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XE Market Analysis: Europe - Aug 14, 2013

By: XE Market Analysis

The G10 FX experienced a holding pattern in quiet trade. Only JPY posted a very modest move higher as the Nikkei experienced profit taking, which left USD-JPY close to 98.00 from the 98.30 area. EUR traded near 1.3250 following Tuesday's downturn amid a broadly firmer dollar tone as U.S. Read more

XE Market Analysis: Asia - Aug 13, 2013

By: XE Market Analysis

The dollar firmed up in N.Y. trade on Tuesday, helped by a stronger ex-autos retail sales outcome, and tame import prices. Equities started out under water, though later recovered on Fed's Lockhart remarks, which seemed to be equivocating a bit more over a September taper, while Treasury yields ticked higher as well. Read more

XE Market Analysis: North America - Aug 13, 2013

By: XE Market Analysis

The dollar held on to a steady to firmer tone throughout the session. The upturn was compounded by a move higher in U.S. yields and USD-JPY firmness. JPY keyed off a 2.43% rally via the Nikkei 225 as the Japanese press tipped a corporate tax cut and led the move from 97.00 to 98.00. Read more

XE Market Analysis: Europe - Aug 13, 2013

By: XE Market Analysis

The dollar traded at firmer levels, with price action supported by a move higher in U.S. Treasury yields. USD-JPY moved into the 97.50 area on a rise in risk appetite amid reports that PM Abe is considering a corporate tax cut, while there were more suggestions that he could also delay the sales tax hike. Read more

XE Market Analysis: Asia - Aug 12, 2013

By: XE Market Analysis

FX Trade was very quiet in N.Y. on Monday, leaving major dollar pairings inside of narrow ranges. A lack of data kept interest muted as well. Treasuries were a bit higher, while Wall Street recovered some from its worst levels. EUR-USD managed a 1.3277 to 1.3312 trading band, as USD-JPY idled inside of 96.90 to 96.40. Read more

XE Market Analysis: North America - Aug 12, 2013

By: XE Market Analysis

The European morning was fairly quiet and typical of thin summer markets. The dollar was higher overall, largely as a consequence of specific flows rather than a fundamental trigger. Demand for USD-JPY was evident as importers put a floor in place under 96.00 in Asia and it extended up through 96.50 in Europe to 96.85. Read more

XE Market Analysis: Europe - Aug 12, 2013

By: XE Market Analysis

The dollar consolidated in narrowly mixed ranges. Most of the action was dominated by JPY movement as Q2 GDP disappointed expectations and slowed to 2.6% y/y versus a downwardly revised 3.8% outturn in Q1. USD-JPY and the crosses fell with domestic stocks, though they backed up during the afternoon after PM adviser Hamada said conditions show that it is not appropriate for the sales tax hike currently. Read more

XE Market Analysis: Asia - Aug 09, 2013

By: XE Market Analysis

The dollar was mixed into the weekend as position adjustment saw more disjointed price action. It moved a bit higher versus the European majors on corrective action. EUR-USD's inability to break 1.3400 fueled light long liquidation and it headed to 1.3350. Read more

XE Market Analysis: North America - Aug 09, 2013

By: XE Market Analysis

The dollar mostly consolidated recent losses, leaving EUR just shy of 1.3400 and Cable around 1.5550 during the European session. USD-JPY showed modest improvement as Asia sentiment benefited from another round of more upbeat China data, leaving it around 96.50. Read more

XE Market Analysis: Europe - Aug 09, 2013

By: XE Market Analysis

It was a quiet session as the G10 FX consolidated Thursday's moves. The dollar extended lower on broad based selling, which lifted EUR close to 1.3400. In Asia, USD-JPY was the main mover after large bids at 95.80 put a floor in place on Thursday. It entered the N.Y. Read more

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