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XE Market Analysis: Asia - Oct 30, 2020

By: XE Market Analysis

The Dollar firmed up on Friday ahead of week- and month-end. Risk-off conditions supported safe-haven flows into the USD. Incoming data was better then expected, with income, consumption, Chicago PMI and Michigan sentiment all beating forecasts. Wall Street took another dive, as big-tech led the move lower on mixed earnings. Read more

XE Market Analysis: North America - Oct 30, 2020

By: XE Market Analysis

The dollar has steadied after rallying in recent days, which has helped EUR-USD find a footing after tumbling to a one-month low at 1.1650 yesterday. EUR-JPY, however, fell to a near-four-month low, and GBP-JPY to a fresh one-month low, even though USD-JPY has remained above the five-week low it saw yesterday at 104.03. Read more

XE Market Analysis: Europe - Oct 30, 2020

By: XE Market Analysis

The dollar has steadied after rallying in recent days, which has helped EUR-USD find a footing after tumbling to a one-month low at 1.1650 yesterday. EUR-JPY, however, fell to a near-four-month low, and GBP-JPY to a fresh one-month low, even though USD-JPY has remained above the five-week low it saw yesterday at 104.03. Read more

XE Market Analysis: Asia - Oct 29, 2020

By: XE Market Analysis

Despite the largely risk-on backdrop in N.Y. on Thursday, the Dollar rallied broadly. Solid incoming data appeared to have a bit of a delayed reaction from the FX market, as Q3 GDP beat consensus forecasts, as did the weekly jobless claims figures. The DXY rallied to one-month highs of 94.10, up from overnight lows of 93.34. Read more

XE Market Analysis: North America - Oct 29, 2020

By: XE Market Analysis

The dollar and more especially the yen rebounded from intraday weakness. EUR-USD inched towards yesterday's low at 1.1717, with the pair at levels prevailing in the late London morning showing a modest 20-pip-plus (approx) decline on yesterday's low. EUR-JPY was down quite sharply, putting the cross below the 122.00 level for the first time since mid July, tracking other yen crosses as the Japanese currency found renewed safe haven demand. Read more

XE Market Analysis: Europe - Oct 29, 2020

By: XE Market Analysis

The dollar and yen have softened after rallying strongly yesterday on safe haven demand. Short-term speculative participants and others accumulated large long exposures in these currencies, particularly in yen crosses such as CAD-JPY, and there has naturally been some impetus to book profits with U.S. Read more

XE Market Analysis: Asia - Oct 28, 2020

By: XE Market Analysis

The Dollar rose through the London mornings session into early N.Y. trade before sputtering a bit lower through the remainder of the session. The DXY climbed from overnight lows of 93.05 to 93.64, before easing back to 93.37 lows. USD buying was triggered overnight, as equity markets sold off on the back of soaring Covid cases around the globe. Read more

XE Market Analysis: North America - Oct 28, 2020

By: XE Market Analysis

The dollar and yen are higher on safe haven positioning, and bitcoin hit its best level in almost three years, while European and the dollar bloc currencies came under pressure alongside many currencies from the newly developed and developing world. U.S. Read more

XE Market Analysis: Europe - Oct 28, 2020

By: XE Market Analysis

The dollar and yen are higher on safe haven positioning, and bitcoin hit its best level in almost three years. U.S. Treasuries have remained underpinned as liquid capital seeks harbour, with the dollar holding up despite a 10bp drop in the 10-year T-note yield since last Thursday, which has seen the U.S. Read more

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