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XE Market Analysis: North America - Jun 26, 2018

By: XE Market Analysis

The dollar traded broadly firmer during the London AM session, although holding at near net unchanged levels in the case against the yen. The narrow trade-weighted USD index (DXY) was showing a gain of 0.3% as of the early European PM, which followed a run of three consecutive down sessions. Read more

XE Market Analysis: Europe - Jun 26, 2018

By: XE Market Analysis

The main currencies are showing little net change ahead of the London interbank open. EUR-USD edged a fresh 12-day high, at 1.1721, before ebbing back to near net unchanged levels nearer 1.1700. USD-JPY has become directionally stuck near 109.50, above the two-week low that was pegged yesterday, at 109.37. Read more

XE Market Analysis: Asia - Jun 25, 2018

By: XE Market Analysis

The dollar traded mixed, losing ground to the yen and euro while gaining against higher beta currencies, such as the Australian dollar and its dollar bloc brethren, along with most emerging market currencies. This came as the spectre of a deepening and prolonging trade war -- made more palpable by news today that Harley-Davidson will shift some production of EU-bound motorcycles out of the U.S. Read more

XE Market Analysis: Brexit Negotiations Are Back in Focus This Week

By: xemarketanalysis

OVERVIEW Sterling slips back to multi-month low before EC meeting this week. The Euro is stable on flat business climate survey. US Dollar slips on trade tariff concerns. HIGHLIGHT Foreign exchange markets are being led by two main themes this week. Read more

XE Market Analysis: North America - Jun 25, 2018

By: XE Market Analysis

A firmer yen amid a risk-off backdrop has been the dominant theme so far today as concerns about a worsening trade war plug at investors' anxieties. News, announced on Sunday, that the PBoC trimmed banks' reserve ratio requirement had limited impact, having been widely anticipated, and early gains in Chinese equity markets gave way to selling, which left the Shanghai Composite nursing a 1.04% loss at the close. Read more

XE Market Analysis: Europe - Jun 25, 2018

By: XE Market Analysis

The yen has rallied across-the-board as stock markets in Asia went bearish again on concerns about a worsening trade war. USD-JPY pulled back to a two-week low of 109.37. The biggest mover has been AUD-JPY cross, which is presently showing a fairly sizable 0.8% decline. Read more

XE Market Analysis: Asia - Jun 22, 2018

By: XE Market Analysis

The DXY printed lows of 94.51 in N.Y. on Friday, down from highs of 94.79, though above the seven-session bottom of 94.44 seen in London. Aside from softer flash manufacturing and services PMIs, there was no data on Friday. EUR-USD peaked at 1.1666, fell to 1.1618 lows, then re-tested the highs into the close. Read more

XE Market Analysis: Deal or No Deal: Markets Wait for OPEC

By: xemarketanalysis

OVERVIEW The Dollar Index slides for the second successive day, down 0.25%. Sterling sees light, bouncing back from 7-month lows amidst hawkish BoE. Poor data sends the Canadian Loonie plunging to new 2018 lows. WTI continues to gain, up $1.85 to trade near $67.42 a barrel. HIGHLIGHT The Turkish Lira continues to extend its gains against the Greenback as we head into the Sunday election. Read more

XE Market Analysis: North America - Jun 22, 2018

By: XE Market Analysis

The dollar came under pressure as stock markets enjoyed a rally, although the MSCI All-Country index still looks likely to close the week lower in a week that trade tensions went next level. The narrow trade-weighted USD index was showing a loss of 0.3%, as of the early PM session in Europe. Read more

XE Market Analysis: Europe - Jun 22, 2018

By: XE Market Analysis

The dollar has traded moderately softer so far today, extending a theme that has been seen since yesterday following the release of the Philly Fed index, which came in much weaker than expected. Amid this backdrop, the euro has corrected some of its recent losses against most other currencies, which has likely reflected short covering, although in a market still wary about the Italian government's Eurosceptic bias. Read more

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