Xe forex news

The DXY pulled back from its nearly seven-month high of 95. 65 lows before reclaiming the 94. EUR-Xe forex news recovered from opening lows of 1.

OVERVIEW The Greenback moves to a 6-month high against G-10 currencies. The Euro drags the Swedish Krona down 1. Euro records its lowest level since July last year. HIGHLIGHT The Swedish Krona tumbled to a 13-month low against the USD following political jitters in Italy and Spain. The euro’s slide stepped up to a vertiginous plummet as the Italian political situation went from bad to worse, posing a long-term existential threat to the Eurozone. As the common currency underperformed, the yen outperformed as market participants ran for safe havens. The euro has remained under the cosh, posting fresh lows six-and-a-half-month and 11-month lows versus the dollar and yen as the London interbank market joins the fray following a long weekend in the UK.

The other main theme being seen is yen outperformance, which has enrichened the draw of the Japanese currency as a safe haven. OVERVIEW The Euro trading near a fresh 6-month low as politics generates more uncertainty. Oil futures continue to slip lower. HIGHLIGHT The UK and the US markets are closed today and with a thin market liquidity condition, currency moves can sometimes be exaggerated. The dollar has traded mixed in thin markets, early week trading. Oil prices continued to descend, while Italy remained in the spotlight.

EUR-USD initially rallied, logging a high of 1. 1728 before returning to near net unchanged levels near 1. The euro has firmed up on news that Italian populist parties have dropped there bid to form a government due to the president’s block on the nomination of a Eurosceptic finance minister. EUR-USD lifted to a high of 1.

1728, recouping to near last Thursday’s highs after subsequently posting a six-and-a-half-month low at 1. University of Michigan consumer sentiment index, down. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. We show currencies based on your location.

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