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XE Market Analysis: Asia - Dec 15, 2017

By: XE Market Analysis

The dollar headed broadly higher in N.Y. trade on Friday, largely buoyed by improved hopes that the U.S. congress would agree on a tax reform bill. Incoming data had little impact, as the Empire State index missed the mark a bit, while industrial production was as-expected. Read more

XE Market Analysis: North America - Dec 15, 2017

By: XE Market Analysis

The dollar has been trading mostly softer amid uncertainties about the tax reform bills prospects after Republican Senator Marco Rubio threated to vote against the bill, joining his GOP colleague, Mike Lee, in demanding that a child tax credit for working families is expanded. Read more

XE Market Analysis: Europe - Dec 15, 2017

By: XE Market Analysis

The dollar has been traded mixed, posting fresh losses versus the yen and the Australian, New Zealand and Canadian dollar, consolidating gains it saw yesterday versus the euro, in the wake of the ECB's announcement and guidance, and holding steady-to-firmer against a raft of emerging-world currencies. Read more

XE Market Analysis: Asia - Dec 14, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Thursday, buoyed early by solid U.S. retail sales figures, and a dovish ECB presser. EUR-USD topped at 1.1862 early, before fading to 1.1772 lows. USD-JPY held over 112.50 until Wall Street faltered, then dipped to 112.09 lows. Read more

XE Market Analysis: North America - Dec 14, 2017

By: XE Market Analysis

The dollar recovered some of the ground it lost following the U.S. CPI miss and in the wake of the Fed's post-policy meeting statement yesterday. EUR-USD has ebbed into the lower 1.18s. USD-JPY clocked a rebound high of 1.1288 after logging a logging a five-session low of 1.1246 in Tokyo trade. Read more

XE Market Analysis: Europe - Dec 14, 2017

By: XE Market Analysis

The USD index (DXY) fell 0.8% over the last day in logging a eight-day low of 93.34 during Asian trading today. The index has since settled around 92.45. The losses follow yesterday's cooler than expected CPI data out of the U.S. ,which was followed by an as-expected 25 bp rate hike from the Fed, while retaining the outlook for three tightenings in 2018 in its dot-plot, rather than four, which had been speculated on by markets. Read more

XE Market Analysis: Sterling Stable as PM May Allows Final Vote on Brexit Withdrawal Agreement

By: xemarketanalysis

OVERVIEW GBP is buoyed by average earnings creeping higher. US Dollar trades on the back foot as the inflation rate excluding food and energy came in at 1.7%, against expectations of 1.8%. The Euro remains stable as Merkel tries to put together her government. The Swedish Krone gains helped by a boost in inflation. HIGHLIGHT British PM May has announced that a final Brexit withdrawal agreement will be placed by both the House of Parliament and House of Lords. US DOLLAR The US Dollar remains quiet as we await the FOMC meeting results where it is widely expected for them to raise interest rates by 25bps. Read more

XE Market Analysis: Asia - Dec 13, 2017

By: XE Market Analysis

The dollar dropped early on, as core CPI was cooler than expected. The unit stayed down into the FOMC announcement, and fell after the as-expected 25 basis point Fed rate hike, then quickly headed above levels just prior to the announcement, before dipping again. Read more

US Bond Market Week in Review: The Fed Is Chasing An Inflation Ghost

By: HaleStewart

The Fed voted to raise rates an additional 25 basis points. After noting the economy was growing solidly, the observed: Consequently, the Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market conditions will remain strong. Read more

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