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XE Market Analysis: Asia - May 10, 2021

By: XE Market Analysis

The Dollar fell further in N.Y. trade on Monday, seeing the DXY extend Friday's losses to a better than two-month low of 90.04. Fallout from Friday's big jobs miss continued to weigh on the USD. There was no data to move markets. Treasury yields started out under water some, though recovered to slightly higher in afternoon trade, which likely limited USD losses into the close. Read more

XE Market Analysis: North America - May 10, 2021

By: XE Market Analysis

The dollar has managed to find a toehold after plunging on Friday on the massive U.S. jobs report disappointment. Economists were blindsided by the data, focused too much on burgeoning demand while taking their eye off the gaping pandemic-era supply side anomaly in the labour market: that is, the difficulty businesses are having in recruiting workers, with millions who normally work in low paid service sector jobs finding their incomes are better on unemployment benefits than working in their previous jobs. Read more

XE Market Analysis: Europe - May 10, 2021

By: XE Market Analysis

The dollar has managed to find a toehold after plunging on Friday on the massive U.S. jobs report disappointment. Economists were blindsided by the data, focused too much on burgeoning demand while taking their eye off the gaping pandemic-era supply side anomaly in the labour market: that is, the difficulty businesses are having in recruiting workers, with millions who normally work in low paid service sector jobs finding their incomes are better on unemployment benefits than working in their previous jobs. Read more

XE Market Analysis: Asia - May 07, 2021

By: XE Market Analysis

The Dollar was hit broadly in N.Y. on Friday following a disappointing April U.S. employment report, which revealed a 266k NFP print versus expectations for at least 950k. The USD tumbled immediately following the data, with the move likely exacerbated by a plunge in Treasury yields. Read more

XE Market Analysis: North America - May 07, 2021

By: XE Market Analysis

The dollar has been on a back foot today after a several-day period of up-then-down price action. The 10-year Treasury yield has nudged 1 bp higher, back above 1.580%, which is near the midway point of the range that has been seen over the last couple of weeks. Read more

XE Market Analysis: Europe - May 07, 2021

By: XE Market Analysis

The dollar has found a footing after declining yesterday, which was the latest contribution to what has been several days of up-then-down price action. The 10-year U.S. Treasury yield has continued to bump along under 1.60%, while the Dow Industrials index scaled to another record closing high following a solid jobless claims report and forecast-beating productivity data out of the U.S., alongside more encouraging corporate earnings reports. Read more

XE Market Analysis: Asia - May 06, 2021

By: XE Market Analysis

The Dollar was range bound through Thursday's N.Y. session, leaving the DXY within a 91.06 to 90.90 trading band Lower jobless claims and higher productivity had little impact, as the FX market was largely sidelined ahead of the key April jobs report on Friday. Read more

XE Market Analysis: North America - May 06, 2021

By: XE Market Analysis

The dollar has mostly been plying narrow ranges have been prevailing into tomorrow's April nonfarm payrolls report out of the U.S., alongside a number of other data releases and a monetary policy decisions from the BoE. There are also local elections in the UK which have the potential to embolden the Scottish independent movement. Read more

XE Market Analysis: Europe - May 06, 2021

By: XE Market Analysis

Narrow ranges have been prevailing into tomorrow's April nonfarm payrolls report out of the U.S., alongside a number of other data releases and monetary policy decisions from the Norges Bank and BoE. There are also local elections in the UK which have the potential to embolden the Scottish independent movement. Read more

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