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XE Market Analysis: North America - Mar 29, 2017

By: XE Market Analysis

Sterling largely took the signing of the official Brexit divorce papers in stride, moving modestly higher against both the dollar and the euro. Elsewhere, mostly steady equity markets in the U.S. and Europe, along with sideways action in sovereign yields, has seen the dollar flatten out as well. Read more

XE Market Analysis: Europe - Mar 29, 2017

By: XE Market Analysis

It's D-day for Brexit and the pound is down, showing an average 0.4% loss versus the G3 currencies heading into the London interbank open. There is an awful lot of water to pass under the bridge over the next two years, which is the minimum time for negotiations following today's expected long-awaited triggering of Article 50 by PM May, while the EU side may not be ready to negotiate in earnest until after French and German elections, in April and September, respectively. Read more

XE Market Analysis: Asia - Mar 28, 2017

By: XE Market Analysis

The dollar started out on a mostly steady footing in N.Y. on Tuesday, though made advances later in the session, as the latest consumer confidence report was way higher than forecast. This resulted in rising yields, rising stocks, and a rising dollar. Read more

XE Market Analysis: Rate Hike Focus Steadies Greenback

By: xemarketanalysis

OVERVIEW A German chamber of commerce survey found almost half of the 1,300 firms surveyed expect Brexit to have a negative impact on trade. Exports to the UK have already begun falling. US consumer confidence surged to 125.6 in March, its highest reading in 16 years. US house prices rose at an annualized pace of 5.7% in January, slightly above market forecasts of 5.6%. Stock markets are making tentative gains after falling for the past week and oil prices are marginally higher. HIGHLIGHT The US Dollar has stabilized after comments from two Fed officials supporting further rate hikes this year moved the focus away from Trump's failed healthcare bill. US DOLLAR The US Dollar recovered from earlier losses and is trading marginally higher on the day versus the Euro and the British Pound, helped by optimistic consumer confidence. BRITISH POUND The British Pound is starting to give back some of its recent impressive gains as investors look to book some profit and reduce their risk ahead of tomorrow's triggering of A50. Read more

XE Market Analysis: North America - Mar 28, 2017

By: XE Market Analysis

The dollar and other major currencies traded in relatively narrow ranges. The unwinding of the "Trumpflation" trade came to a pause, reflected by a calm trading in stock markets and the dollar. EUR-USD settled in the mid 1.080s after yesterday failing to sustain gains above 1.0900. Read more

XE Market Analysis: Europe - Mar 28, 2017

By: XE Market Analysis

The dollar and Wall Street regained some composure after the storm caused by the Trump administrations to achieve promised health care reforms. USD-JPY has found a footing after clocking a four-month low at 110.11 yesterday, which completed a run of eight down days out of the last nine sessions. Read more

XE Market Analysis: Asia - Mar 27, 2017

By: XE Market Analysis

The dollar added to overnight losses in N.Y. morning trade on Monday, though perked up some after the London close, as Wall Street recovered a good chunk of their early losses. USD-JPY bottomed at 110.12, a four month base, before recovering over 110.50. Read more

XE Market Analysis: Trump-Care Setback Hammers Dollar

By: xemarketanalysis

OVERVIEW The US Dollar has slumped to a four-month low against a basket of currencies. Sterling is strong ahead of Wednesday’s triggering of Article 50. Commodity linked currencies stumble in risk-off trade. HIGHLIGHT The week starts with risk aversion due to two events: firstly, Trump’s healthcare reform act failed to be passed in Congress and secondly, the triggering of Article 50 scheduled for Wednesday, which means Brexit will become a reality. US DOLLAR The US Dollar is weaker today as the failure to secure President Trump’s new healthcare bill drives negative sentiment. Read more

XE Market Analysis: North America - Mar 27, 2017

By: XE Market Analysis

The dollar logged a four-month-plus low against the yen, a four-week low versus sterling and a three-month-plus low in the case against the euro, in addition to fresh lows against other currencies. The losses reflect a fresh unwinding of the "Trumpflation" trade following the failure of the health care bill late on Friday. Read more

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