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XE Market Analysis: Asia - Dec 27, 2017

By: XE Market Analysis

FX trade was sleepy in N.Y. on Wednesday, with activity drying up into year-end. The dollar was mixed, losing marginal ground to the euro and pound, while making modest inroads against the yen and CAD. Slow trade can be expected to continue until 2018 kicks off next week.[EUR, USD]EUR-USD pulled back from near one-month highs of 1.1910, bottoming at 1.1886 into the London close. Read more

XE Market Analysis: North America - Dec 27, 2017

By: XE Market Analysis

The dollar has been trading with a soft tilt, with USD-JPY edging out a four-session low at 113.12, EUR-USD a four-session high at 1.1889, and USD-CAD making three-week low and AUD-USD a two-month high, at 0.7773, with the Aussie buoyed by a strong rally in copper prices. Read more

XE Market Analysis: Europe - Dec 27, 2017

By: XE Market Analysis

The dollar has been trading with a soft tilt, with USD-JPY edging out a four-session low at 113.12, EUR-USD a four-session high at 1.1884, and USD-CAD making three-week low and AUD-USD a two-month high, at 0.7750. This has come despite robust producer sentient data yesterday out of the U.S., along with the expected fiscal stimulus to come after the passing of the U.S. Read more

US Economic Week in Review: The Economy Ends the Year on a Strong Note

By: HaleStewart

The BEA released their last GDP estimate of the US economy earlier this week. The report showed that the economy is doing very well. On a Y/Y basis, topline growth was 2.3%, which continues the quarterly increase in this number. Individual components were also very strong. Read more

US Bond Market Year in Review: A Narrowing Curve, No Stress and No Inflation

By: HaleStewart

It’s been a very busy year in the bond market. The treasury spread – which no one has discussed since the end of the recession – jumped back into the headlines as the 10-2 differential broke 100 basis points; other spreads came in to varying degrees. Read more

Weekly Indicators: spreads fall to 10 year low edition

By: New_Deal_democrat

November housing data was all strongly positive, including permits, starts, and new and existing home sales. Partly as a result of that, the Index of Leading Indicators increased. Personal income and spending were up, but at the expense of a decline in the savings rate. Read more

XE Market Analysis: North America - Dec 22, 2017

By: XE Market Analysis

Narrow ranges have prevailed so far today, which will more than likely remain the case with market participants non-committal so close to the holiday period and year-end. USD-JPY has settled around the 113.25-25 mark after yesterday clocking a 10-day high of 110.63. Read more

XE Market Analysis: Europe - Dec 22, 2017

By: XE Market Analysis

Currencies are likely to remain range bound as market participants will be non-committal into the holiday period. The yen, while steady today, has been finishing the year on a softening tack. 'Abenomic' policies remain in full swing, with the cabinet today approving a stimulus budget, and with the BoJ having signalled yesterday that it is in no rush to exit from crisis-mode monetary stimulus. Read more

XE Market Analysis: Asia - Dec 21, 2017

By: XE Market Analysis

The dollar index pulled back from the 93.50 level at the N.Y. open, to a base of 93.26, in relatively light trade. In coming U.S. data weighed on the greenback to an extent, as Q3 GDP was revised slightly lower, and jobless claims rose more than expected. Read more

XE Market Analysis: North America - Dec 21, 2017

By: XE Market Analysis

The dollar majors have posted narrow ranges, though USD-JPY still managed to eke out a nine-day high of 113.63, which caps a third straight day of gains. The BoJ left policy unchanged at its final policy meeting of the year, noting that the economy will continue its "moderate expansion," but signalling that it was in no rush to remove crisis-mode stimulus. Read more

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