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XE Market Analysis: Asia - Oct 19, 2018

By: XE Market Analysis

The Dollar slipped some in N.Y. trade on Friday, taking the DXY from near two-week overnight highs of 96.05 to 95.55 lows. Soft U.S. housing data had little impact, and pre-weekend profit taking appeared to have been the main driver, following a week of fairly steady gains. Read more

XE Market Analysis: The Canadian Loonie Nosedives as Economic Data Causes Turbulence

By: xemarketanalysis

OVERVIEW The US Dollar moves to a three-week high against the G-10 currencies as market fear eases Italian yield spread against German bond fund widens over Italy's spending plan NYMEX WTI Crude cracks below $70.00 a barrel, down 90 cents on the day. HIGHLIGHT The South African Rand continues to advance for the second week as foreign investors return. Read more

XE Market Analysis: The Canadian Loonie Nosedives as Economic Data Causes Turbulence

By: xemarketanalysis

OVERVIEW The US Dollar moves to a three-week high against the G-10 currencies as market fear eases Italian yield spread against German bond fund widens over Italy's spending plan NYMEX WTI Crude cracks below $70.00 a barrel, down 90 cents on the day. HIGHLIGHT The South African Rand continues to advance for the second week as foreign investors return. Read more

XE Market Analysis: North America - Oct 19, 2018

By: XE Market Analysis

The Dollar has been choppy but traded moderately softer, on net, giving back some of its recent gains. EUR-USD lifted back above 1.1460 after earlier printing a 10-day low at 1.1433, coming within 1 pip of the October-9 low, which is a two-month nadir. Read more

XE Market Analysis: Europe - Oct 19, 2018

By: XE Market Analysis

The Dollar has held firm against most currencies during the Asian session, into the open of the London interbank market, although slightly off highs seen during the New York afternoon yesterday. EUR-USD found a footing above 1.1450 after posting a 10-day low at 1.1449. Read more

XE Market Analysis: Asia - Oct 18, 2018

By: XE Market Analysis

The dollar index rallied to eight-session highs of 95.97 in N.Y. on Thursday, with gains coming on safe-haven flows into the Greenback. It was another risk-off session, with threats of Fed rate hikes, coupling with the Saudi situation, and ongoing European concerns over Italy. Read more

XE Market Analysis: Sterling hits 10 day low as Words from PM May Disappoint

By: xemarketanalysis

OVERVIEW The Pound weakened to a 10-day low against the Dollar following PM May's speech at the potentially pivotal EU Summit in Brussels. Higher Treasury yields boosted the Dollar following positive news from the US Federal Reserve Meeting Minutes The Canadian Dollar fell to a one-week low point due to a sharp drop in oil prices HIGHLIGHT The Pound is much weaker today against the US Dollar as PM May stated that the EU's proposal for the Irish Border was unacceptable, and considered extending the Brexit transition period by another year. US DOLLAR The US Dollar strengthened today as a result of the Federal Reserve's meeting minutes stating that interest rates could be raised more aggressively in the near term. Read more

XE Market Analysis: North America - Oct 18, 2018

By: XE Market Analysis

The Dollar has traded softer during the European AM session interbank open after firming during the Asian session. EUR-USD flipped back above 1.1500 after posting an eight-day low at 1.1481, which was the culmination of a Dollar ascent following the Fed minutes to the late-September FOMC meeting, which revealed policymakers remaining committed to gradual tightening. Read more

XE Market Analysis: Europe - Oct 18, 2018

By: XE Market Analysis

The Dollar has traded mostly firmer in the wake of the release of the Fed minutes to the late-September FOMC meeting, which revealed policymakers remaining committed to gradual tightening. The USD index (DXY) has printed an eight-day high at 95.75, and is now up by just over 1% from the three-week low that was seen on Tuesday. Read more

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