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XE Market Analysis: Asia - Jun 21, 2019

By: XE Market Analysis

The Dollar index fell to three-month lows of 96.25 in N.Y. trade on Friday, opening the session near 96.65. Fallout from Wednesday's dovish FOMC outcome remained a driver, though Treasury yields managed small gains after stronger U.S. housing data. EUR-USD advanced to 1.1368 from early lows near 1.1300. Read more

XE Market Analysis: North America - Jun 21, 2019

By: XE Market Analysis

The Dollar majors have been trading mixed, with the U.S. currency itself consolidating, on net, following a two-day phase of underperformance. EUR-USD lifted out of the intraday low at 1.1283 at the trigger of forecast-beating flash June PMI estimates out of Germany and France, which drove the June flash Eurozone Composite PMI to a seven-month high of 52.1, up from 51.8 in May. Read more

XE Market Analysis: Europe - Jun 21, 2019

By: XE Market Analysis

USD-JPY fell for a third day and posted a fresh five-month low at 107.04. A combo of ramped-up expectations for Fed rate cuts, coupled with a rekindling risk-off vibe in global markets amid concerns about the escalation in U.S.-Iran tensions, pushed the pairing lower. Read more

XE Market Analysis: Asia - Jun 20, 2019

By: XE Market Analysis

The Dollar attempted to rally in morning trade, as Wall Street surged on spillover FOMC dovishness and mixed incoming data. The Greenback pulled back later, as stocks faded some,and Treasury yields remains soft, taking the 10-year rate under 2.00%. EUR-USD topped at 1.1315 early, later bottoming at 1.1271, then edging back over 1.1290. Read more

XE Market Analysis: The US Dollar Bears the Brunt of Impatient Currency Markets

By: xemarketanalysis

OVERVIEW The greenback is unable to arrest its broad-based decline after the Fed's dovish interest rate hold The Canadian loonie jumps higher, fuelled by strong crude oil prices. Read more

XE Market Analysis: North America - Jun 20, 2019

By: XE Market Analysis

The Dollar extended losses that were ignited by the Fed's dovish guidance yesterday. The USD index hit an eight-day low at 96.68, extending the decline from pre-Fed announcement levels to comfortably over 0.5%. EUR-USD concurrently posted a high at 1.1306 so far, the loftiest level seen sine June 12. Read more

XE Market Analysis: Europe - Jun 20, 2019

By: XE Market Analysis

The Dollar has rotated lower after the Fed span dovish in its guidance following the FOMC meeting. The USD index has dropped by 0.7% from pre-announcement levels to a low at 96.278, seen earlier in the pre-Europe Asian session, while EUR-USD has concurrently rallied by over 0.5% in making a six-day high at 1.1284. Read more

XE Market Analysis: Asia - Jun 19, 2019

By: XE Market Analysis

FX trade was quiet ahead of the Fed, though the Dollar fell broadly after the FOMC announcement, where rates were left unchanged, as widely expected. The statement said uncertainties have increased, and "the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion". Read more

XE Market Analysis: The Currency Market is Calm Ahead of Significant Moves from the Fed

By: xemarketanalysis

OVERVIEW The greenback is trading flat against most major currencies as the Fed starts two days of meetings. Canadian inflation surprises to the upside, boosting the loonie to a two-day high. Read more

XE Market Analysis: North America - Jun 19, 2019

By: XE Market Analysis

The Dollar has seen moderate softness against the Euro, Yen and Sterling, among other currencies, while holding net steady against the Dollar bloc units, in what has been subdued pre-Fed announcement trading in forex markets. EUR-USD nudged above 1.1200, lifting out of the 16-day low seen yesterday at 1.1181, which was the product the eyebrow-raising dovish about-turn of ECB's Draghi yesterday. Read more

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