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XE Market Analysis: North America - Mar 21, 2019

By: XE Market Analysis

The Dollar managed to recoup some of the losses seen after the Fed reaffirmed its dovish turn yesterday. EUR-USD has corrected back under 1.1400, putting in some distance from yesterday's post-Fed six-week high at 1.1448. With the Eurozone economy losing momentum amid acute Brexit uncertainty, and with the 10-year Bund yield declining by over 4 bp during the AM session in Europe today, EUR-USD never looked to be much of bullish trend following opportunity. Read more

XE Market Analysis: Europe - Mar 21, 2019

By: XE Market Analysis

The Dollar has tumbled after the Fed signalled there would be no further rate hikes this year and that it would halt the steady decline of its balance sheet in September. This drove U.S. yields lower, with the 10-year T-note retreating to levels below 2.53%, levels not seen since January 2018. Read more

XE Market Analysis: Asia - Mar 20, 2019

By: XE Market Analysis

The dollar fell following the FOMC announcement, where rates were left unchanged as expected. The dot-plot signaled no further rate increases this year, and one 25 basis point rise in 2020. The Fed revised 2019 inflation lower, and said it will end its balance sheet reduction in October. Read more

XE Market Analysis: Markets on Hold As the US Fed Prepares to Update the Dot Plot

By: xemarketanalysis

OVERVIEW The Dollar Index is trading flat ahead of this afternoon's FOMC announcement GBP/USD returned in negative territory after inflation rose slightly and investors wait to see if EU leaders agree to extend the Brexit calendar NYMEX WTI waits for EIA inventory data to make the next move and is trading at $58.70 a barrel. HIGHLIGHT The Euro is trading near a two-week high against the greenback, fuelled by the better sentiment over the eurozone. Read more

XE Market Analysis: North America - Mar 20, 2019

By: XE Market Analysis

The Dollar has traded steady-to-firmer so far today. EUR-USD has been holding below the two-week high seen yesterday at 1.1361, and USD-JPY lifted to a two-day high at 111.69 in Tokyo before settling slightly lower. AUD-USD saw some volatility, dipping in Sydney trading concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in Brazil, with iron ore being the biggest Australian export) before recovering losses during the London AM session. Read more

XE Market Analysis: Europe - Mar 20, 2019

By: XE Market Analysis

The Dollar has been trading steady-to-firmer so far today. EUR-USD has been holding below the two-week high seen yesterday at 1.1361, and USD-JPY lifted to a two-day high at 111.69. AUD-USD took a spill, concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in Brazil); iron ore being the biggest Australian export. Read more

XE Market Analysis: Asia - Mar 19, 2019

By: XE Market Analysis

The Dollar was range bound in N.Y. trade on Tuesday, as market participants largely sat on the sidelines ahead of Wednesday' FOMC announcement. The USD had been under some pressure over the past few sessions, as traders priced in a dovish leaning announcement from the Fed. Read more

XE Market Analysis: The Pound Savors Strong Employment Data and Takes a Break from Brexit Drama

By: xemarketanalysis

OVERVIEW The greenback is trading relatively lower against the G-10 currencies ahead of Fed announcement GBP/USD is trading higher after reports show the UK's unemployment rate down to a four-decade low Read more

XE Market Analysis: Europe - Mar 19, 2019

By: XE Market Analysis

The Dollar has settled to a consolidation of recent declines into the FOMC. EUR-USD has settled below the two-week high seen yesterday at 1.1358. The high was a product of the Dollar's underlying softening bias amid expectations for the Fed to trim inflation forecasts and lower dot plots, and following last week's surprising benign inflation data out of the U.S. Read more

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