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XE Market Analysis: Asia - Feb 26, 2019

By: XE Market Analysis

The Dollar eased in N.Y. on Tuesday, taking the DXY to 95.97 lows, from highs of 96.46. Mixed U.S. data had an impact on the Greenback, with weak housing starts weighing on the USD, and stronger consumer confidence supporting. Fed chair Powell revealed no surprises in his congressional testimony, making it clear the Fed was on hold, and awaiting incoming data. Read more

XE Market Analysis: Fed Chair Powell Expected to Preach the Gospel of Patience from the Hill.

By: xemarketanalysis

OVERVIEW The US dollar Index is slightly lower as market avoids heavy bets ahead of Powell’s testimony. The British pound puts in a strong performance, on renewed hopes of a better and orderly Brexit. Read more

XE Market Analysis: North America - Feb 26, 2019

By: XE Market Analysis

The Dollar has traded mixed so far today, gaining versus underperforming Dollar bloc currencies while losing ground to the Yen and, more especially, the Pound. Cable punched above 1.3200 for the first time since late January, while EUR-GBP dove to one-month low terrain with the UK prime minister reportedly shifting position to provide a route to a delay in the Brexit process should her Withdrawal Agreement ultimately fail in parliament. Read more

XE Market Analysis: Europe - Feb 26, 2019

By: XE Market Analysis

The Pound has rallied on UK PM May's reported pivot on Brexit amid reports that she will offer a route to delay the Brexit process beyond March 29. The BBC reports that about a dozen ministers have threatened to resign unless this happens. Sterling, which has been trading at a significant discount since the vote to leave the EU in June 2016, is showing a 0.4% gain on the day against both the Dollar and Euro, although a little off its highs. Read more

XE Market Analysis: Asia - Feb 25, 2019

By: XE Market Analysis

The Dollar index advanced in early N.Y. trade on Monday, though gave back the bulk of its gains after the London close. Wall Street was higher following Trump's delaying imposition of higher tariffs on Chinese goods, which ultimately saw USD safe-haven buying dry up. Read more

XE Market Analysis: North America - Feb 25, 2019

By: XE Market Analysis

The Dollar traded mostly softer, appearing lose some of its safe haven premium amid a risk-on backstop in global markets. China proxy currencies outperformed, concomitantly with China's SEE staging of a 5.6% rally, which spearheaded a broader risk-on play in markets after President Trump said the U.S. Read more

XE Market Analysis: Europe - Feb 25, 2019

By: XE Market Analysis

The China-proxy Australian and New Zealand currencies rallied as China's SSE index surged over 5%, spear-heading a broader risk-on play in markets after President Trump said the U.S. would delay an increase in tariffs on $200 bln of Chinese imports beyond the March-1 deadline, citing "productive" trade talks. Read more

XE Market Analysis: Asia - Feb 22, 2019

By: XE Market Analysis

The Dollar headed lower on Friday in N.Y., driven largely by hopes for progress on U.S. trade talks. Trump said the deal with China is more likely happening that not happening, according to headlines on Bloomberg. The president said he could extend the trade truce a month or so with progress. Read more

XE Market Analysis: The Currency Market Searches for New Direction As Central Bankers Take the Stage

By: xemarketanalysis

OVERVIEW The US dollar is trading flat against the G-10 currencies on the day but close to the week’s high.  The Australian dollar is nursing its wounds after slumping nearly 2% on a coal crisis. Read more

XE Market Analysis: North America - Feb 22, 2019

By: XE Market Analysis

The Dollar has been trading mixed so far today in a forex market lacking a clear directional theme. EUR-USD been making time in the mid 1.1300s, holding within yesterday's 1.1320-1.1366 range. The February German Ifo survey came in below forecasts, at 98.5 in the headline reading, down from 99.1 and the lowest since 2014, with both current conditions and expectations components showing declines. Read more

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