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XE Market Analysis: North America - Oct 26, 2017

By: XE Market Analysis

The euro has been trading buoyantly into the ECB announcement today. EUR-USD clocked a one-week high of 1.1837 earlier in the Asian session, and while EUR-JPY and EUR-CHF have remained below their respective 22- and 33-month highs of yesterday, they remain underpinned, with both crosses having picked up from shallow dips. Read more

XE Market Analysis: Europe - Oct 26, 2017

By: XE Market Analysis

The euro has been trading buoyantly into the ECB announcement today. EUR-USD clocked a one-week high of 1.1837 earlier in the Asian session, and while EUR-JPY and EUR-CHF have remained below their respective 22- and 33-month highs of yesterday, they remain underpinned, with both crosses having picked up from shallow dips. Read more

XE Market Analysis: British Pound Jumps as Economy Improves

By: xemarketanalysis

OVERVIEW USD is slightly softer despite strong goods orders and new home sales. GBP is outperforming on November rate hike bets. CAD hits a 3-month low after cautious Bank of Canada statement. The AUD slides after inflation disappointment. EUR is steady with German business confidence at a record high. HIGHLIGHT The British Pound rose one percentage point versus the Dollar and its major counterparts after data showed GDP grew 0.4% in the previous quarter, beating expectations and cementing expectations for a rate hike from the Bank of England next week. US DOLLAR The US Dollar is broadly weaker despite upbeat data. Read more

XE Market Analysis: North America - Oct 25, 2017

By: XE Market Analysis

The dollar lost ground to the euro, and more especially the pound, which rallied strongly on unexpected strength in UK prelim Q3 GDP data, while gaining ground against the yen and Australian dollar, the latter of which took a hit following a miss in Australian CPI data.[EUR, USD]The euro lifted in the wake of a the solid Ifo report, with EUR-USD an intraday high at 1.1781 while EUR-JPY and EUR-CHF rallied to respective 23- and 33-month highs of 134.48 and 1.1698. Read more

XE Market Analysis: Europe - Oct 25, 2017

By: XE Market Analysis

The Aussie dollar came under pressure following sub-forecast inflation data out of Australian, which pushed back on any nascent ideas that the RBA may have been headed for a rate hike. AUD-USD lost 0.7% in making a 0.7716 low, which is the lowest level seen since mid July. Read more

XE Market Analysis: Asia - Oct 24, 2017

By: XE Market Analysis

The dollar edged higher in N.Y. trade on Tuesday, though ranges overall were relatively narrow. There was no data to move markets, though risk-on conditions helped support the greenback. EUR-USD was fairly steady through the session, with no one making waves ahead of Thursday's ECB meeting. Read more

XE Market Analysis: New Zealand Dollar Slumps To 5-Month Low

By: xemarketanalysis

OVERVIEW USD steady as markets focus on Fed and ECB policy decisions. GBP under pressure as Barnier warns no "bespoke" Brexit. EUR marginally higher, EZ data misses’ expectations. US stock markets hit fresh record highs. HIGHLIGHT The New Zealand Dollar is today's worst performing G10 currency, falling one percentage point versus the US Dollar after the incoming labor-led coalition revealed some of its policy plans. Read more

XE Market Analysis: North America - Oct 24, 2017

By: XE Market Analysis

EUR-USD has settled around 1.1750-70 after logging a two-week low at 1.1724 late yesterday. Market participant will remain vigilant on developments in Spain, with Catalonian leaders threatening to unleash mass civil disobedience over the independence issue. Read more

XE Market Analysis: Europe - Oct 24, 2017

By: XE Market Analysis

The dollar majors have posted relatively narrow ranges so far today. EUR-USD has settled around 1.1750 after logging a two-week low at 1.1724 late yesterday. Market participant will remain vigilant on developments in Spain, with Catalonian leaders threatening to unleash mass civil disobedience over the independence issue. Read more

XE Market Analysis: Asia - Oct 23, 2017

By: XE Market Analysis

The dollar was modestly higher in N.Y. trade on Monday, though the DXY managed better than two-week highs of 94.01. There was no data to drive markets, and the risk backdrop had little impact on the FX market, with both yields and stocks range bound. EUR-USD topped at 1.1763 into the London close, then later fell back to 1.1726 lows. Read more

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