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XE Market Analysis: North America - Apr 26, 2018

By: XE Market Analysis

The dollar was showing modest net declines on the day as of the early European PM session, giving back gains seen during the pre-London session in Asia, when the greenback posted fresh trend highs versus the euro and yen, among other currencies. The Swedish krone was a notable mover after the Riksbank pushed back the timing of its expected first tightening of the cycle. Read more

XE Market Analysis: Europe - Apr 26, 2018

By: XE Market Analysis

The dollar has dipped after posting fresh highs versus the euro and yen, among other currencies. EUR-USD posted an eight-week low at 1.2159 while USD-JPY rose of an eighth consecutive day, making an 11-week high at 109.46. The move reflected ongoing dollar strength, although the yen has been among the leaders of the underperforming currencies over the last week, too. Read more

XE Market Analysis: Asia - Apr 25, 2018

By: XE Market Analysis

The DXY posted three-plus month highs of 91.24 in N.Y. trade on Wednesday, largely driven by higher Treasury yields. There was no data to move the markets, though Wall Street was lower once again, despite mostly solid incoming earnings reports. EUR-USD touched trend lows of 1.2168, while USD-JPY topped at two-plus month highs of109.38. Read more

XE Market Analysis: US Dollar Gains as Emerging Market Currencies Suffer from Rising Yields

By: xemarketanalysis

OVERVIEW US 10-year Treasury above 3% for first time since 2014. USD gaining on a key break higher for US government bond yields. EUR remains soft as focus turns to relative interest rate differential. Turkish central bank raises rates, supports the Lira for now. Emerging market currencies weaken on fears of impact from higher debt costs. HIGHLIGHT The dollar index, which measures the currency's performance against a basket of major currencies, is at a four-month high, driven by a rise in the benchmark US 10-year Treasury yield above 3%. Read more

XE Market Analysis: North America - Apr 25, 2018

By: XE Market Analysis

The dollar remained buoyant, with the 10-year T-note yield having yesterday touched the 3.0% leve for the first time since early 2017. The narrow trade-weighted index (DXY) posted at new trend high of 91.09, a level not seen since the first week of January. Read more

XE Market Analysis: Europe - Apr 25, 2018

By: XE Market Analysis

The dollar picked up from correction lows, remaining underpinned after concomitantly posting trend highs yesterday after the 10-year T-note finally touched the 3.0% level first time here since early 2017. The narrow trade-weighted index (DXY) recouped to near 91.0 and yesterday's trend high at 91.07, a level last seen in the first week of January. Read more

XE Market Analysis: Asia - Apr 24, 2018

By: XE Market Analysis

The dollar had faded some from overnight highs at the N.Y. open on Tueday, spending much of the remainder of the session trending lower. The DXY topped at 91.07, a three-month high, during Asian hours, before touching 90.73 lows in N.Y. Wall Stree took a dive, despite generally strong earnings, with the tech sector pacing losses. Read more

Housing: the Millennial tailwind buffeted by incresing interest rate and pricing headwinds

By: New_Deal_democrat

This morning's new home sales report showed a continued positive trend in housing, but with some underlying deterioration. It remains buoyed by the demographic tailwind, but contrary interest rate and price headwinds are intensifying. First of all, the absolute number was second only to December's: The less volatile three month average only declined slightly from its peak one month ago. Secondly, the number of new houses sold minus new houses for sale (i.e., not yet sold) tends to peak well in advance of any recession, and that metric also remains positive: [Note: averaged quarterly to cut down noise] BUT, this metric is obviously showing decelerating growth. Read more

XE Market Analysis: North America - Apr 24, 2018

By: XE Market Analysis

The dollar posted fresh highs versus most currencies before most pairings backpedalled to near net unchanged levels. EUR-USD posted a 10-week low at 1.2181 before a bout of broad dollar weakness in the London AM sessions lifted the pair above 1.2215. Read more

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