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XE Market Analysis: Asia - Aug 14, 2020

By: XE Market Analysis

The Dollar lost modest ground in N.Y. trade on Friday. though trading ranges were narrow overall. Incoming data was largely strong, though traders generally overlooked the better than expected retail sales data, and a decent production report that helped confirm the Q3 recovery scenario. Read more

XE Market Analysis: North America - Aug 14, 2020

By: XE Market Analysis

The main currencies have settled in narrow ranges, with the dollar consolidating above yesterday's lows after a two-day decline. The USD index (DXY) has steadied in the lower 93.0s, above yesterday's one-week low at 92.93. EUR-USD has concurrently reached a stasis near 1.1800, below Thursday's one-week peak at 1.1865. Read more

XE Market Analysis: Europe - Aug 14, 2020

By: XE Market Analysis

The main currencies have settled in narrow ranges, with the dollar consolidating above yesterday's lows after a two-day decline. The USD index (DXY) has steadied in the lower 93.0s, above yesterday's one-week low at 92.93. EUR-USD has concurrently reached a stasis in the lower 1.1800s, below Thursday's one-week peak at 1.1865. Read more

XE Market Analysis: Asia - Aug 13, 2020

By: XE Market Analysis

The Dollar started Thursday's N.Y. session on a softer footing, though bottomed at mid-morning, spending the remainder of the day modestly on the rise. The DXY made its way from 92.94 lows to a high of 93.26. Encouraging drops in initial jobless claims and continuing claims ultimately helped USD sentiment. Read more

XE Market Analysis: North America - Aug 13, 2020

By: XE Market Analysis

The dollar is down for a second day, with the narrow trade-weighted USD index printing a six-day low at 93.03 to fully unwind the gains seen in the wake of last Friday's U.S. July jobs report. Market narratives have been attributing the dollar's weakening bias to the perception that the Fed has strategically dropped its concern about inflation risk, which has driven real U.S. Read more

XE Market Analysis: Europe - Aug 13, 2020

By: XE Market Analysis

The dollar is down for a second day, with the narrow trade-weighted USD index printing a six-day low at 93.08 to nearly fully unwind the gains seen in the wake of last Friday's U.S. July jobs report. Some market narratives have been attributing the dollar's ebb as being a return of the currency's inverse correlation with stock market direction, along with the perception that the Fed has strategically dropped its concern about inflation risk, which has driven real U.S. Read more

XE Market Analysis: Asia - Aug 12, 2020

By: XE Market Analysis

The Dollar was marginally lower overall in N.Y. on Wednesday, resulting in a DXY bottom of 93.29 from opening highs of 93.64. The USD has been suffering since the start of July, as pandemic concerns cloud the growth outlook, as the Fed remains in uber-easing mode, and more recently, growing fears that congress will not agree on a new stimulus bill. Read more

XE Market Analysis: North America - Aug 12, 2020

By: XE Market Analysis

The dollar ebbed back some after pegging fresh recovery highs against the euro and some other currencies. The narrow trade-weighted USD index fell back to levels around 93.50 after posting an eight-day high at 93.79. EUR-USD concurrently lifted back to the mid 1.1700s after carving out a nine-day low at 1.1711. Read more

XE Market Analysis: Europe - Aug 12, 2020

By: XE Market Analysis

The dollar is up for a fourth consecutive trading day, lifting narrow trade-weighted USD index to an eight-day high at 93.77. EUR-USD concurrently carved out a nine-day low at 1.1711, Cable a five-day low at 1.3017, and AUD-USD an eight-day nadir at 0.7110. Read more

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