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XE Market Analysis: Asia - Sep 29, 2017

By: XE Market Analysis

The dollar was driven by U.S. data in N.Y. on Friday, initially falling on cooler income and consumption figures, then rallying on a much stronger Chicago PMI outcome. EUR-USD peaked at .1.1832, before falling back to 1.1792 lows, then steadying near 1.1800. Read more

XE Market Analysis: Weak U.S. Inflation Clouds Fed Outlook

By: xemarketanalysis

OVERVIEW Mixed bag from the US sees the Dollar claw back lost ground. The Pound has slipped back from recent highs as YoY growth slows to 1.5%. Canadian economy grinds to a halt in July, with 0% growth reported. The Euro is firm despite unchanged CPI for September. HIGHLIGHT The Fed's preferred inflation measure (core PCE index) rose just 0.1% in August, while the annual increase slowed to 1.3%, the smallest increase since November 2015. Read more

XE Market Analysis: North America - Sep 29, 2017

By: XE Market Analysis

There was limited directional impulse for most dollar pairings, with this being the last trading say of both the month- and quarter-end, while the weekend brings the usual risk for another North Korean antic. Cable was the main exception, as it dove following sub-forecast GDP and house price data, along with some negative Brexit related news stories (BoA announcing it is moving 300 staff to Paris from London, and an EU official ruling out that trade negotiations could start as soon as next month). Read more

XE Market Analysis: Europe - Sep 29, 2017

By: XE Market Analysis

USD-JPY picked up some demand while most other dollar pairings have traded narrow ranges so far today. USD-JPY recovered from yesterday's 112.25 low to the upper 112s. There had been reports yesterday of yen demand into the end of the first half of the fiscal year in Japan, though USD-JPY still has rallied, returning focus on the two-and-a-half-month high seen on Wednesday at 113.25. Read more

XE Market Analysis: Asia - Sep 28, 2017

By: XE Market Analysis

The dollar was mostly lower in N.Y. trade on Thursday, with month and quarter end conditions keeping ranges relatively narrow. Incoming U.S. data had little impact on the FX market, though revised GDP improved, jobless claims were lower than expected, and the advance trade deficit narrowed some. Read more

XE Market Analysis: Dollar Slips Despite Q2 Growth Revision

By: xemarketanalysis

OVERVIEW GBP supported by a slightly upbeat tone from the latest round of Brexit talks. BoE Governor, Mark Carney, warns it is unable to cancel out a likely negative economic hit from Brexit. EUR recovers from 1-month lows, ECB members signal Q.E. Read more

XE Market Analysis: Dollar Slips Despite Q2 Growth Revision

By: xemarketanalysis

OVERVIEW GBP supported by a slightly upbeat tone from the latest round of Brexit talks. BoE Governor, Mark Carney, warns it is unable to cancel out a likely negative economic hit from Brexit. EUR recovers from 1-month lows, ECB members signal Q.E. Read more

XE Market Analysis: North America - Sep 28, 2017

By: XE Market Analysis

The dollar corrected after rallying yesterday and through to the early European morning against some currencies. EUR-USD lifted above 1.1783 after yesterday logging a low at 1.1717. USD-JPY fell back to the mid 112.0.s after logging a new two-and-a-half month high just ahead of the London open at 113.20. Read more

XE Market Analysis: Europe - Sep 28, 2017

By: XE Market Analysis

The dollar has rallied out of correction lows that were seen after the London interbank close yesterday. USD-JPY recouped to around 113.00, back within scope of yesterday's two-and-a-half-month peak at 113.25, rebounding from a pullback low at 112.37. Read more

XE Market Analysis: Asia - Sep 27, 2017

By: XE Market Analysis

The dollar started Wednesday's N.Y. session on a firmer footing, aided slightly by a stronger U.S. durables report. The greenback later gave back ground to the euro and yen. EUR-USD bottomed at better than one-month lows of 1.1719, before topping later at 1.1776. Read more

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