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XE Market Analysis: Europe - Aug 27, 2018

By: XE Market Analysis

The Dollar has rebounded some after posting fresh losses against the Euro and some other currencies during the early Asia-Pacific session. Markets have continued to digest the slightly more dovish than expected speech by Fed Chairman Powell on Friday, where he stuck to the "policy gradualism" script with regard to tightening. Read more

XE Market Analysis: Asia - Aug 24, 2018

By: XE Market Analysis

The dollar pulled back in N.Y. trade on Friday morning, after Fed chief Powell said "gradualism" was the way to go as far as policy adjustments are concerned. This saw yields stumble as well. The DXY fell from opening highs of 95.41, to print 95.04 lows before steadying. Read more

XE Market Analysis: The Aussie Boomerangs from Down Under as Morrison Wins the Musical PM Chair

By: xemarketanalysis

OVERVIEW The Dollar Index is poised to close in negative territory for the second week in a row. USD and CAD are confined to a tight trading range. Commodities are hot; Gold stays $1,200 and WTI flirts with $70 a barrel. HIGHLIGHT The Swedish Krona has been under intense pressure this month. Read more

XE Market Analysis: North America - Aug 24, 2018

By: XE Market Analysis

The USD index (DXY) is set for its biggest weekly drop since February, even though rebounding some yesterday. The index, which is a nominal trade-weighted measure of the dollar comprised by a basket of six currencies, and which inversely correlates with EUR-USD direction, is presently at 95.52, down by over 1.5% from the 14-month high that was logged on August 15 at 96.98. Read more

XE Market Analysis: Europe - Aug 24, 2018

By: XE Market Analysis

Yen underperformance, Dollar softness and Aussie Dollar outperformance have been the main themes in Asian markets into the London interbank opening, along with a side-theme of Euro firmness. The Japanese currency came under pressure following the release of Japanese inflation data, which showed the BoJ-watched national core CPI figure coming in at a benign 0.8% y/y clip, the same rate as June and disappointing the median forecast for a 0.9% reading. Read more

XE Market Analysis: Asia - Aug 23, 2018

By: XE Market Analysis

The dollar index headed higher in N.Y. trade on Thursday, topping at 95.67. The implementation of fresh U.S./China tariffs, and only muted expectations that current trade talks will yield progress supported the Greenback. Incoming data revealed in-line jobless claims, but softer new home sales. Read more

XE Market Analysis: Sterling Slumps Further on Brexit "No Deal"

By: xemarketanalysis

OVERVIEW Sterling slips on Brexit "No Deal" US Dollar gains as the Fed's Jackson Hole conference begins Loonie slips as NAFTA talks continue HIGHLIGHT The Pound slid against all currencies today after the UK government made further plans for a "no deal" Brexit. Read more

XE Market Analysis: North America - Aug 23, 2018

By: XE Market Analysis

The Dollar lifted during the Asian session before settling to a consolidation following the open of European markets. The USD index (DXY) is showing a 0.2% gain heading into the New York interbank open, at 95.35, earlier posting a two-day high at 95.48, remaining well below the 14-month high seen last week at 96.98. Read more

XE Market Analysis: Europe - Aug 23, 2018

By: XE Market Analysis

The Dollar has lifted after five straight down sessions. The USD index (DXY) is showing a 0.3% gain heading into the London interbank open, at 95.41, rising above yesterday's high but remaining well below the 14-month high seen last week at 96.98. EUR-USD has concurrently sank to a two-day low of 1.1542, putting in some distance from yesterday's two-week peak at 1.1623 (which almost exactly markets the present situation of the 50-day moving average). Read more

XE Market Analysis: Asia - Aug 22, 2018

By: XE Market Analysis

The dollar fell in tandem with yields after the FOMC minutes, with trade and tariffs being mentioned as points of uncertainty going forward. The DXY fell to 94.96 from over 95.10 after the minutes. The Fed revealed concern over how more tariffs would impact consumer spending, saying prolonged trade disputes could impact business sentiment and hiring. Read more

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