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EUR/USD2014-12-17 11:12 UTC

EUR-USD traded softer, remaining under 1.2500 after rising above this level for the first time in nearly three weeks on Tuesday following above-forecast Eurozone PMI data. There has also been a dollar-negative narrative in markets that says the recent dive in oil prices will strengthen the voice of the doves at the Fed's FOMC (announcement later today), though we still expect the "considerable time" phrase to be dropped. We still remain ... Read More 

XE Market Analysis

  • North American Edition2014-12-17 11:12 UTC

    The dollar traded firmer today, with AUD-USD making new four-year lows under 0.8150 and EUR-USD ebbing back to the 1.2450 area, putting over 100 pips between spot and yesterday's peak at 1.2569. USD-JPY made a peak of 117.50 before settling around 117.20-30. Russia's rouble held above yesterday's lows, aided by the Finance Ministry confirming that it had started selling foreign currency reserves, though trade continued to be volatile. Front-month NYMEX ... Read More 

  • European Edition2014-12-17 06:53 UTC

    The Aussie dove to new trend lows with AUD-USD diving below 0.8200 and logging a four-year low at 0.8145. There didn't appear to be a catalyst, and stock markets and commodity prices were generally steadier in Asia-Pacific, though there remain concerns about the growth outlook in Asia and globally. The Asia Development Bank trimmed its growth forecast for the region to 6.1% from 6.2% for 2014 and to 6.2% from 6.4%. The NZD also traded lower after RBNZ's ... Read More 

  • Asian Edition2014-12-16 19:28 UTC

    Markets looked a little scary early in the N.Y session on Tuesday, following Russia's rate hike, as the ruble plunged to record lows, a fresh trend low in oil prices, diving sovereign yields, and retreating equity markets. As the morning progressed however, sentiment turned around some, allowing the dollar to rally some, oil prices to move modestly higher, and Wall Street turn positive. EUR-USD started out near 1.2560, and later posted 1.2478 lows. ... Read More 

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