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XE Market Analysis: Asia - Jan 18, 2017

By: XE Market Analysis

The dollar traded with little direction with London out of the picture. The buck settled with a net 0.2% gain versus the euro, a 0.6% advance against the yen and a 0.7% rise on the pound, which is the day's underachieved out of the currencies we follow. Read more

Inflation for 2016 ends above Fed target

By: New_Deal_democrat

One of my big themes for what is likely to happen this year is that the rate of inflation increases to over 2% and stays there, leading the Fed to chase it by aggressively raise rates. This in turn is likely to cause a slowdown in the growth of consumer spending. Read more

XE Market Analysis: Surprise UK Wage Inflation

By: xemarketanalysis

OVERVIEW UK wage inflation surges by 2.8% year-over-year in November, previously from 2.6%. There are mixed reactions in Europe due to May's Brexit speech yesterday. Consumer price inflation in the United States rose by 2.1%, its largest increase in 2.5 years, justifying the recent 25 bps hike by the FOMC. New home prices rise by 12.4% year-over-year in China. HIGHLIGHT The Pound is consolidating at these higher levels since Prime Minister May's Brexit plan conference. Read more

XE Market Analysis: North America - Jan 18, 2017

By: XE Market Analysis

The dollar recouped some of ground lost yesterday with market participants eyeing the upcoming release of U.S. CPI data, which we expect to spike to 2.1% y/y in December from 1.7% y/y, and which would arm Fed policymakers with fresh ammo for hawkish guidance. Read more

XE Market Analysis: Europe - Jan 18, 2017

By: XE Market Analysis

The dollar recouped some of yesterday's lost ground, seen after Trump complained that the greenback was "too strong" in a WSJ interview. USD-JPY has returned to the low 113s after logging a six-week low at 112.57 yesterday. EUR-USD has ebbed back to around 1.0680 after clocking a six-week peak at 1.0719 yesterday. Read more

XE Market Analysis: Asia - Jan 17, 2017

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Tuesday, and while the dollar stayed off its overnight lows, did not manage much of a bounce through the session. Aside from the Empire State index, which was largely ignored, there was nothing on the calendar to drive markets. Read more

Bank of England May Be Facing an Inflation Problem in the Near Future

By: HaleStewart

Immediately after the U.K’s Brexit vote, economists predicted that Britain would fall into recession. That hasn’t happened. In fact, the most recent PMI surveys from Markit indicate the manufacturing and service sectors strengthened in the 2H16 and are poised to continue growing in the immediate future. Read more

XE Market Analysis: British Pound on Course for Biggest Rise Since 1998

By: xemarketanalysis

OVERVIEW Theresa May's Brexit speech has put the Pound on course for its biggest one-day rise against the Dollar in over 14 years, as she provided clarity on the UK government's Brexit stance. Prime Minister May said the UK will leave the single market and the customs union to restore sovereignty over laws, controlling immigration from Europe and freeing the UK to agree its own trade deals with the rest of the world. Read more

XE Market Analysis: North America - Jan 17, 2017

By: XE Market Analysis

The dollar came under broad pressure as Trumpflation trades unravel some more after president-elect Trump said the dollar is "too strong" against the Chinese currency in an interview with the WSJ. While aimed at China markets have taken the remarks as a backlash against the 5%-odd rally the dollar saw following Trump's victory in the presidential election two months ago. Read more

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