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GBP/USD2015-11-25 08:11 UTC

Sterling has underperformed even the dollar so far this week, with Cable tipping into two-week low territory under 1.5100 after three consecutive lower lows. A batch of dovish BoE-speak yesterday added pressure onto the pound. BoE governor Carney said earlier during parliamentary testimony that the low interest rate environment is likely to remain for some time, while his colleague Haldane said that inflation risks were "skewed materially ... Read More 

XE Market Analysis

  • North American Edition2015-11-24 12:37 UTC

    The dollar traded lower, both into and after news that Turkey had shot down a Russian fighter jet that Ankara claimed had violated its airspace near the Syrian border. A much stronger than expected German Ifo business survey, which rose to a 109.0 November headline reading from September's 108.2, gave the euro a lift, too. EUR-USD spiked to an intraday high of 1.0671 on the day, subsequently settling around the 1.0640-50 region. USD-JPY, meanwhile, ... Read More 

  • European Edition2015-11-25 08:11 UTC

    The dollar has continued to trade softly, with EUR-USD carving out a new high for the week at 1.0677 and USD-JPY posting a nine-day low at 122.26. The greenback is also showing about 0.25% declines versus the Aussie and Kiwi dollars, and has lost ground to most Asian currencies, too. The dollar is underperforming this week as markets look beyond a likely December rate hike to a likely gradual and cautious policy path thereafter -- dubbed in markets as the ... Read More 

  • Asian Edition2015-11-24 19:30 UTC

    FX trade was jittery following the Turkish downing of a Russian military jet, though dollar ranges were relatively narrow overall. Trade and GDP data were USD-positive, but there was little reaction in the bigger picture. EUR-USD ranged between 1.0629 and 1.0673 through the session, while USD-JPY maintained a softer footing, while holding the 20-day moving average at 122.35. USD-CAD slipped under 1.3300 as the geopolitical mid-east backdrop took oil ... Read More 

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