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XE Market Analysis: North America - Nov 15, 2018

By: XE Market Analysis

The Dollar lifted out of lows while the Pound dove sharply as support for UK Prime Minister's Brexit plan collapsed in dramatic fashion, with her Brexit secretary Dominic Raab and two of his cabinet colleagues quitting in protest about the compromises. Read more

XE Market Analysis: Europe - Nov 15, 2018

By: XE Market Analysis

The Dollar has traded broadly softer, extending a them that has evolved over the last couple of days. Sterling has settled at moderately higher levels after rallying during the New York PM session on news that the UK government's Cabinet approved the Brexit plan, though the odds for the plan passing in parliament look to be limited, with Eurosceptic members in both Conservative and Labour parties, along Northern Ireland's DUP and a good chunk of Europhile members of parliament, set to vote against the "worst of both worlds" plan. Read more

XE Market Analysis: Asia - Nov 14, 2018

By: XE Market Analysis

The Dollar rallied slightly following the in-line U.S. CPI data, though later pulled back, resulting in the DXY falling from highs of 97.25 to lows of 96.86. The Greenback again turned higher after the London close. EUR-USD bottomed at 1.1276, while USD-JPY stayed down as Wall Street was crushed again, bottoming at 113.60 from 114.00 highs. Read more

Xe Market Analysis: PM May Presents Brexit Deal in Parliament, Brits Hold their Breath

By: xemarketanalysis

OVERVIEW PM May shared the terms of the Brexit deal with her cabinet. She said the agreement protects jobs, border control, laws, and money. USD holds losses against peer currencies as consumer prices grew in line with October forecasts. The economic slowdowns in Japan, China, and Germany are stoking fears of the same happening in the US. Read more

XE Market Analysis: North America - Nov 14, 2018

By: XE Market Analysis

The Dollar has lifted from lows. EUR-USD has ebbed to the 1.1270-80 area after failing to sustain gains above 1.1300 yesterday. Fundamentals remain favourable for the Dollar with the U.S. economy remaining in relative health and the Fed on course to recommence its gradual-but-persistent tightening schedule at the December FOMC meeting. Read more

XE Market Analysis: Europe - Nov 14, 2018

By: XE Market Analysis

The Pound has extended gains on Brexit hopes, while the dollar has pulled back amid a backdrop of a mixed stock market performance in Asia. Japanese markets managed to outperform after yesterday's slide, with a weaker Yen helping to underpin equity markets. Read more

XE Market Analysis: Asia - Nov 13, 2018

By: XE Market Analysis

The DXY pulled back from its 17-month high of 97.69 posted on Monday, bottoming at 97.08 into the London close on Tuesday. Profit taking appeared to be behind much of the Dollar's declines, as there was little in the way of data to move the market. EUR-USD topped at 1.1294 from opening levels near 1.1255. Read more

XE Market Analysis: UK and EU officials Burning the Midnight Oil to Solve Brexit Enigma

By: xemarketanalysis

OVERVIEW The Dollar Index is slightly lower on profit-taking activities GBP is up 0.8% against the US dollar after UK and EU officials are (reportedly) close to agreeing on a deal NYMEX WTI Crude falls again, down to trade near $58.80 a barrel HIGHLIGHT The Mexican Peso slumped for the second session in a row, touching its lowest level against the US dollar since June. Read more

XE Market Analysis: North America - Nov 13, 2018

By: XE Market Analysis

The Dollar, after rallying to fresh trend highs yesterday, has corrected some today. EUR-USD settled near the 1.1250 level after printing a 17-month low at 1.1215 late yesterday. USD-JPY recouped to 114.00 area after printing a low at 113.58 during the Tokyo AM session. Read more

XE Market Analysis: Europe - Nov 13, 2018

By: XE Market Analysis

The Dollar has softened so far today, correcting some of the gains posted yesterday. This came amid a backdrop of a mixed stock market performance in Asia, with Japan's Nikkei 225 having closed down 2.1% while China's SSE index having finished 0.9% higher, the latter boosted by news that China's senior trade negotiator was preparing a visit to the U.S. Read more

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