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XE Market Analysis: Asia - Mar 30, 2017

By: XE Market Analysis

The dollar started the day on a stronger footing, getting a boost overall from an upgraded U.S. Q4 GDP revision. Stocks and yields moved higher, supportive of the greenback as well. Later, the dollar fell across the board, as CNBC reported that the Trump administration is assessing ways to penalize currency manipulators. Read more

XE Market Analysis: Euro Dips on ECB and Inflation Data

By: xemarketanalysis

OVERVIEW Economic sentiment in the Eurozone dipped very marginally in March against the forecast for a slight rise. Consumer confidence was unchanged as expected but inflation expectations surged to its highest reading since 2013. Spanish inflation cooled sharply in March slowing from an annual rate of 3% in February to 2.1%. Read more

XE Market Analysis: North America - Mar 30, 2017

By: XE Market Analysis

The dollar saw fresh highs versus the euro, which remained under general pressure, and remained generally underpinned against most other currencies. EUR-USD clocked a 10-day low at 1.0730. A combo of ECB-speak and Eurozone data maintained pressure on the common currency. Read more

XE Market Analysis: Europe - Mar 30, 2017

By: XE Market Analysis

The dollar has continued to hold up, trading at or near one-week-plus highs versus the other major currencies. USD-JPY earlier clocked a six-day high at 111.42, since ebbing back toward 111.00. EUR-USD has remained heavy, coming within a pip of yesterday's 10-day low at 1.0740, which was seen after a Reuters report suggested that the ECB is not ready to change its dovish guidance, with recent speculation of otherwise having been based on a misinterpretation. Read more

XE Market Analysis: Asia - Mar 29, 2017

By: XE Market Analysis

The dollar was relatively steady through the N.Y. session on Wednesday, trading on either side of 1.0750 against the euro, after slipping from over 1.0780 at the open, and on either side of 111.00 versu the yen. Risk taking levels were mixed, as yields dipped, and Wall Street underperformed. Read more

XE Market Analysis: British Pound Stable as Article 50 Triggered

By: xemarketanalysis

OVERVIEW A source at the ECB said that March’s message of reducing their stimulus was “way over-interpreted”. Ian McCafferty from the BoE played down suggestions that he would follow Kristen Forbes lead and start voting for a rate hike. UK consumer borrowing slowed less than expected in February, rising £1.44bn versus forecasts of £1.3bn. The Fed’s vice chairman Stanley Fischer said that he sees a further two rate hikes this year. Read more

XE Market Analysis: North America - Mar 29, 2017

By: XE Market Analysis

Sterling largely took the signing of the official Brexit divorce papers in stride, moving modestly higher against both the dollar and the euro. Elsewhere, mostly steady equity markets in the U.S. and Europe, along with sideways action in sovereign yields, has seen the dollar flatten out as well. Read more

XE Market Analysis: Europe - Mar 29, 2017

By: XE Market Analysis

It's D-day for Brexit and the pound is down, showing an average 0.4% loss versus the G3 currencies heading into the London interbank open. There is an awful lot of water to pass under the bridge over the next two years, which is the minimum time for negotiations following today's expected long-awaited triggering of Article 50 by PM May, while the EU side may not be ready to negotiate in earnest until after French and German elections, in April and September, respectively. Read more

XE Market Analysis: Asia - Mar 28, 2017

By: XE Market Analysis

The dollar started out on a mostly steady footing in N.Y. on Tuesday, though made advances later in the session, as the latest consumer confidence report was way higher than forecast. This resulted in rising yields, rising stocks, and a rising dollar. Read more

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