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EUR/USD2016-07-25 11:26 UTC

The euro has nudged higher on the Ifo number, which at 108.3 in the July headline reading beat expectations for a dip to 107.9 after June's 108.7 reading. This strengthens the takeaway of last Friday's preliminary Eurozone PMI data in showing that Brexit fallout is mostly impacting the UK economic activity. EUR-USD clocked an intraday high of 1.0996 having earlier seen a one-month low of 1.0952. The post-Brexit low at 1.0911 has remained ... Read More 

XE Market Analysis

  • North American Edition2016-07-25 11:26 UTC

    The euro has nudged higher on the Ifo number, which at 108.3 in the July headline beat expectations for a dip to 107.9. This strengthens the takeaway of last Friday's preliminary Eurozone PMI data in showing that Brexit fallout is mostly impacting the UK economic activity. EUR-USD clocked an intraday high of 1.096 having earlier seen a one-month low of 1.0952. The post-Brexit low at 1.0911 has remained untroubled for now. Sterling, meanwhile, took a knock ... Read More 

  • European Edition2016-07-25 07:24 UTC

    The dollar rose during early-week trade in Asia. EUR-USD logged a fresh one-month low of 1.0952 before losing momentum, leaving the post-Brexit low at 1.0911 untroubled. USD-JPY popped through Friday's peak at 106.40 during the Tokyo session, logged a peak at 106.72 before about-turning and drifting back to the low 106s. Japanese importer demand drove the move, which occurred into the Tokyo fix, with today being a so-called "gotobi" day (with the date ... Read More 

  • Asian Edition2016-07-22 18:00 UTC

    The dollar was broadly higher in N.Y. trade on Friday, taking EUR-USD to one-month lows of 1.0956, and USD-JPY up to 106.40. Cable scraped along on either side of 1.3100, falling after a dismal flash U.K. PMI number. USD-CAD fell early on the back of warmer Canada CPI and firmer retail sales, bottoming at 1.3056, though ultimately rallied to near two-month highs in concert with WTI crude's drop to two-month lows. Flash U.S. manufacturing PMI was better ... Read More 

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