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XE Market Analysis: North America - Dec 12, 2018

By: XE Market Analysis

The Dollar has been trading mixed-to-firmer, losing a little ground to the Euro and the Pound, both of which settled after falling sharply over the last day, while gaining versus the Yen and other currencies. Both the Euro the Pound remain heavy overall as political uncertain envelopes sentiment, with French President Macron facing a parliamentary debate tomorrow on possible no confidence vote and UK Prime Minister May facing an actual no confidence vote today (the result of which should be known by around 21:00 GTM, or 16:00 ET). Read more

XE Market Analysis: Europe - Dec 12, 2018

By: XE Market Analysis

The Dollar has plied narrow ranges against most other currencies so far today, although a theme of Yen underperformance lifted USD-JPY to a nine-day high of 113.51, extending a rebound from the six-week low that was seen last week at 112.23. The weakness in the Japanese currency has been concomitant with a revival in risk appetite amid encouraging signs of potential progress in U.S.-China trade relations. Read more

XE Market Analysis: Asia - Dec 11, 2018

By: XE Market Analysis

The Dollar moved higher in N.Y. on Tuesday, aided early on by warmer core U.S. PPI data. The Dollar index posted two-week highs of 97.53 before steadying. Wall Street kept a bid in the dollar, as choppy conditions there provided some safe-haven USD flows. Read more

XE Market Analysis: British Pound Feeling Ill As Brexit Deal Vote Rollercoaster Ride Stuck in Limbo

By: xemarketanalysis

OVERVIEW The Dollar Index remains in negative territory after PPI edged 0.1% in November Sterling plummet to its lowest level since April 2017 after PM postpones the key vote in Parliament NYMEX WTI Crude advancing 1.47% and gold is up near $1250 an ounce HIGHLIGHT Investors showed their utter frustration sending the GBP to a 20-month after PM May deferred the meaningful vote on Brexit deal. Read more

XE Market Analysis: North America - Dec 11, 2018

By: XE Market Analysis

The Dollar traded moderately softer amid a backdrop of rebounding global stock markets, and was showing losses of between 0.2% and 0.5% versus the Yen, Euro and Sterling heading into the New York interbank open. The Pound managed to find a better footing after dropping sharply yesterday, recouping about a third of the lost ground. Read more

XE Market Analysis: Europe - Dec 11, 2018

By: XE Market Analysis

Narrow ranges have prevailed so far today. EUR-USD has settled in the mid 1.1300s, consolidating losses from the mid 1.1400s that were seen yesterday, while USD-JPY has settled in the lower 113.0s after capping out at a one-week high yesterday at 113.36. Read more

Xe Market Analysis: Sterling Tumbles as Brexit Vote Postponed

By: xemarketanalysis

OVERVIEW The Euro hit a three month high against Pound as PM May pulls ‘meaningful vote’ Dollar rebounds from the biggest weekly drop in three months Canadian Dollar weakens once again as oil prices decline HIGHLIGHT Sterling broke through the critical 1.2700 level today on the news that PM May was going to delay the vote in the House of Commons over her Brexit deal. Read more

XE Market Analysis: Asia - Dec 10, 2018

By: XE Market Analysis

The dollar was higher in N.Y. on Monday, taking the DXY to seven-session highs of 97.21, up from pre-open levels of 96.55. Stock market volatility reared its head again, leading to safe-haven Dollar buying. Cable losses led USD gains, as P.M. May postponed the parliamentary Brexit vote, leading the Pound to 20-month lows near 1.2500. Read more

XE Market Analysis: North America - Dec 10, 2018

By: XE Market Analysis

The Dollar and Yen have, by varying degrees, traded generally softer against most other currencies, with the main exception being Sterling, which has come under pressure as markets fear fresh political uncertainty in the UK after what is expected to be a failed parliamentary vote tomorrow on the EU Withdrawal Agreement. Read more

XE Market Analysis: Europe - Dec 10, 2018

By: XE Market Analysis

The Dollar and Sterling have come under general pressure, with EUR-USD showing an intraday gain of 0.5% in printing a three-week high at 1.1442, while EUR-GBP saw an every bigger gain in posting a 10-week high at 0.8978. The Pound underperformed the Dollar, too, which has driven a modest loss in Cable, to the lower 1.2700s. Read more

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