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XE Market Analysis: Asia - Dec 17, 2019

By: XE Market Analysis

The Dollar had been on the decline through the London morning session, though perked up after the N.Y. open on the back of better than expected U.S. data. Both housing starts and industrial production beat forecasts, allowing the Greenback to head higher. Read more

XE Market Analysis: Europe - Dec 17, 2019

By: XE Market Analysis

The pound is down 0.5% on the day against both the dollar and euro, and is off by 0.4% versus the yen. The catalyst was news that UK prime minister Johnson will amend the withdrawal agreement bill to outlaw an extension in the transition period beyond the end of 2020. Read more

XE Market Analysis: Asia - Dec 16, 2019

By: XE Market Analysis

The Dollar firmed up some in N.Y. trade on Monday, taking the DXY from 96.94 lows to a 97.11 peak. Holiday mode appears to be upon us, as narrow trading ranges were generally the rule. Decent incoming PMIs and housing builder index helped USD sentiment. Read more

XE Market Analysis: North America - Dec 16, 2019

By: XE Market Analysis

The dollar and yen traded with softening biases against most other currencies, though all the main dollar pairings and associated crosses rates held within Friday ranges, with exceptions of USD-CAD and CAD-CHF, the former of which hit a fresh six-week low in what is now the pair's four consecutive down week. Read more

XE Market Analysis: Europe - Dec 16, 2019

By: XE Market Analysis

The dollar majors have been seeing typically narrow early-week ranges in quite year-end-approaching conditions. The narrow trade-weighted USD index (DXY), at 96.97, was showing a 0.2% decline heading into the London interbank open, correcting about half the gain seen on Friday. Read more

XE Market Analysis: Asia - Dec 13, 2019

By: XE Market Analysis

The Dollar index fell to five-month lows of 96.59 after the N.Y. session on Thursday, down from N.Y. closing highs of 97.27. The move came following the U.K. exit poll, indicating the Tories would win a large majority. This saw the Pound surge, dragging the EUR up with it. Read more

XE Market Analysis: North America - Dec 13, 2019

By: XE Market Analysis

Sterling settled after surging over 2% versus the dollar, euro and yen (averaged) on the initial exit poll that accurately predicted the landslide win for the Conservative Party in the UK's general election. Key takeaways include, 1, the SNP dominated in Scotland, winning 81% of the seats there, meaning that there will be a vigorous push for Scottish independence; 2, the Brexit Party, as expected, didn't win a single seat, but syphoned votes away from Labour in many seats in the Midlands and the North of England; 3, the size of the Conservative Party's win is such that the influence of the hardcore Brexit faction of the party has been diluted, which should give PM Johnson leeway in his upcoming negotiations with EU on a future trade deal. Read more

XE Market Analysis: Europe - Dec 13, 2019

By: XE Market Analysis

Sterling is up by over 2% versus the dollar, euro and yen (averaged) in light of the unexpectedly large win for the Conservative Party in the UK's general election. With 647 of the 650 House of Commons seats declared, the Conservatives have 362 seats, a gain of 47 seats, versus Labour's 203, a loss of 59 seats. Read more

XE Market Analysis: Asia - Dec 12, 2019

By: XE Market Analysis

The DXY bounced from four-month lows of 97.04 in N.Y. trade on Thursday, taking the index to 97.51 highs after the London close. Cooler U.S. PPI, along with a surge in jobless claims saw the USD dip a bit early, though a Trump tweet saying "Getting VERY close to a BIG DEAL with China. Read more

XE Market Analysis: North America - Dec 12, 2019

By: XE Market Analysis

Sterling has seen some chop as the UK public head to the voting booths today, first posting a fresh trend high against the dollar before coming under position-squaring pressure. Cable dropped by over half a big figure after earlier logging an eight-and-a-half high at 1.3229. Read more

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