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XE Market Analysis: Chinese Yuan and US Dollar Respond to Tariffs on Chinese Exports

By: xemarketanalysis

OVERVIEW USD strengthens across the board. European equities are lower. GBP/USD is at 10-month lows. HIGHLIGHT China's central bank announced plans to weaken the Yuan as a means of stimulus in response to US tariffs imposed on Chinese exports. Read more

XE Market Analysis: North America - Jul 19, 2018

By: XE Market Analysis

The Dollar rose for at third consecutive day, tracking a rise in U.S. Treasury yields. The USD index (DXY) lifted by nearly 0.5% in making a fresh three-week high at 95.50. EUR-USD printed a 17-day low at 1.1595, and Cable clocked a 10-month low of 1.2985, aided by weak retail sales data out of the UK (even though there were one-off factors at play). Read more

XE Market Analysis: Europe - Jul 19, 2018

By: XE Market Analysis

The Dollar has mostly traded in narrow ranges so far today, consolidating at softer levels after coming off highs yesterday. The Australian Dollar rallied on a stronger than expected Australian jobs report, which showed employment rising 50.9k in June from an upwardly revised 13.4k gain in the month prior. Read more

XE Market Analysis: Sterling Plummets to a Multi-Month Low

By: xemarketanalysis

OVERVIEW The Pound slid to a 10-month low against the US Dollar today. Dollar Index hits two weeks high on positive tone from Powell. US 2-year treasury yields hit decade highs of 2.62%. HIGHLIGHT The Pound continues to struggle in general as the political instability and lack of increasing yield hounds the Sterling. Read more

XE Market Analysis: Asia - Jul 18, 2018

By: XE Market Analysis

The Dollar index lost a little ground in N.Y. trade on Wednesday, touching 94.99 lows after opening at 95.31, a three-week high. Weaker U.S. housing starts dented USD sentiment to a degree, while the remainder of losses came on the back of light profit taking. Read more

XE Market Analysis: North America - Jul 18, 2018

By: XE Market Analysis

The Dollar extended gains that was prompted by the upbeat remarks on the U.S. economy from Fed chair Powell yesterday. The narrow trade-weighted USD index (DXY) gained 0.4% in printing a three-week high at 95.39. EUR-USD descended to a two-week low at 1.1607, and USD-JPY ascended above 113.00 for the first time since January. Read more

XE Market Analysis: Europe - Jul 18, 2018

By: XE Market Analysis

The Dollar has traded firmer for a second day, buoyed by an upbeat prognosis of the U.S. economy and outlook by Fed chair Powell yesterday at his semi-annual testimony before the Senate Banking Committee. EUR-USD descended to a three-day low at 1.1631 while USD-JPY ascended above 113.00 for the first time since January. Read more

XE Market Analysis: Asia - Jul 17, 2018

By: XE Market Analysis

The DXY rallied to a four-session high of 95.03, up from 94.30 lows into the N.Y. open. The dollar found support from Fed chair Powell testimony, as he remained upbeat on the U.S. economy, and indicated further gradual rate hikes. EUR-USD fell from 1.1710 at the open to a low of 1.1651. Read more

XE Market Analysis: The Greenback Feeling Flat After Russian Roulette

By: xemarketanalysis

OVERVIEW USD threading waters as investors wait for the Powell show in Capitol Hill. British Pound is the worst G-10 performer over concerns that UK PM is losing power grip. WTI is trying to recover after falling sharply 4.65% yesterday. HIGHLIGHT Investors have switched their attention to Powell’s show and the Mexican Peso that has halted its three-day winning run. Read more

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