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XE Market Analysis: North America - May 21, 2019

By: XE Market Analysis

The Dollar has posted fresh trend highs against a number of currencies. The narrow trade-weighted USD index logged a four-week high at 98.12 while EUR-USD concurrently printed an an 18-day low at 1.1142, making this the seventh out of the last eight trading days that the pair has posted a new lower low. Read more

XE Market Analysis: Europe - May 21, 2019

By: XE Market Analysis

The Dollar has traded firmer, posting fresh trend highs against a number of currencies. This drove EUR-USD to an 18-day low of 1.1147, making this the seventh out of the last eight trading days that the pair has posted a new lower low. Cable printed a fresh four-month low, at 1.2709, building on the steep declines seen since the early May high at 1.3176. Read more

XE Market Analysis: Asia - May 20, 2019

By: XE Market Analysis

The Dollar was rangebound in N.Y. trade on Monday, leaving the DXY between 97.88 and 97.98 through the session. There was no data to drive the market, though bouts of safe-haven USD buying were noted, as the risk backdrop remained sour following U.S. restrictions on China's Huawei. Read more

XE Market Analysis: North America - May 20, 2019

By: XE Market Analysis

The Dollar has put in a mixed performance so far today, gaining on the Euro while losing ground to the Australian Dollar, which surged nearly 1% following the unexpected election victory of the centre-right Liberal National Coalition at the weekend election in Australia. Read more

XE Market Analysis: Europe - May 20, 2019

By: XE Market Analysis

The Australian Dollar surged nearly 1% following the unexpected election victory of the centre-right Liberal National Coalition at the weekend election in Australia. The development also sharped a 1.7% closing gain in the ASX 200 index, which has strongly outperformed the rest of the Asia-Pacific region today. Read more

XE Market Analysis: Asia - May 17, 2019

By: XE Market Analysis

The dollar moved higher in morning trade in N.Y. on Friday, seeing the DXY touch two-week highs of 98.00, and up from overnight lows of 97.77. The apparent heating up of U.S./China trade rhetoric resulted in some safe-haven flows into the Greenback, while solid consumer sentiment data supported the USD as well. Read more

XE Market Analysis: Brexit, Act IV, Scene IV: The Exitus of PM Theresa May

By: xemarketanalysis

OVERVIEW The British Pound Plummets to a four-month low after Brexit cross-party talks break down. The US dollars keeps a firm tone, shrugging off reports that US-Sino trade talks are off the table Read more

XE Market Analysis: North America - May 17, 2019

By: XE Market Analysis

The Dollar posted fresh highs against the Euro, Sterling, which saw fresh selling on Brexit news, and the Australian Dollar, among other currencies, extending gains seen after Fed's Brainard's said yesterday that "opportunistic reflation" could be encouraged by allowing inflation to run above the 2% target for some years. Read more

XE Market Analysis: Europe - May 17, 2019

By: XE Market Analysis

Both the Dollar and Yen have traded generally firmer, the former underpinned by a rise in U.S. yields, particularly a relatively sharp spike in the 2-year note yield, after Fed's Brainard said that "opportunistic reflation" could be encouraged by allowing inflation to run above the 2% target for some years, and the latter by risk aversion as stock markets in Asia sputtered. Read more

XE Market Analysis: Asia - May 16, 2019

By: XE Market Analysis

Solid incoming U.S. data helped the Dollar firm up in N.Y. on Thursday, taking the DXY to two-week highs of 97.83. Jobless claims, housing starts and the Philly Fed index all beat consensus forecasts. Wall Street rallied, and Treasury yields bounced off trend lows. Read more

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