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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

XE Market Analysis: Europe - Jan 17, 2017

By: XE Market Analysis

The dollar has come under broad pressure, which has driven EUR-USD to a three-session of 1.0665 and USD-JPY to a fresh six-week low of 113.26. The beleaguered pound also benefited, with Cable extending its recovery from yesterday's three-month low at 1.1987 to a peak of 1.2136, before settling around 1.2100. Read more

XE Market Analysis: Sterling Slides on Brexit Speculation

By: xemarketanalysis

OVERVIEW Emerging market currencies are under pressure in the week where Donald Trump will officially become the 45th President of the USA. The IMF raised its economic growth forecasts for the U.S. economy this year by 0.1%, and next year by 0.4%, as it expects Trump's policy plans to boost activity. In an interview with the Times newspaper, Trump suggested that the US and UK would be able to establish a quick trade deal, and that other countries might follow the UK and leave the EU. HIGHLIGHT Sterling fell 2 cents against the US Dollar as markets began trading in Asia after reports in the media suggested that Theresa May will outline a "hard" Brexit in her speech. Read more

XE Market Analysis: North America - Jan 16, 2017

By: XE Market Analysis

The pound dove in response to weekend reports that the UK PM May will announce tomorrow that the government will be pursuing a so-called hard Brexit, leaving free access to the single market so as to take full control of the border. Cable hit a three-month low of 1.1987 in the early London AM, and was settled around 1.2060 as of the early PM session in Europe, which still left the pound nursing a 1.1% decline on the day. Read more

XE Market Analysis: Europe - Jan 16, 2017

By: XE Market Analysis

Sterling dove on weekend Brexit news, with a speech by PM May scheduled for Tuesday reported by several Sunday newspapers to be the venue where she will make clear that the government will take the UK out of free access of the EU's single market. Confirmation of a "hard" Brexit in other words, though government sources have downplayed this as being "speculation." In the scenario that she confirms this, the focus will be how quickly and under what terms the UK will re-establish a new trading deal with the EU and the 60 other economies that the EU has a trade deal in place. Read more


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