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XE Market Analysis: Europe - Sep 12, 2019

By: XE Market Analysis

USD-JPY printed a fresh six-week high at 108.16 ahead of the London interbank open, since settling back near the 118.0 mark. The price action is similar to yesterday's, with AUD-JPY and GBP-JPY having concurrently posted new six-week peaks, though EUR-JPY has so far failed to surpass the one-month high the cross saw yesterday. Read more

XE Market Analysis: Asia - Sep 11, 2019

By: XE Market Analysis

The Dollar firmed up some in N.Y. trade on Wednesday, seeing the DXY rally from overnight lows of 98.33, topping at 98.74 at mid-morning. A slightly warmer U.S. PPI core outcome provided some support, though position squaring was behind EUR-USD slippage, ahead of Thursday's ECB meeting. Read more

XE Market Analysis: The Canadian Dollar, The Currency Market’s Only Star Performer

By: xemarketanalysis

OVERVIEW The plot thickens in the British parliament as there is a strong argument that suspension of proceedings is in fact illegal. The Supreme Court will rule next week. Despite significant tensions in many parts of the world, Central Bank meetings are strangely breezy. The Canadian dollar - a star in the currency galaxy. Read more

XE Market Analysis: North America - Sep 11, 2019

By: XE Market Analysis

EUR-USD took a rotation lower, to the 1.1020 area from levels above 1.1050, which was driven by broad, albeit moderate, declines in the common currency. The low for the week, seen on Monday at 1.1015, had been left untroubled as of the early London afternoon session. Read more

XE Market Analysis: Europe - Sep 11, 2019

By: XE Market Analysis

The Dollar has remained mostly in narrow ranges so far today against the other main currencies, with the exception being the Yen, which has continued to see its safe haven premium deflate. USD-JPY printed a fresh six-week peak, at 107.84, in what is now a third consecutive day of ascent, which in turn amid a third consecutive week of gains. Read more

XE Market Analysis: Asia - Sep 10, 2019

By: XE Market Analysis

The Dollar headed slightly lower in quiet N.Y. trade on Tuesday, later recovering to near unchanged on the day. There were few driving factors, with no significant data releases on the calendar. The uptick in the USD later in the session was largely driven by higher Treasury yields, which headed up as the 3-year note auction was poorly subscribed. Read more

XE Market Analysis:British MPs Protest Suspension of Parliament Until October 14th

By: xemarketanalysis

OVERVIEW British MPs loudly voiced their objection to the suspension of parliament until October 14th with chants of "No", songs and signs of protest. US Dollar Index remains flat in these dog days of summer Canadian housing data beat forecasts as the economy shows resilience HIGHLIGHT It appears Prime Minister Johnson will have to go with hat in hand to Brussels and ask for another Brexit extension, despite his extreme reluctance to do so. Read more

XE Market Analysis: North America - Sep 10, 2019

By: XE Market Analysis

Safe haven currencies saw fresh lows against the Dollar, and a range of other currencies, during the pre-London part of the Asian session today before settling amid a generally directionally constrained session in the London morning session in forex markets. Read more

XE Market Analysis: Europe - Sep 10, 2019

By: XE Market Analysis

The Yen has remained under pressure, which has seen both USD-JPY and AUD-JPY print fresh six-week highs. U.S. Treasury Secretary Steven Mnuchin signalled "lots of progress on talks" recently with regard to trade negotiations with Beijing. We've heard such upbeat rhetoric many times in the many previous rounds of the so-far fruitless trade discussions, though the signalling, along with expectations of economic stimulus in Europe and China, have been keeping global stock markets underpinned, which in turn has been feeding an unwinding in the Japanese currency's safe haven premium. Read more

XE Market Analysis: Asia - Sep 09, 2019

By: XE Market Analysis

The Dollar was slightly lower through the U.S. session on Monday, seeing the DXY dip from opening highs of 98.34, to a low of 98.14. There was no incoming data to move the market. EUR-USD rallied from 1.1028 to 1.1068 highs, while USD-JPY fell from 107.18 to 106.93 before bouncing back to 107.15. Read more

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