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XE Market Analysis: Asia - Jun 28, 2013

By: XE Market Analysis

Month and quarter end conditions resulted in a choppy FX market on Friday, seeing the dollar first rally, before unwinding some of its moves into the London close. U.S. data was mixed, with the Chicago PMI softer than expected, and Michigan sentiment holding up fairly well. Read more

XE Market Analysis: North America - Jun 28, 2013

By: XE Market Analysis

It was a fairly low key session in Europe. There were mixed leads from equity markets. Asian markets performed well due to yesterday's strong U.S. data, dovish Fed policy rhetoric and more supportive words on liquidity from PBoC Governor Zhou. In Europe stocks dipped, which was pinned on profit taking and month-end/quarter-end repositioning. Read more

XE Market Analysis: Europe - Jun 28, 2013

By: XE Market Analysis

The dollar traded higher through the morning session in N.Y. on Thursday, following stronger U.S. economic releases. May personal income beat expectations, while weekly jobless claims were in-line. May pending home sales were much better than forecasts, and resulted in the dollar moving to session highs in morning dealings. Read more

XE Market Analysis: Asia - Jun 27, 2013

By: XE Market Analysis

The dollar traded higher through the morning session in N.Y. on Thursday, following stronger U.S. economic releases. May personal income beat expectations, while weekly jobless claims were in-line. May pending home sales were much better than forecasts, and resulted in the dollar moving to session highs in morning dealings. Read more

XE Market Analysis: North America - Jun 27, 2013

By: XE Market Analysis

The FX market was relatively quiet overall as month-end/quarter-end reduced volumes. Asia provided a positive lead, while in Europe the tone was more mixed, which dampened on activity. EUR marked time above 1.3000 throughout. However, GBP dropped after U.K. Read more

XE Market Analysis: Europe - Jun 27, 2013

By: XE Market Analysis

Sentiment in early Europe is positive after a relatively calm Asian session as concerns over central bank policy recede. The EUR is trading on a steadier footing as the USD eased overnight on risk appetite. The disappointing U.S. GDP revision reduced expectations over Fed tapering and the dollar has traded more like a funding currency again overnight, though we still think the dollar downside will remain limited as most recent U.S. Read more

XE Market Analysis: Asia - Jun 26, 2013

By: XE Market Analysis

The dollar slipped some after the soft Q1 U.S. GDP revision, though overall retained its poise through the session. EUR-USD weakness was a highlight, as that pairing traded to lows of 1.2985, after peaking over 1.3050. Recent ECB dovish commentary should continue to weigh on the euro. Read more

XE Market Analysis: North America - Jun 26, 2013

By: XE Market Analysis

The dollar was supported and the euro fell amid Tuesday's firm U.S. data round and an ongoing communication offensive by ECB's Draghi and co, who guided money market rates lower, put a floor under stocks and reduced eurozone bond yield spreads today. Italy tried to limit the fallout from reports that it could be nursing heavy losses on derivatives restructuring that was carried out at the height of the eurozone crisis. Read more

XE Market Analysis: Europe - Jun 26, 2013

By: XE Market Analysis

Equity market performance guided action across FX today. Sentiment was positive in early trade after yesterday's rebound on the SSEC into the close and a strong close for Wall Street and Europe. However, the pick up in speculative flows dampened as the session progressed. Read more

XE Market Analysis: Asia - Jun 25, 2013

By: XE Market Analysis

The dollar moved broadly higher in N.Y. trade on Tuesday, helped by a series of positive U.S. data releases. The May durables report was strong, while April home prices edged up, and May new home sales beat expectations. June consumer confidence was sharply higher, and the Richmond Fed index beat the mark as well. Read more

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