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XE Market Analysis: Asia - Feb 22, 2019

By: XE Market Analysis

The Dollar headed lower on Friday in N.Y., driven largely by hopes for progress on U.S. trade talks. Trump said the deal with China is more likely happening that not happening, according to headlines on Bloomberg. The president said he could extend the trade truce a month or so with progress. Read more

XE Market Analysis: The Currency Market Searches for New Direction As Central Bankers Take the Stage

By: xemarketanalysis

OVERVIEW The US dollar is trading flat against the G-10 currencies on the day but close to the week’s high.  The Australian dollar is nursing its wounds after slumping nearly 2% on a coal crisis. Read more

XE Market Analysis: North America - Feb 22, 2019

By: XE Market Analysis

The Dollar has been trading mixed so far today in a forex market lacking a clear directional theme. EUR-USD been making time in the mid 1.1300s, holding within yesterday's 1.1320-1.1366 range. The February German Ifo survey came in below forecasts, at 98.5 in the headline reading, down from 99.1 and the lowest since 2014, with both current conditions and expectations components showing declines. Read more

XE Market Analysis: Europe - Feb 22, 2019

By: XE Market Analysis

The Dollar majors have been holding steady so far today. EUR-USD has been making time in the mid 1.1300s, holding within yesterday's 1.1320-1.1366 range. USD-JPY has continued to ply a narrow range in the upper 110.0s, holding below the one-week high seen earlier in the week at 110.94. Read more

XE Market Analysis: Asia - Feb 21, 2019

By: XE Market Analysis

The DXY bottomed early in the session following softer U.S. data, though then recovered through the morning session. The index based at 96.36, later topping at 96.66. Treasury yields rose on reports the U.S. and China are closer to a trade deal, which helped support the Dollar. Read more

XE Market Analysis: Currency Market Steady Following FOMC Minutes and now Waits for Sino-US Trade Deal Announcement

By: xemarketanalysis

OVERVIEW The US dollar remains in consolidation mode against the major currencies The Australian dollar is experiencing volatile session, plunging nearly 1.1% against its US counterpart Read more

XE Market Analysis: North America - Feb 21, 2019

By: XE Market Analysis

The Dollar lifted on ascending hopes for a U.S.-China trade deal during the Asia session before coming off the boil during the London AM session. Sources cited by Reuters said Washington and Beijing have started to outline commitments in principle in what is described as the most significant progress yet. Read more

XE Market Analysis: Europe - Feb 21, 2019

By: XE Market Analysis

The Australian Dollar dove sharply, dropping over 1% in making a six-day low at 0.7086. The pair has reversed abruptly after rallying in the wake of a much stronger than anticipated jobs report out of Australia, hit but news that China was banning Australian coal imports out of the port of Dalian and imposing a overall cap on overall Australian coal imports for 2019 at 12 mln tonnes. Read more

XE Market Analysis: Asia - Feb 20, 2019

By: XE Market Analysis

The dollar ticked higher after the release of the FOMC minutes, EUR-USD faded under 1.1340 from 1.1370, while USD-JPY rallied over 110.80 from near 110.65. The minutes revealed few surprises, and the FX reaction appeared to be a bit of "buy the news" for the Dollar. Read more

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