Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
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
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
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
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
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
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
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
The dollar extended losses as intra-day accounts keyed off a weak technical backdrop. The USD index posted a sustained move under the 200-dma on Wednesday and this fueled a break below 81.00. A light U.S. data/event calendar left the focus on risk assets. Read more
The dollar added to recent losses in Europe. USD-JPY fell to 96.10 lows and was the catalyst for a EUR-USD move to 1.3368 highs in early trade. Follow through was limited by sovereign selling, while USD-JPY also met very strong bids from trust banks, which kept the dollar within a tight range. Read more
The dollar consolidated losses in Asia, leaving EUR firmly over 1.3300, while USD-JPY remained heavy around the mid-96 region as offers at 97.00 capped. AUD-USD posted strong gains as much better than expected China trade numbers boosted the pair from 0.8970 to 0.8980. Read more
