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XE Market Analysis: The Fed Commands the Spotlight, Trump Expects Bigly Rate Cut

By: xemarketanalysis

OVERVIEW The FOMC is expected to introduce an interest rate cut in today's monetary policy decision. PM Johnson insists the UK will leave the EU on October 31st, though equally strong statements from opposition suggest it won't happen without a deal. The Aussie and Kiwi dollars are both sinking slowly HIGHLIGHT The greenback keeps a positive tone, trading broadly higher against its major peers this morning. Read more

XE Market Analysis: Europe - Sep 18, 2019

By: XE Market Analysis

The Dollar majors have been holding narrow ranges so far today, with AUD-USD and NZD-USD relative outliers in showing respective declines of 0.2% and 0.3% heading into the London interbank open. USD-JPY has maintained a narrow range in the lower 108.0s and EUR-USD around the 1.1065-70 mark, consolidating after rebounding yesterday from Monday's bout of dollar-driven losses. Read more

XE Market Analysis: Asia - Sep 17, 2019

By: XE Market Analysis

Overall, the Dollar reversed course lower in N.Y. trade on Tuesday, with the DXY unwinding the gains seen to start the week. The Dollar index pulled back to 98.23, coming from four-session highs of 98.74 seen overnight. Position squaring ahead of Wednesday's FOMC announcement, where a 25 basis point rate hike is widely expected, was the driver of the Greenback's modest move lower. Read more

XE Market Analysis: The Currency Market Steadies After Yesterday's Wild Start

By: xemarketanalysis

OVERVIEW PM Boris Johnson's efforts in Luxembourg to amend the Brexit divorce deal are unsuccessful. UK courts consider whether the prorogation of parliament was legal, or simply an effort by Johnson to eliminate debating Brexit with MPs The Euro is under the influence of a survey which shows a weakening German economy, even as economic sentiment has improved slightly. Read more

XE Market Analysis: The Currency Market Steadies After Yesterday's Wild Start

By: xemarketanalysis

OVERVIEW PM Boris Johnson's efforts in Luxembourg to amend the Brexit divorce deal are unsuccessful. UK courts consider whether the prorogation of parliament was legal, or simply an effort by Johnson to eliminate debating Brexit with MPs The Euro is under the influence of a survey which shows a weakening German economy, even as economic sentiment has improved slightly. Read more

XE Market Analysis: The Currency Market Steadies After Yesterday's Wild Start

By: xemarketanalysis

OVERVIEW PM Boris Johnson's efforts in Luxembourg to amend the Brexit divorce deal are unsuccessful. UK courts consider whether the prorogation of parliament was legal, or simply an effort by Johnson to eliminate debating Brexit with MPs The Euro is under the influence of a survey which shows a weakening German economy, even as economic sentiment has improved slightly. Read more

XE Market Analysis: North America - Sep 17, 2019

By: XE Market Analysis

The Dollar has traded mostly firmer, gaining around 0.5% versus the day's underperformer, the Australian Dollar, and showing modest gains versus the Yen, Canadian Dollar and Sterling, among other currencies, while holding steady versus the Euro. The U.S. Read more

XE Market Analysis: Europe - Sep 17, 2019

By: XE Market Analysis

The Australian Dollar ebbed to an 11-day low versus the U.S. Dollar, at 0.6833. Several factors weighed on the antipodean currency. First, the RBA minutes from the September policy meeting showed that the central bank remains disposed to further easing, and second, Australian consumer sentiment fell to a two-year low. Read more

XE Market Analysis: Asia - Sep 16, 2019

By: XE Market Analysis

The Dollar headed higher in N.Y. trade on Monday, with safe-haven flows driving gains. The attack on Saudi oil infrastructure over the weekend saw gold and Treasuries head higher (along with oil prices), while equity markets were broadly lower. Incoming U.S. Read more

XE Market Analysis: Drone Attacks on Saudi Oil Refineries Cause Currency Investors to Shift to Risk Off

By: xemarketanalysis

OVERVIEW Oil prices climb following oil refinery attacks by drones. Iran denies responsibility. A quiet day for data announcements today as central bank executives gather to decide on next policy steps. The EU is pushing the responsibility for the Irish backstop on UK leaders to solve. Read more

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