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GBP/USD2014-10-23 06:47 UTC

While sterling can be expected to hold up relatively well against the euro, we remain bearish of Cable on the back of contrasting credentials of sterling and the dollar. The BoE minutes to the October MPC meeting showed a ratcheting up in the dovish language of the seven voters in favour of unchanged policy, which fits both recent data and most BoE-speak of late, noting "few signs" of inflation pressures and that "further downside news in ... Read More 

XE Market Analysis

  • North American Edition2014-10-22 10:14 UTC

    The dollar was generally firm. EUR-USD lost about half a big figure from on the early London high at 1.2939, taking the pair back below 1.27. The mvoe was prompted by Spanish news agency Efe reporting that 11 banks from six European countries are likely to fail the stress tests, which are due to be published on Sunday (Oct-26), though the ECB has since dismissed this has "highly speculative." Cable dipped to six-day lows on the BoE minutes to the ... Read More 

  • European Edition2014-10-23 06:47 UTC

    The dollar traded marginally firmer for the most part. EUR-USD edged out a nine-day low of 1.2632, which is 15 pips below yesterday's low, and USD-JPY firmed to a peak of 107.35, two pips shy of yesterday's peak. A bout of yen selling was seen after the BoJ auctioned debt at a negative yield for the first time. NZD-USD dove sharply to an eight-day low of 0.7831 after New Zealand Q3 CPI came in at +0.3% q/q, below the median forecast for 0.5% q/q, which ... Read More 

  • Asian Edition2014-10-22 18:25 UTC

    The dollar was mixed in N.Y. trade on Wednesday, gaining ground against the euro, CHF and yen, while stumbling against the euro, and losing ground to the CAD following a not-so-dovish BoC policy statement. Talk of the ECB's plan to buy corporate bonds kept pressure on the euro, while USD-JPY held over 107 after U.S. CPI data, firmer Yields and a morning Wall Street Rally. Stocks later turned lowed, which took dollar-yen from its highs over 107.35, back ... Read More 

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