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XE Market Analysis: North America - Oct 24, 2018

By: XE Market Analysis

The Euro came under pressure following disappointing flash PMI estimates out of the Eurozone. EUR-USD declined by over 0.5% in posting a 1.1403, which is a two-month low. EUR-JPY fell by 0.5% on route to a six-week low, while EUR-CHF has pegged a two-week low at 1.1373. Read more

XE Market Analysis: Europe - Oct 24, 2018

By: XE Market Analysis

Narrow ranges have prevailed so far today among the main currencies. USD-JPY edged out a two-day high of 112.63, with the pair maintaining a broadly sideways track that's been seen for nearly two weeks now. EUR-USD has seen a modest softening bias, with the pairing etching out an intraday low at 1.1455 after closing out in New York yesterday at 1.1470-71, remaining comfortably above yesterday's three-day low at 1.1439.Cable has been seeing a similar price action to EUR-USD, holding in the upper 1.2900s, above the three-week low that was printed yesterday at 1.2937, with markets remaining wary about reports that the EU is softening to May's idea for the so called 'all-UK' customs deal. Read more

XE Market Analysis: Asia - Oct 23, 2018

By: XE Market Analysis

The Dollar came under some pressure in N.Y. on Tuesday, weighed down by a sharp sell-off in global equity markets. The DXY fell to 95.82 from overnight highs of 96.15. EUR-USD topped at 1.1493 after touching 1.1450 lows, while USD-JPY dipped briefly under 112.00 before bouncing to near 112.30. Read more

XE Market Analysis: Risk-off Sentiment is Causing Havoc in Equity Markets, Boosting Safe-haven Yen

By: xemarketanalysis

OVERVIEW The US Dollar is mixed and moves off of its two-month high Tensions between the EU and Italy continue to exert pressure on the common currency NYMEX WTI Crude drops to a 1 month low, down 2.28% to $67.75. HIGHLIGHT Global equity markets are under heavy selling pressure today with the safe-haven Japanese Yen a top G-10 performer. Read more

XE Market Analysis: North America - Oct 23, 2018

By: XE Market Analysis

The Dollar ebbed during the London AM session after firming during the pre-Europe Asian session, while the Yen outperformed as global stock markets dove. EUR-USD recouped to the upper 1.1400s after earlier printing a two-session low at 1.1439. The low and the move back higher have been mostly driven the broader fluctuations in the dollar. Read more

XE Market Analysis: Europe - Oct 23, 2018

By: XE Market Analysis

Both the Dollar and Yen have outperformed amid a risk-off backdrop, with the Japanese currency itself outperforming its U.S. counterpart on safe haven demand, which has pushed USD-JPY lower despite gains in the greenback against most other currencies. Read more

XE Market Analysis: Asia - Oct 22, 2018

By: XE Market Analysis

The Dollar index topped at two-week highs of 96.10 in N.Y. on Monday, posting modest gains through the session. There was no data to move the market, though mixed earnings reports weighed on stocks to a degree. EUR-USD bottomed at 1.145, down from near 1.1500 at the open. Read more

XE Market Analysis: North America - Oct 22, 2018

By: XE Market Analysis

The Dollar continued to find buoyancy, even while the Euro lifted as the pressure came off Italian markets. EUR-USD settled near 1.1500 after printing a three-day high at 1.1550 earlier. The high was driven by broader Euro gains, while the move lower has been driven by broader Dollar gains. Read more

XE Market Analysis: Europe - Oct 22, 2018

By: XE Market Analysis

The Yen has softened while the Dollar has been mixed in typically narrow early-week ranges. USD-JPY nudged higher, posting a high of 112.71, which is a 12-day peak, while EUR-JPY has edged out a six-day high. This came as the Japanese currency underperformed amid a China-led rebound in stock markets in Asia following a fresh turn of verbal interventions from Chinese officials, with President Xi pledging to support the private sector, including with cuts in personal income tax rates. Read more

XE Market Analysis: Asia - Oct 19, 2018

By: XE Market Analysis

The Dollar slipped some in N.Y. trade on Friday, taking the DXY from near two-week overnight highs of 96.05 to 95.55 lows. Soft U.S. housing data had little impact, and pre-weekend profit taking appeared to have been the main driver, following a week of fairly steady gains. Read more

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