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XE Market Analysis: US Dollar Remains Soft as Fed Meeting Begins

By: xemarketanalysis

OVERVIEW US housing starts fell for a second straight month, and building permits rise. German ZEW survey stronger than expected, economic sentiment index rises to 17.0 from 10.0 in August. GB Pound jumps 0.5 cents versus US Dollar after reports on Boris Johnson resign. Euro slips after ECB sources say board split on setting an end date for bond purchases. Aussie Dollar sees limited impact from upbeat RBA minutes. HIGHLIGHT The US Dollar is down against an overwhelming amount of currencies as the unexpected Trump victory rally ended abruptly. Read more

XE Market Analysis: Asia - Sep 19, 2017

By: XE Market Analysis

The dollar stumbled some early in the session in N.Y. on Tuesday, though was little impacted by the combination of firmer import prices, a wider current account deficit, and near in-line housing starts. Risk appetite perked up some, allowing the greenback to hold its own through the close. Read more

XE Market Analysis: North America - Sep 19, 2017

By: XE Market Analysis

The dollar has traded mixed into the New York interbank open and into the start of the two-day FOMC, posting fresh highs versus the yen and Swiss franc, firming against the pound, while seeing new lows against the euro and Australian dollar. This partly reflects that markets have low expectations from the Fed with regard to tightening guidance, anticipating the central bank to announce the start of a gradual process to unwind its balance sheet, but not much beyond that. Read more

XE Market Analysis: Europe - Sep 19, 2017

By: XE Market Analysis

The yen continued to weaken and the euro outperform, which drove EUR-JPY, now up in eight of the last nine sessions, to a 22-month peak at 134.14. USD-JPY, meanwhile, logged a new two-month high, at 111.88. Markets are factoring in the BoJ to affirm that it remains committed to ultra-accommodative monetary policy at its post-policy meeting announcement on Thursday, given the cool inflation backdrop and continuing concerns about the self-sustainability of economic growth, for the this to emphasize a contrasting bias to other major central banks, which are at varying stages of slow-go policy normalization. Read more

XE Market Analysis: British Pound Slips as Governor Warns of "Considerable Risks"

By: xemarketanalysis

OVERVIEW Majority of FX relatively quiet ahead of the FOMC meeting. GBP under pressure after the best week in years. US stocks hit fresh highs and safe-haven Yen under pressure as risk sentiment improves. Eurozone CPI confirmed at 1.5% in August. HIGHLIGHT The British Pound saw its rally brought to a halt as traders took profit from the currency's 3% rally last week, with most of its gains coming on Thursday and Friday of last week. Read more

XE Market Analysis: British Pound Slips as Governor Warns of "Considerable Risks"

By: xemarketanalysis

OVERVIEW Majority of FX relatively quiet ahead of the FOMC meeting. GBP under pressure after the best week in years. US stocks hit fresh highs and safe-haven Yen under pressure as risk sentiment improves. Eurozone CPI confirmed at 1.5% in August. HIGHLIGHT The British Pound saw its rally brought to a halt as traders took profit from the currency's 3% rally last week, with most of its gains coming on Thursday and Friday of last week. Read more

XE Market Analysis: North America - Sep 18, 2017

By: XE Market Analysis

The dollar started the new week on a mixed footing, managing to eke out a fresh two-month high versus the yen, at 111.44, recouping of the ground lost last week against the pound, while oscillating well within Friday's range in the case against the euro and the Canadian dollar, among other currencies. Read more

XE Market Analysis: Europe - Sep 18, 2017

By: XE Market Analysis

The dollar majors have been in consolidation mode in thin early-week trading, in the absence of Tokyo markets, where were closed in observance of a Japanese public holiday. USD-JPY firmed up some early on, settling above 111.10 but holding below Friday's 111.33 two-month peak. Read more

US Equity and Economic Week in Review: This Week's Rally Wasn't As Strong As You Think

By: HaleStewart

Two hurricanes hit two of the largest US states over the last 5-6 weeks. This had a strong impact on two of this week’s releases (retail sales, initial unemployment claims, and industrial production). It will undoubtedly lower 3Q GDP. By how much is, of course, anybody’s guess. Read more

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