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XE Market Analysis: North America - Mar 23, 2018

By: XE Market Analysis

The dollar is softer today, although above lows seen yesterday versus many of the main currencies, or above the 16-month low that was seen during the Tokyo session earlier today in the case against the yen. EUR-USD clocked a high at 1.2349 earlier, since settling lower by remaining 0.2% up on the day. Read more

XE Market Analysis: Europe - Mar 23, 2018

By: XE Market Analysis

The yen remained underpinned as risk aversion continued to course through global markets on the realizing threat of Trumpian trade wars. USD-JPY logged a 16-month low at 104.64. Japanese inflation data today may have given the yen an added bid, with the BoJ-watched core CPI reading rising to a rate of 1.0% y/y in February from 0.9% in the month prior, although the rate is still well off the central bank's 2% target. Read more

XE Market Analysis: Asia - Mar 22, 2018

By: XE Market Analysis

The DXY bounced to 89.96 highs, after printing 89.41 one-month lows in London morning trade. Risk off conditions prevailed through the session, as trade concerns rose following Trump's direction to the U.S. Trade Office to consider increased tariffs on Chinese goods, with a list that initially would include $50 bln in Chinese exports. Read more

An examination of the rare inversion of *direction* in long vs. short bond yields

By: New_Deal_democrat

Something unusual has happened in the movement of short vs. long term bonds. I'm not talking about a yield curve inversion, because obviously there hasn't been any. In fact, 10 year bonds are still yielding more than 0.5% higher than 2 year bonds, which was a very typical spread during any expansion between the 1960s and 2000s. Read more

XE Market Analysis: Asia - Mar 21, 2018

By: XE Market Analysis

The dollar initially fell, rose to session highs, then turned choppy after the as-expected 25 basis point Fed rate hike. The dot-plot remained at 3 2018 tightenings (some had been expecting a shift to 4), which was likely the catalyst for the initial dollar-slide. Read more

XE Market Analysis: North America - Mar 21, 2018

By: XE Market Analysis

The dollar has traded softer into the Fed's policy announcement. Cable led the way, with the pair gaining about 0.5% following an unexpected dip in the UK unemployment rate and better-than-forecast rise in average household incomes. The pair logged a two-day high at 1.4075. Read more

XE Market Analysis: Europe - Mar 21, 2018

By: XE Market Analysis

The dollar majors have plied narrow ranges to far today. EUR-USD lifted to the north of 1.2250 after logging a three-week low yesterday at 1.2239, which capped a recent down move driven by a widening in the U.S. Treasury over Bund yield spread. USD-JPY has settled to a consolidation with a modest downward drift after a two-day run higher. Read more

XE Market Analysis: Asia - Mar 20, 2018

By: XE Market Analysis

The dollar moved higher in N.Y. trade on Tuesday, with buyers stepping inahead of what will almost surely be a 25 basis point Fed rate hike on Wednesday. The DXY topped at 90.40, a near three-week high, and closed above its 50-day moving average, which stands at 89.95. Read more

XE Market Analysis: UK Inflation Dips

By: xemarketanalysis

OVERVIEW Sterling holds its ground despite slowing inflation data. The Euro dips as the ZEW economic sentiment survey plunges. The RBA minutes point to the low-interest rates boosting employment. The US Dollar remains quiet ahead of tomorrow's FOMC rate decision. HIGHLIGHT We have seen Sterling's rally consolidate above the psychological 1.40 level against the US Dollar, despite lower than expected inflation data that showed prices growing by 2.7% y/y. US DOLLAR The focus for the US Dollar is on tomorrow’s rate decision where rates are expected to rise by 25bps to 1.50-1.75%. BRITISH POUND The Pound is steady today despite lower than expected inflation data at 2.7% y/y, and producer prices which are a pipeline inflation, rising at their slowest rate in more than a year in February at 2.6% y/y. EURO The Euro dropped in value against the US Dollar today as the ZEW economic sentiment indicator dropped from 17.8 to 5.1 as confidence is held back due to a strong Euro and concerns about a potential trade conflict. CANADIAN DOLLAR The Canadian Dollar remains almost 8% from its high in September 2017 as oil prices continue to look a little toppy. AUSTRALIAN DOLLAR The Australian Dollar has sidelined in reaction to the minutes from the RBA meeting which reported that low rates are playing a part in lowering unemployment and lifting inflation. FEATURED CURRENCY The Chinese Yuan has sidelined now for the past couple of months pivoting 6.30 against the US Dollar after strengthening from 6.60 in the fourth quarter of 2017. Read more

XE Market Analysis: North America - Mar 20, 2018

By: XE Market Analysis

The dollar has traded firmer so far today. EUR-USD dipped to the low 1.2300s, aided lower by a sub-forecast German ZEW survey. USD-JPY lifted to a three-session high of 106.86, Bloomberg reported a Japanese MoF official complaining that recent yen movements have been too volatile and trading too strongly. Read more

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