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XE Market Analysis: Europe - Oct 20, 2017

By: XE Market Analysis

The dollar has rallied across the board, up 0.3% versus the euro and by 0.6% against the yen, following news that the U.S. Senate had passed a budget blueprint that will help push forward the Republican party's planned $1.5 tln tax cut. The news came after the close of Wall Street, and sparked a rally in U.S. Read more

XE Market Analysis: Asia - Oct 19, 2017

By: XE Market Analysis

The dollar faded in early N.Y. trade on Thursday, despite slower than expected jobless claims and a better than forecast Philly Fed index. Risk-off conditions prevailed, which soured USD sentiment to a degree. Trading ranges overall were relatively narrow however. Read more

September housing permits and starts: stall continues, where will future growth come from?

By: New_Deal_democrat

Let me start with two introductory comments: Fist, one disagrees with Bill McBride at one's peril with regard to housing, but I am unable to share in his continued optimistic outlook. Housing sales are driven by three primary factors: 1. Housing moves inversely, with a lag, to interest rates. 2. Read more

XE Market Analysis: North America - Oct 19, 2017

By: XE Market Analysis

The dollar came under pressure against most currencies. EUR-USD rallied to a three-day high of 1.1836 and USD-JPY turned sharply lower in London trading after logging a two-week high at 113.14, dropping under 112.50. The drop in USD-JPY reflected in part a bout of demand for the yen as European stock markets turned south, despite the fresh record highs on Wall Street yesterday. Read more

XE Market Analysis: Europe - Oct 19, 2017

By: XE Market Analysis

The yen continued to underperform, coming amid fresh highs on Wall Street. USD-JPY clocked a two-week high at 113.14, while EUR-JPY, AUD-JPY, and other yen crosses, also scaled to new highs. Strong trade data out of Japan had little impact on the yen. Read more

XE Market Analysis: Asia - Oct 18, 2017

By: XE Market Analysis

The dollar weakened in N.Y. trade on Wednesday, leaving the DXY at 93.41 lows, and down from one-week highs if 93.80. Weaker U.S. housing starts data dented USD sentiment early on, and from there, the greenback drifted mostly lower. EUR-USD topped at 1.1794, up from 1.1745 opening lows. Read more

XE Market Analysis: North America - Oct 18, 2017

By: XE Market Analysis

The dollar continued to firm. USD-JPY rallied for a third successive session, making a nine-day at 112.76, and EUR-USD declined for a fourth consecutive session, logging a nine-day low at 1.1730. While losing ground the dollar, the euro managed gains versus the yen, sterling and other currencies. Read more

XE Market Analysis: Europe - Oct 18, 2017

By: XE Market Analysis

The dollar traded with a firming bias, gaining versus New York closing levels against most currencies, but still remaining shy of respective highs that were logged yesterday. Clouding the picture presently is the looming decision by the Trump administration on who will have the Fed chair, whether it will be the reappointment of dovish Yellen or the decidedly more hawkish Taylor, among the five candidates being considered. Read more

XE Market Analysis: Asia - Oct 17, 2017

By: XE Market Analysis

The dollar started the N.Y. session on a firmer footing, aided by higher than expected import and export prices. From there however, the greenback turned lower, leaving the DXY under 93.50 from one-week highs of 93.73. EUR-USD bottomed at 1.1737 before making its way to 1.1774 highs, as range trade mentality persists. Read more

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