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XE Market Analysis: North America - Jul 16, 2018

By: XE Market Analysis

The Dollar has traded lower so far today, which has pushed the narrow trade-weighted USD index down 0.3% to a three-session low of 94.48 while EUR-USD edged out a fresh high of 1.1711, which is the loftiest level seen since last Wednesday. The U.S. currency also posted losses against the Pound, Swiss Franc and other currencies, although USD-JPY was an exception, with the pairing holding in a narrow range in the mid 112.00s, while EUR-JPY lifted to a fresh 10-week high of 131.61. Read more

XE Market Analysis: Europe - Jul 16, 2018

By: XE Market Analysis

Both the Dollar and Yen have weakened against most currencies so far today. USD-JPY itself has been holding a narrow range in the mid 1.1200s after recovering from an early dip to a 1.1221 low. EUR-USD, meanwhile, has popped above 1.1700 for the first time since last Wednesday, while EUR-JPY lifted to a fresh 10-week high of 131.58. Read more

XE Market Analysis: Asia - Jul 13, 2018

By: XE Market Analysis

The dollar index lost ground in N.Y. trade on Friday, though had come from two-plus week highs of 95.24, on its way to 94.78 lows. Incoming data was mixed, with import prices lower, export prices highs, and a slip in the Michigan consumer sentiment index. Read more

XE Market Analysis: Dollar Wears with Crown as Trump Rubs Brexit Salt

By: xemarketanalysis

OVERVIEW Mighty US Dollar at a 2-week high against majors. Kiwi squeezed to a 2-year low after investors dump commodity currencies. WTI oils steady after falling nearly 6% over the past 2 days. HIGHLIGHT The Turkish Lira lost 5.5% of its spot value of the past five trading sessions and is the worst performing EMEA currency. Read more

XE Market Analysis: North America - Jul 13, 2018

By: XE Market Analysis

The dollar and yen traded generally firmer against most other currencies, with the U.S. currency in turn outperforming its Japanese counterpart. In the mix was an underperformance by sterling, which has been affected by a swirling Brexit storm. EUR-USD posted an 11-day low at 1.1612, extending what is a now run of five consecutive down days, during which time both the 20- and 50-day moving averages have been breached. Read more

XE Market Analysis: Europe - Jul 13, 2018

By: XE Market Analysis

USD-JPY rallied to a fresh six-month high, of 112.77, as most global stock markets continued to rally, buoyed by a strong global economy and expectations for a solid Q2 corporate earnings reporting season. Chinese markets have still underperformed, however, along with the Australian share market, on concerns about worsening Sino-U.S. Read more

XE Market Analysis: Asia - Jul 12, 2018

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Thursday, leaving the DXY little changed. Slightly cooler than forecast U.S. CPI dented the greenback a bit early on, though the unit steadied inside narrow ranges after that. EUR-USD remained inside of a 1.1696 to 1.1654 band, while USD-JPY was stuck between 112.37 and 112.58. Read more

XE Market Analysis: Oil Recovers as the Stock Market Rises

By: xemarketanalysis

OVERVIEW Stock markets are higher overnight on better earnings data. Oil recovers after a brief dip below $70. Trump's tour of Europe yet to provide any fireworks for markets. HIGHLIGHT See featured currency of the day! US DOLLAR USD printed at 6-month highs against JPY, buoyed by elevated inflation data. Read more

XE Market Analysis: North America - Jul 12, 2018

By: XE Market Analysis

Yen weakness has been the dominant theme today amid a rebound in global asset markets after the steep losses of yesterday. USD-JPY rallied to six-month highs above 112.50 after breaking above the May high at 111.39. EUR-JPY lifted into two-month-plus high terrain, and AUD-JPY reversed the outsized losses the cross had seen yesterday (following Trump's threat to slap tariffs on a further $200 bln worth of Chinese imports). Read more

XE Market Analysis: Europe - Jul 12, 2018

By: XE Market Analysis

The yen has weakened amid a risk appetite revival in global asset markets amid a de-escalation in trade tensions, with both Washington and Beijing signalling a willingness to re-start bilateral negotiations. USD-JPY rallied to a six-month high of 112.38 after breaking above the May high at 111.39. Read more

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