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XE Market Analysis: Asia - Oct 26, 2016

By: XE Market Analysis

The dollar pulled back some in morning N.Y. trade on Wednesday, as profit taking continued following Tuesday's nine-month top in the DXY. Incoming U.S. data was supportive of the greenback however, with trade and inventory data implying a stronger Q3 GDP reading. Read more

XE Market Analysis: The Aussie Shows Kangaroo-like Qualities

By: xemarketanalysis

OVERVIEW Sterling took a pounding yesterday from 1.2240 to 1.2080 as higher US house prices helped strengthen the US dollar while domestic politics in the UK weakened Sterling. The Canadian Dollar continues to weaken gradually to 1.3350 against the US Dollar despite a gradual strengthening in oil prices. The Swiss Franc had a sudden move yesterday as the SNB started to step up its rhetoric with regards to the strength of the Swiss Franc. The range in EUR/USD remains in place between 1.08-1.13, which has contained volatility over the last 3 months. HIGHLIGHT The Australian Dollar bounced on the back of higher than expected inflation data which grew by 0.7% against forecasts of 0.5%. US DOLLAR The strong US Dollar is having a knock-on effect for foreign investors’ appetite for bonds. Read more

XE Market Analysis: North America - Oct 26, 2016

By: XE Market Analysis

The dollar traded on softer footing, principally against the euro and the Australian dollar. EUR-USD popped above yesterday's 1.0905 high, building on the rebound from the 1.0851 low, which was the lowest level seen since March. The high so far is 1.0933, which is the loftiest level seen since last Thursday's post-policy meeting ECB press conference. Read more

XE Market Analysis: Europe - Oct 26, 2016

By: XE Market Analysis

Most dollar majors are trading near net unchanged as the London interbank enters the fray. EUR-USD has seen less than a 20 pip range in the upper 1.08s after failing to sustain yesterday's brief gains above 1.0900 nor earlier losses that left a seven-month low at 1.0851. Read more

XE Market Analysis: Asia - Oct 25, 2016

By: XE Market Analysis

The dollar rallied in early N.Y. trade, taking the DXY to nine-month high over 99.00. EUR-USD touched 1.0852, a better than seven-month low, as USD-JPY rallied to a nearly three-month high of 104.85m, as cable slid to 1.2089, levels last seen on the "flash-crash" on October 7. Read more

XE Market Analysis: North America - Oct 25, 2016

By: XE Market Analysis

The yen weakened, which lifted USD-JPY and EUR-JPY, and other yen crosses, while EUR-USD saw on a brief bid following forecast-beating German Ifo business expectations survey for October. The Canadian dollar was volatile, rallying sharply before dropping back following remarks by BoC Governor Poloz, who miscommunicated that monetary policy would be on hold before correcting his statement.[EUR, USD]The euro edged out fresh intraday highs against the dollar, euro and Swiss franc, among other currencies. Read more

XE Market Analysis: Greeback Comfortable Before Election

By: xemarketanalysis

OVERVIEW The Chinese Yuan trades at its lowest levels since the Bank of China opened the currency up to offshore trade in 2010. The Pound comes under renewed pressure ahead of Central Bank Governor Mark Carney’s address later this afternoon. Dollar remains strong as FED's Williams hints at December rate hike again. Read more

XE Market Analysis: Europe - Oct 25, 2016

By: XE Market Analysis

USD-JPY edged out a 13-day high of 104.49 in a quiet news day in Asia, building on gains seen yesterday. The pair needs to rally above 104.63, which is the October-12 peak, to extend the rally seen from levels near 100.00 in late September. EUR-JPY, AUD-JPY and other yen crosses are also up today, reflecting broad yen weakness. Read more

XE Market Analysis: Asia - Oct 24, 2016

By: XE Market Analysis

The dollar trended higher in N.Y. trade on Monday, keeping the DXY near its almost nine-month high recorded in London. EUR-USD eased under 1.0875 from highs of 1.0899 into the open, while USD-JPY topped at better than a one-week high over 104.30. USD-CAD ran up to within a hair of the 134.00 mark, while cable ebbed back under 1.2200. Read more


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