ahead of 1.2850, Cable was close to 1.4950 and USD-JPY traded around the 101.00 region. China released the first batch of its monthly data releases. Both the June CPI and PPI readings came in close to market expectations at 2.7% y/y and -2.7% y/y, respectively. Read more

XE Market Analysis: Asia - Jul 08, 2013

By: XE Market Analysis

FX trade was very quiet in N.Y. on Monday, with ranges generally narrow. This said, the greenback did lose modest ground, with EUR-USD edging toward 1.2880 from 1.2840, and USD-JPY slipping under 100.80 from highs near 101.20. The modest pullback in Treasury yields may have weighed down the greenback to an extent, though some paring of long positions was noted following last Friday's dollar gains. Read more

XE Market Analysis: North America - Jul 08, 2013

By: XE Market Analysis

Risk appetite in Europe was positive after weak sentiment in Asia. Early activity was influenced by news that Greece are likely to reach a deal with its creditors in order to receive the next bailout tranche. Markets still benefited from last week's dovish policy bias from the ECB and BoE, while Friday's U.S. Read more

XE Market Analysis: Europe - Jul 08, 2013

By: XE Market Analysis

The dollar held on to Friday's strong gains following the U.S. NFP release, which underpinned expectations that the Fed could begin to taper policy from September. This left EUR close to 1.2800, while Cable headed back below 1.4900 and USD-JPY was supported over 101.00. Read more

XE Market Analysis: Asia - Jul 05, 2013

By: XE Market Analysis

The dollar surged higher in N.Y. trade on Friday, following a better than expected June jobs report. The U.S. added 195k jobs, handily beating 165k forecasts, while back month upwardly revised data helped as well. The dollar steadied following its post-jobs rally, though remained near session highs versus most majors through the session. Read more

XE Market Analysis: North America - Jul 05, 2013

By: XE Market Analysis

The impetus for FX markets still came from yesterday's BoE and ECB rate decisions. Both banks left policy unchanged, but decided to move to forward policy guidance. EUR and GBP added to Thursday's losses, moving through support at 1.2880 and 1.5000, respectively. Read more

XE Market Analysis: Europe - Jul 05, 2013

By: XE Market Analysis

The impetus for Asia FX came from yesterday's BoE and ECB rate decisions. Both banks left policy unchanged, but decided to move to forward policy guidance. EUR and GBP maintained a heavy tone after they fell sharply to carve out five week lows against the USD. Read more

XE Market Analysis: Asia - Jul 04, 2013

By: XE Market Analysis

The impetus for FX markets came from the BoE and ECB rate decisions. Both banks left policy unchanged, but decided to move to forward policy guidance. EUR and GBP fell sharply to carve out five week lows against the USD as it benefited from a default bid. Read more

XE Market Analysis: North America - Jul 04, 2013

By: XE Market Analysis

FX markets are in a holding pattern ahead of today's policy outcome from the BoE and ECB. Both central banks are expected to keep policy unchanged, but the ECB is likely to be more of a market mover amid the accompanying press conference from Draghi. He is likely to reiterate the ECB's accommodative policy stance, which may be timely given the rising eurozone risks this week. Read more

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