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XE Market Analysis: North America - Aug 24, 2016

By: XE Market Analysis

The dollar reversed yesterday's weakness today in news-light summertime dealings. USD-JPY eked out a two-day peak of 100.52, while EUR-USD ebbed to a two-session lows below 1.1300. Dollar majors have essentially settled ahead of Fed Chair Yellen's keynote address on Friday. Read more

XE Market Analysis: Europe - Aug 24, 2016

By: XE Market Analysis

The dollar reversed yesterday's weakness today in news-light pre-London dealing in Asia. USD-JPY eked out a two-day peak of 100.52, while EUR-USD ebbed to a two-session lows below 1.1300. Dollar majors have settled ahead of Fed Chair Yellen's keynote address on Friday amid summertime thinness. Read more

XE Market Analysis: Asia - Aug 23, 2016

By: XE Market Analysis

The dollar was fairly steady in N.Y. trade on Tuesday, after losing ground overnight. Incoming U.S. data was mixed, with new home sales beating expectations while the Richmond Fed index plunged. EUR-USD topped at 1.1348 early in the session, and later made its way to 1.1306 lows. Read more

XE Market Analysis: NZ Dollar Rises Despite Possible Rate Cuts

By: xemarketanalysis

OVERVIEW RBNZ's governor Wheeler indicated plans to cut rates below the current record low of 2%. Eurozone flash estimates of the August purchasing managers index show a slight increase in the composite index on stronger services activity. UK manufacturing export orders rose to their highest level in two years in August. Read more

XE Market Analysis: North America - Aug 23, 2016

By: XE Market Analysis

The dollar traded on a soft footing, although recouped from lows seen during the London AM session. USD-JPY pressure drove the broader move following a Nikkei newspaper article that shone a light on growing market speculation that the Japanese government will not intervene in the currency market any time soon, which, the report maintains, may take away what little downward pressure still remains on the yen. Read more

XE Market Analysis: Europe - Aug 23, 2016

By: XE Market Analysis

The dollar traded softer in pre-London open dealings today, led by USD-JPY, which dove back to the low 100.00s. This put in a little distance form yesterday's four-session high at 100.93. A burst of yen buying was seen in Tokyo in response to a Nikkei newspaper article that shone a light on growing market speculation that the Japanese government will not intervene in the currency market any time soon, which, the report maintains, may take away what little downward pressure still remains on the yen. Read more

XE Market Analysis: Asia - Aug 22, 2016

By: XE Market Analysis

FX trade was relatively quiet to start the week, though the greenback was mostly lower overall. There was no data to rive U.S. markets, though yields edged lower, perhaps weighing on the dollar some. EUR-USD topped at 1.1330 after basing at 1.1300, as USD-JPY stumbled to 100.22 lows, down from opening highs over 100.60. Read more

XE Market Analysis: Euro Rises Despite Possible Rate Hikes

By: xemarketanalysis

OVERVIEW Following upbeat comments from the Vice Chairman of the Fed, the US Dollar is starting the week higher against its major counterparts. Janet Yellen will deliver a speech on Friday at the annual gathering of central bankers regarding interest rates. The Yen weakens as Bank of Japan governor Kuroda warns they could still cut rates deeper into negative territory. HIGHLIGHT The Euro rose above 1.13 against the Dollar last week, up by 1.5% despite comments from Fed members over possible rate hikes. Read more

XE Market Analysis: North America - Aug 22, 2016

By: XE Market Analysis

The dollar rallied after Fed Vice Chairman Stanley Fischer said over the weekend that inflation was "within hailing distance" of the 2% target. This puts the spotlight on Yellen's keynote address due this Friday from the annual Jackson Hole Economic Policy Symposium. Read more

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