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EUR/USD2014-10-31 16:46 UTC

EUR-USD opened the session near 1.2580, though after a brief uptick on early weaker U.S. data, resumed its decline, pausing at 1.2520 before ripping through stops at 1.2500, on its way to 1.2486 lows. Short covering stepped in quickly, and after reclaiming the 1.25 handle, the pairing stayed relatively bid into the close, peaking near 1.2540. Afterposting two-plus year lows, EUR- USD may now consolidate some in the coming sessions, with ... Read More 

XE Market Analysis

  • North American Edition2014-10-31 09:58 UTC

    The yen dove sharply on the shock BoJ easing, which saw USD-JPY spike to a six-year peak at 111.67, as of the time of writing, well up on yesterday's 108.90 London closing level. EUR-JPY rallied by over two big figures to a five-week high near 140, and other yen crosses saw a similar price action. The BoJ announcement of an expansion in QQE (quantitative and qualitative easing), by a vote of 5-4, came as a complete shock to markets. Aside from causing the ... Read More 

  • European Edition2014-10-31 07:32 UTC

    The yen dove sharply on the shock BoJ easing, which saw USD-JPY spike a six-year peak of 111.19, well up on yesterday's 108.90 London closing level. EUR-JPY rallied by around two big figures to a five-week high at 139.76, and other yen crosses saw a similar price action. The BoJ announcement of an expansion in QQE (quantitative and qualitative easing), by a vote of 5-4, came as a complete shock to markets. Aside from causing the dive in the yen, the ... Read More 

  • Asian Edition2014-10-31 16:46 UTC

    The BoJ's surprise easing had dramatic impact on the markets, sending U.S. equity indices to trend and record highs, while supporting the dollar broadly. USD-JPY ramped to new seven-year highs of 112.47, as EUR-USD traded under 1.2500 for the first time in more than two-years. USD-CAD edged back over 1.1300 on soft Canadian GDP GDP, and a weak commodity backdrop, as USD-CHF came within 20 points of its trend high. On the economic front, softer earnings ... Read More 

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