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XE Market Analysis: Sterling Plummets to a Multi-Month Low

By: xemarketanalysis

OVERVIEW The Pound slid to a 10-month low against the US Dollar today. Dollar Index hits two weeks high on positive tone from Powell. US 2-year treasury yields hit decade highs of 2.62%. HIGHLIGHT The Pound continues to struggle in general as the political instability and lack of increasing yield hounds the Sterling. Read more

XE Market Analysis: Asia - Jul 18, 2018

By: XE Market Analysis

The Dollar index lost a little ground in N.Y. trade on Wednesday, touching 94.99 lows after opening at 95.31, a three-week high. Weaker U.S. housing starts dented USD sentiment to a degree, while the remainder of losses came on the back of light profit taking. Read more

XE Market Analysis: North America - Jul 18, 2018

By: XE Market Analysis

The Dollar extended gains that was prompted by the upbeat remarks on the U.S. economy from Fed chair Powell yesterday. The narrow trade-weighted USD index (DXY) gained 0.4% in printing a three-week high at 95.39. EUR-USD descended to a two-week low at 1.1607, and USD-JPY ascended above 113.00 for the first time since January. Read more

XE Market Analysis: Europe - Jul 18, 2018

By: XE Market Analysis

The Dollar has traded firmer for a second day, buoyed by an upbeat prognosis of the U.S. economy and outlook by Fed chair Powell yesterday at his semi-annual testimony before the Senate Banking Committee. EUR-USD descended to a three-day low at 1.1631 while USD-JPY ascended above 113.00 for the first time since January. Read more

XE Market Analysis: Asia - Jul 17, 2018

By: XE Market Analysis

The DXY rallied to a four-session high of 95.03, up from 94.30 lows into the N.Y. open. The dollar found support from Fed chair Powell testimony, as he remained upbeat on the U.S. economy, and indicated further gradual rate hikes. EUR-USD fell from 1.1710 at the open to a low of 1.1651. Read more

XE Market Analysis: The Greenback Feeling Flat After Russian Roulette

By: xemarketanalysis

OVERVIEW USD threading waters as investors wait for the Powell show in Capitol Hill. British Pound is the worst G-10 performer over concerns that UK PM is losing power grip. WTI is trying to recover after falling sharply 4.65% yesterday. HIGHLIGHT Investors have switched their attention to Powell’s show and the Mexican Peso that has halted its three-day winning run. Read more

XE Market Analysis: North America - Jul 17, 2018

By: XE Market Analysis

The Dollar remained on a softening tack against most currencies, with the Yen remaining the principal exception, though the U.S. currency managed to pare declines into the New York interbank open. EUR-USD posted a four-session high of 1.1744, and EUR-JPY clocked a two-month high. Read more

XE Market Analysis: Europe - Jul 17, 2018

By: XE Market Analysis

The Dollar majors have been holding narrow ranges for the most part, with EUR-USD, USD-JPY, Cable, AUD-USD, and other pairings, showing respective net changes of less than 0.2% on the day so far. EUR-USD has been making time in the lower 1.1700s, and USD-JPY in the lower 112.00s, after edging out a two-session high of 112.57. Read more

XE Market Analysis: Asia - Jul 16, 2018

By: XE Market Analysis

FX trade was quiet in N.Y. on Monday, leaving the Dollar index little changed on the session. U.S. retail sales came in as-expected, while the Empire State index dipped, but not as much as forecast. Neither had much impact on the FX market. EUR-USD ranged between 1.1724 and 1.1695, while USD-JPY was stuck inside of 112.23-112.44. Read more

XE Market Analysis: Risk Appetite Returns to Currency Markets

By: xemarketanalysis

OVERVIEW US Dollar slips as the risk trade returns. Pound choppy as Brexit plan was debated in parliament. EU trade surplus narrows. HIGHLIGHT Global risk appetite returned to currency markets today as an all-out trade war seemed unlikely. Read more

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