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GBP/USD2015-01-29 10:56 UTC

Cable corrected to the mid-1.51s amid a broader rebound in the dollar, though sterling continues to look well bid against the euro, and we expect the cross's seven-high low at 0.7405 to come under pressure at some point. We think the EUR-GBP is set for an eventual test of 0.7000 with the pound's credentials looking better than the euro's, given the trending improvement in the UK labour market and signals from BoE members that a fresh ... Read More 

XE Market Analysis

  • North American Edition2015-01-29 10:56 UTC

    The USD traded firmer while the CAD, AUD and NZD came under pressure after the RBNZ shift from a hawkish to a neutral bias and warned that the kiwi is overvalued. An article in the Australian newspaper also reckoned that an RBA rate hike on Feb-3 is "almost certain," while copper, gold and other commodity prices were soft today. AUD-USD dipped under 0.7800 for the first time since mid-2009. USD-CAD clocked a new trend high at 1.2554, which is the eighth ... Read More 

  • European Edition2015-01-29 07:24 UTC

    EUR-USD has traded lower in the wake of the FOMC, even though the statement wasn't really much of a cue for dollar bulls as it reiterated that it would remain "patient" in its rate normalization process, adding in a concern about international risks. A spike in 'Grexit' concerns has helped keep a cap on the euro, which slipped to a low of 1.1262 against the dollar during the Asia session, since remaining below 1.1300. AUD-USD dropped to a new four-year ... Read More 

  • Asian Edition2015-01-28 21:14 UTC

    FX trade was relatively quiet ahead of the FOMC announcement in N.Y. on Wednesday, with the greenback firming up initially, before easing back into the Fed. EUR-USD found support under 1.1310 early on , but didn't stray much higher than 1.1360. USD-JPY meanwhile, remained over 117.60, though was unable to give the 118 mark a test. After the FOMC announcement, the dollar zigged and zagged a bit, though ultimately didn't end up far from where it was ahead ... Read More 

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