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XE Market Analysis: US Dollar Hits New Highs for The Year Ahead of Fed Meeting

By: xemarketanalysis

OVERVIEW US Dollar index at new 2018 highs. The Euro under pressure after GDP data confirms slower growth. GBP supported by rebound in construction activity. Swedish Krona falls after central bank comments. HIGHLIGHT The US Dollar index hit new highs for the year ahead of the Federal Reserve's interest rate decision later today, where it's expected they will continue to signal further rate hikes as the US economy grows at a reasonable pace. Read more

XE Market Analysis: North America - May 02, 2018

By: XE Market Analysis

The dollar retreated some after posting fresh highs against the yen, sterling and some other currencies. Firmer than expected UK construction PMI data gave Cable some added lift, driving the Cable above 1.3860, up on the four-month low that was seen just ahead of the London open at 1.3580. Read more

XE Market Analysis: Europe - May 02, 2018

By: XE Market Analysis

The dollar has remained in the ascendant, posting fresh trend highs against the yen and sterling, and remaining buoyant, near highs versus the euro and other currencies. USD-JPY edged out a fresh 11-week high at 109.92 in early Tokyo trading, gaining despite declines in EUR-JPY and other yen crosses. Read more

XE Market Analysis: Asia - May 01, 2018

By: XE Market Analysis

The DXY rallied to near highs if the year, topping at 92.55, as the dollar rallied broadly against major currencies. Incoming U.S. data disappointed, though the greenback advanced nonetheless. EUR-USD fell to 1.1982, as USD-JPY topped at 109.80. USD-CAD dipped initially on firmer Canada GDP figures, though later rallied as oil prices fell. Read more

A change of seasons: May Day update

By: New_Deal_democrat

A couple of months ago I suggested that the relationship between stock prices and bond yields was likely undergoing a secular change. To briefly recap, between 1981 and 1998, stock prices and bond yields generally moved in opposite directions, with the primary direction being stocks rising and yields falling. Read more

XE Market Analysis: North America - May 01, 2018

By: XE Market Analysis

The dollar rallied to fresh trend highs versus the euro, yen, sterling and Australian dollar, among other currencies. This occurred in thin markets with much of Europe and key Asian centres having been closed for public holidays today. Expectations for strong U.S. Read more

XE Market Analysis: Europe - May 01, 2018

By: XE Market Analysis

The dollar has held firm but in narrow ranges. China and Hong Kong have been closed for Labour Day holidays, and much of Europe will be out for May Day holidays today. AUD-USD eked out a fresh four-and-a-half-month low at 0.7525 after the RBA left policy no hold while highlighting low wage and low inflation, signalling continued on-hold policy, which markets are expecting will remain the case through to 2019. Read more

XE Market Analysis: Asia - Apr 30, 2018

By: XE Market Analysis

The DXY rose to trend highs of 91.92 in N.Y. on Monday, stopping just short of its 200-day moving avarage, which sits at 91.98. U.S. personal income was a touch shy of expectations, though consumption was in-line. EUR-USD bottomed at 1.2064, while USD-JPY pulled back from 109.45 highs, touching 109.09. Read more

XE Market Analysis: US Dollar Firm Supported by Inflation Data

By: xemarketanalysis

OVERVIEW US Core PCE price index rises 1.9%, consumer spending increases 0.4%. GBP soft as banks revise forecasts for UK rate hikes. German inflation unexpectedly slows, supports ECB caution. Mexican economic growth accelerates 1.1% in the first three months of 2018. HIGHLIGHT US consumer prices accelerated this year to March, with Federal Reserve's preferred inflationary measure (core PCE price index) surging to 1.9%, just shy of their 2% target. Read more

XE Market Analysis: Europe - Apr 30, 2018

By: XE Market Analysis

The dollar majors have posted narrow ranges so far today in what has been thin holiday-affected trading conditions in Asia. The USD index (DXY) is at net unchanged levels at 91.55, below Friday's near-four-month-high at 91.98. EUR-USD has made time in the lower 1.2100s. Read more

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