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XE Market Analysis: North America - Jun 29, 2017

By: XE Market Analysis

The dollar and yen lost ground to most other currencies. The euro logged fresh trend highs versus the dollar and yen, though traded more mixed against other currencies, gaining versus the Swiss franc but losing ground to the pound and commodity currencies today. Read more

XE Market Analysis: Europe - Jun 29, 2017

By: XE Market Analysis

The dollar and yen have weakened against most currencies today. EUR-USD edged out a one-year peak at 1.1419, Cable posted a three-week high at 1.2876, USD-CHF forayed into seven-month-plus low territory, and the greenback saw respective four- and three-month lows against the Canadian and Australian dollars. Read more

XE Market Analysis: Asia - Jun 28, 2017

By: XE Market Analysis

Central bankers riled up markets in N.Y. on Wednesday, with the BoE's Carney hinting at a rate hike. The pound surged higher on the news, topping at three-week highs of 1.2972. In Europe, a Bloomberg "source" report implied the markets had misinterpreted Draghi's hawkish tone on Monday, resulting in a briefly lower euro. Read more

XE Market Analysis: British Pound Jumps on Carney's U-Turn

By: xemarketanalysis

OVERVIEW Central bank speak has dominated the markets today causing some large swings in the Euro, the Pound, and the Canadian Dollar. Eurozone central bank sources told Reuters the market had overinterpreted comments from ECB President Mario Draghi yesterday. Nationwide reported UK house prices rose 1.1% in June, the biggest jump since April 2015 that pushed annual price growth up to 3.1%. U.S. Read more

XE Market Analysis: North America - Jun 28, 2017

By: XE Market Analysis

The dollar continued to trade mixed, losing ground to the euro and Canadian dollar, holding steady versus the yen while gaining ground against the Australian dollar. EUR-USD extended the ECB taper-talk rally, catalysed by Draghi's remarks of yesterday, and clocked a one-peak at 1.1388, subsequently settling around 1.1360. Read more

XE Market Analysis: Europe - Jun 28, 2017

By: XE Market Analysis

The euro's ascent has continued, with EUR-USD logging a high at 1.1378, which is the loftiest level seen since June 2016, while EUR-JPY made a 127.77 peak, the highest level the cross has seen since March 2016. EUR-GBP has punched above recent congestion highs and is trading in seven-month high territory. Read more

XE Market Analysis: Asia - Jun 27, 2017

By: XE Market Analysis

The dollar fell against the European majors and the CAD in N.Y. on Tuesday, with EUR-USD printing 10-month highs of 1.1343 following hawkish comments from ECB chief Draghi. Cable was dragged higher as well, topping 1.2800 for the first time in over a week. Read more

XE Market Analysis: Euro Jumps on Draghi's Stimulus Comments

By: xemarketanalysis

OVERVIEW The Bank of England tightened its credit rules for banks to cool borrowing, particularly by consumers. The Confederation of British Industry (CBI) said its monthly retail sales balance rose to +12 in June, far exceeding forecasts of +2. U.S house price growth unexpectedly slowed to 5.7% last month. U.S. Read more

XE Market Analysis: North America - Jun 27, 2017

By: XE Market Analysis

The dollar traded generally softer today as markets continued to digest yesterday's sub-forecast U.S. durable orders report and softening price indicators in the Dallas Fed index. The narrow trade-weighted USD index was showing a 0.5% decline as of the early European PM session, just above the low at 96.58, which is a two-session low. Read more

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