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XE Market Analysis: Asia - Jul 29, 2019

By: XE Market Analysis

The Dollar index rallied to near two-month highs of 98.16 in N.Y. morning trade on Monday, later easing back to 98.05 into the London close. There was little in the way of incoming U.S. data, with the only item on the docket being the Dallas Fed index, which improved slightly as expected. Read more

XE Market Analysis: North America - Jul 29, 2019

By: XE Market Analysis

EUR-USD settled above the 25-month low seen last week at 1.1101, which was seen before the ECB policy announcement last Thursday, with its refrain from easing having buoyed the Euro somewhat. The big focus this week is on the Fed, with the two-day FOMC gathering concluding on Wednesday. Read more

XE Market Analysis: Europe - Jul 29, 2019

By: XE Market Analysis

The Dollar majors have been plying narrow ranges in early-week, pre-risk event trading. The resumption of person-to-person dialogue between the U.S. and China this week, and the FOMC, which starts tomorrow and concludes on Wednesday, are keeping market participants sitting on their hands for now, who are taking a circumspect view on the chances for meaningful progress in the case of the former, while being uncertain about how much further easing the Fed will be considering following a fully-anticipated 25 cut on Wednesday. Read more

XE Market Analysis: Asia - Jul 26, 2019

By: XE Market Analysis

The Dollar advanced in N.Y. trade on Friday, buoyed by a slightly better preliminary read on Q2 GDP. Word from White House adviser Kudlow, that the U.S. would not intervene to weaken the USD likely helped the unit higher. Trump has been concerned that trading partners may be manipulating their currencies to gain trade advantages. Read more

XE Market Analysis: North America - Jul 26, 2019

By: XE Market Analysis

The Euro has been in consolidated mode after rallying on the ECB's refrain from cutting rates yesterday's, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. Read more

XE Market Analysis: Europe - Jul 26, 2019

By: XE Market Analysis

The Dollar majors have become entrenched in narrow ranges after some choppy trading yesterday. The Euro has consolidated after rallying on the ECB's refrain from cutting rates yesterday's, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. Read more

XE Market Analysis: Asia - Jul 25, 2019

By: XE Market Analysis

The Dollar firmed early in the session, led by EUR-USD's decline to two-year lows of 1.1102. The move came following the ECB announcement, which revised forward guidance to say that rates will be at "present or lower levels", at least through the first half of 2020, as widely expected. Read more

XE Market Analysis: Europe - Jul 25, 2019

By: XE Market Analysis

The Dollar majors have settled in narrow ranges into the ECB's policy meeting, with markets giving about 50% odds for the central bank producing a 10 bp rage cut today following yesterday's manufacturing PMI disappointments in the Eurozone. The Euro went into a consolidation after declining sharply yesterday. Read more

XE Market Analysis: Asia - Jul 24, 2019

By: XE Market Analysis

The Dollar was range bound in N.Y. trade on Wednesday, leaving the DXY inside of a 97.56 to 97.68 trading band. Incoming U.S. data saw mixed flash manufacturing and services PMI , and softer new home sales, though neither had much lasting impact on the USD. Read more

XE Market Analysis: North America - Jul 24, 2019

By: XE Market Analysis

The Dollar has traded mixed, but broadly underpinned after rallying for three consecutive days. The Euro took a hit on Eurozone PMI misses, which drove EUR-USD to a seven-week low at 1.1127 and EUR-JPY to a new near-seven-month low at 120.21. EUR-CHF also declined, though the cross has remained above the 24-month low seen yesterday at 1.0971. Read more

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