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XE Market Analysis: Asia - Feb 28, 2019

By: XE Market Analysis

The dollar rallied following the higher than expected Q4 GDP outcome, and the much better than expected Chicago PMI print. The DXY rallied to 96.28 highs from opening levels near 95.85. EUR-USD fell to 1.1360 from highs near 1.1420, while USD-JPY posted two-month highs of 111.43, up from around 110.75. Read more

XE Market Analysis: Sterling Pulls Back from Recent Highs

By: xemarketanalysis

OVERVIEW Sterling pulled back from recent highs as investors banked profits. Uncertainty still remains and will continue until it is clear how the UK will leave the EU, and on what terms. The focus is now on the next vote in parliament on any Plan B agreement terms which will take place on 12 March in the UK. HIGHLIGHT The pound reached a 21-month high against the euro and a 5 month high against the USD before dropping back today, amid profit taking and continuing uncertainty around Brexit. US DOLLAR The dollar, having weakened over the last few sessions, rose against the yen and reduced losses against the euro on Thursday following the release of GDP data. Read more

XE Market Analysis: North America - Feb 28, 2019

By: XE Market Analysis

The Dollar has traded mostly weaker, showing losses of 0.4% against the Euro, 0.8% to the Swiss Franc, which has been the day's outperformer, and a 0.2% advance on the Yen. The U.S. currency fared better against Sterling, which corrected some of its recent strong gains against most currencies, and the Dollar bloc currencies, which have been under some pressure amid a risk-off backdrop in global markets. Read more

XE Market Analysis: Europe - Feb 28, 2019

By: XE Market Analysis

Both the Yen and Swiss Franc have firmed up into the London interbank session, with both registering as the strongest currencies on the day so far with respective gains of 0.2% and 0.4% against the Dollar. This saw USD-JPY print a low at 110.69, while USD-CHF hit a four-week low at 0.9970, reportedly triggering sell stop-loss orders on the break back below parity. Read more

XE Market Analysis: Asia - Feb 27, 2019

By: XE Market Analysis

The Dollar ticked higher in N.Y. on Wednesday, taking the DXY from trend lows of 95.88 seen into the open, later peaking at 96.19. It appeared some USD buying stepped in on a lack of encouraging U.S.-China trade news, resulting an uptick in safe-haven flows, along with firmer Treasury yields. Read more

XE Market Analysis: Sterling Continues to Surge Higher

By: xemarketanalysis

OVERVIEW Sterling hits a 5-month high against the US dollar in early trading The US dollar is weaker after the Fed chairman's dovish testimony is set to continue today Read more

XE Market Analysis: North America - Feb 27, 2019

By: XE Market Analysis

The Dollar has extended the weakening streak put in place by Fed chair Powell's "no rush to make a judgement" testimony yesterday. EUR-USD jumped back above 1.1400, testing yesterday's three-week high at 1.1402. The U.S. currency posted concurrent losses against the Pound, Yen, Canadian Dollar and most other currencies. Read more

XE Market Analysis: Europe - Feb 27, 2019

By: XE Market Analysis

The Dollar has steadied after posting three-week lows in the wake of Fed chair Powell's Senate testimony, which affirmed dovish-leaning on-hold policy guidance. The narrow trade-weighed USD index printed a post-Powell low at 95.95, the first time below 96.0 since February 5, before setting around 96.10-15; levels which are still about 1.3% below the mid-February highs. Read more

XE Market Analysis: Asia - Feb 26, 2019

By: XE Market Analysis

The Dollar eased in N.Y. on Tuesday, taking the DXY to 95.97 lows, from highs of 96.46. Mixed U.S. data had an impact on the Greenback, with weak housing starts weighing on the USD, and stronger consumer confidence supporting. Fed chair Powell revealed no surprises in his congressional testimony, making it clear the Fed was on hold, and awaiting incoming data. Read more

XE Market Analysis: Fed Chair Powell Expected to Preach the Gospel of Patience from the Hill.

By: xemarketanalysis

OVERVIEW The US dollar Index is slightly lower as market avoids heavy bets ahead of Powell’s testimony. The British pound puts in a strong performance, on renewed hopes of a better and orderly Brexit. Read more

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