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XE Market Analysis: North America - Feb 17, 2020

By: XE Market Analysis

The dollar and most other currencies have been stable in quiet early-week trading so far. This came with the main Chinese equity indices posting 2%-plus gains after China's Finance Minister said on Sunday that Beijing would roll out targeted and phased tax and fee cuts and with the PBoC lowering one of its interest rates and making another liquidity injection. Read more

XE Market Analysis: Europe - Feb 17, 2020

By: XE Market Analysis

The dollar and most other currencies have been stable in quiet early-week trading so far. This came with the main Chinese equity indices posting 2%-plus gains after China's Finance Minister said on Sunday that Beijing would roll out targeted and phased tax and fee cuts and with the PBoC lowering one of its interest rates and making another liquidity injection. Read more

XE Market Analysis: Asia - Feb 14, 2020

By: XE Market Analysis

The DXY printed its ninth-straight higher daily high on Friday, though eased back through the session on profit taking activity. Incoming U.S. data saw in-line retail sales and industrial production, slightly firmer than expected import prices and a better than expected University of Michigan consumer sentiment index. Read more

XE Market Analysis: North America - Feb 14, 2020

By: XE Market Analysis

The dollar posted fresh highs against the euro and Swiss franc, while most other pairings remained steady, within ranges seen on Thursday. EUR-USD printed a fresh 34-month low at 1.0827, and is set for its biggest two-week loss since July 2019. The new low is the product of a prevailing phase of euro underperformance, which has built on a recent phase of dollar firmness. Read more

XE Market Analysis: Europe - Feb 14, 2020

By: XE Market Analysis

The euro posted fresh lows against the dollar and other currencies, while both the safe haven yen and Swiss franc lost yesterday's bid as the daily increment of new coronavirus cases in China fell back alongside narratives that are downplaying yesterday's jump in total reported cases in Hubei province as being just a reclassification. Read more

XE Market Analysis: Asia - Feb 13, 2020

By: XE Market Analysis

The Dollar was mostly higher in N.Y. on Thursday, with in-line CPI and lower than expected jobless claims driving the DXY to fresh four-month highs. Risk-off conditions helped the USD as well, following news overnight that the number of China virus case was revised sharply higher, with safe-haven flows supporting. Read more

XE Market Analysis: North America - Feb 13, 2020

By: XE Market Analysis

The yen and Swiss franc rose as a risk-off sentiment once again took hold in global markets following news of sharp increase in coronavirus cases. That the rise in cases was the product of a new methodology for counting infections, lowering the bar in what counts for an infection by using a tomography scan rather than slower ribonucleic acid tests, and that the rise in new cases was confined to where this new method was being used, in China's Hubei province (where the virus originated), didn't matter, as the news left a sense that the spread might be a lot worse that previously thought. Read more

XE Market Analysis: Europe - Feb 13, 2020

By: XE Market Analysis

The yen and Swiss franc rose as a risk-off sentiment once against took hold in global markets following news of sharp increase in coronavirus cases. That the rise in cases was the product of a new methodology for counting infections, lowering the bar in what counts for an infection by using a tomography scan rather than slower ribonucleic acid tests, and that the rise in new cases was confined to where this new method was being used, in China's Hubei province (where the virus originated), didn't matter, as the news left a sense that the spread might be a lot worse that previously thought. Read more

XE Market Analysis: Asia - Feb 12, 2020

By: XE Market Analysis

After stumbling some on Tuesday, the Dollar index headed to fresh four-month highs in N.Y. trade on Wednesday. The USD remains firm, largely due to an outperforming U.S. economy. Risk-on conditions prevailed through the session, taking major U.S. equity indices to or near record highs. Read more

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