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XE Market Analysis: Asia - May 18, 2018

By: XE Market Analysis

The USD index (DXY) clocked a new five-month high, at 93.83, aided by a post-data surge in USD-CAD and continued buoyancy in USD-JPY, which earlier posted a four-month high at 111.08. Weaker than expected inflation data out of Japan has been underpinning the dollar against the yen. Read more

XE Market Analysis: G10 and EM Currencies Rattled by Resurgent US Dollar

By: xemarketanalysis

OVERVIEW The Greenback is closing on strongly for the fifth week in a row, 0.11% against the basket of major currencies. Turkish Lira and the South African Rand weakened to fresh lows as EM currencies continue to slump. West Texas Intermediate at $71.57 barrel, up 8 cents amidst geopolitical risks and supply tightening. HIGHLIGHT Emerging market currencies continue to suffer as we close on this week. Read more

XE Market Analysis: North America - May 18, 2018

By: XE Market Analysis

EUR-USD ebbed back under 1.1800 as market participants cast a wary eye on political developments in Italy, though Wednesday's five-month low at 1.1763 remained untroubled. The 10-year U.S. T-note yield also touched a new seven-year high above 3.11%, before backing to around 3.10%. Read more

XE Market Analysis: Europe - May 18, 2018

By: XE Market Analysis

The yen have traded softer into the London interbank open, which saw USD-JPY touch 111.00 for the first time since January while concurrently lifting yen crosses. AUD-JPY, for instance, clocked a one-month high. A dip in Japanese inflation data weighed on the yen. Read more

XE Market Analysis: Asia - May 17, 2018

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Thursday, keeping the DXY inside a 93.38 to 93.56 trading range, and the major dollar pairings range bound. EUR-USD ranged between 1.1785 and 1.1812, while USD-JPY topped at new trend highs of 110.86 before slipping back to 110.63 lows. Read more

XE Market Analysis: North America - May 17, 2018

By: XE Market Analysis

EUR-USD turned back under 1.1800 after rebound gains stalled at 1.1837. The political evolutions in Italy have continued to see Italian yields rise, and with them other peripheral Eurozone sovereign yields while safe-haven demand for German paper has suppressed Bund yields, which in turn has been weighing on the euro. Read more

XE Market Analysis: Europe - May 17, 2018

By: XE Market Analysis

The dollar and yen traded moderately lower during the Tokyo session, ahead of the London interbank open. USD-JPY has oscillated in the lower 110.0s, holding in a consolidation below the 13-week high that was posted yesterday at 110.45. The intraday low so far is 110.07. Read more

XE Market Analysis: Dollar Firm, Euro Falls on Italian Political Concerns

By: xemarketanalysis

OVERVIEW US Dollar made fresh highs before giving back some ground despite solid data. EUR slides below 1.18 as Italian political parties agree to form a government. GBP little changed, towards recent lows. CAD outperforming other G10 currencies after strong factory sales. Turkish Lira hits a fresh record low, central bank promises ‘necessary steps’ to calm Lira. Read more

XE Market Analysis: North America - May 16, 2018

By: XE Market Analysis

The dollar firmness theme mutated into a specific EUR-USD weakness theme, with the pairing trading under the 1.1800 level for the first time since December while the dollar concurrent gave back some of the gains it saw yesterday versus the yen, Canadian dollar and other currencies. Read more

XE Market Analysis: Europe - May 16, 2018

By: XE Market Analysis

The dollar has been buoyed by rising U.S. Treasury yields. The U.S. 10-year T-note hit a seven-year high above 3.03% while Fed funds futures were, as of the PM session on Wall Street yesterday, fully pricing in at 25 bp tightening at the June 12th-13th FOMC while discounting about 80% odds for another quarter point hike by September. Read more

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