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XE Market Analysis: North America - Nov 26, 2020

By: XE Market Analysis

The dollar has remained soft in quiet conditions, while global asset markets have seen little direction. The U.S. Thanksgiving holiday has quelled activity. Europe's Stoxx 600 traded near flat. Most stock markets in Asia gained, though remained off recent highs. Read more

XE Market Analysis: Europe - Nov 26, 2020

By: XE Market Analysis

The dollar has remained soft. Although risk appetite has waned in global markets, it hasn't been sufficient to warrant safe haven positioning, which would have put the U.S. currency in demand. Worse than expected U.S. jobless claims caught attention, despite strong durable orders and home sales data, given the course to more Covid-related restrictions in many states. Read more

XE Market Analysis: Asia - Nov 25, 2020

By: XE Market Analysis

The Dollar was mostly lower in N.Y. on Wednesday, resulting in a fresh three-month low for the DXY. The index touched 91.92 lows, levels last seen on September 1. A barrage of incoming U.S. data was mixed, though overall weighed some on the Greenback. Read more

XE Market Analysis: North America - Nov 25, 2020

By: XE Market Analysis

The dollar and yen firmed up and the dollar bloc and other cyclical currencies turned lower as stock markets in Europe drifted lower after a mixed session across Asian markets. Commodities also came off the boil, with copper prices, for instance, turning negative on the day after posting a near seven-year high. Read more

XE Market Analysis: Europe - Nov 25, 2020

By: XE Market Analysis

The dollar retained a softening bias while the dollar bloc and other commodity and cyclical currencies retained a firming bias, although momentum flagged somewhat during the course of trading, into the open of European interbank markets. While the MSCI World Index yesterday clocked a fresh record high, the mood in Asian stock markets has been more mixed, with Japan's Nikkei hitting a new 29-month high while the main Chinese indices declined amid rising corporate debt defaults in China, which pulled the MSCI Asia-Pacific index lower, albeit modestly so. Read more

XE Market Analysis: Asia - Nov 24, 2020

By: XE Market Analysis

The Dollar ran higher into the N.Y. open and beyond on Tuesday, taking the DXY from 92.19 to 92.55. The USD advanced versus all the major currencies, seemingly on the back of the formal start to the transition to a Biden presidency. Gains were later partly reversed, perhaps as risk-taking levels surged. Read more

XE Market Analysis: North America - Nov 24, 2020

By: XE Market Analysis

The dollar and yen came under pressure as risk-on positioning re-established. Pound outperformance was another theme. The MSCI Asia-Pacific ex-Japan stock index hit a new record high. Europe's Stoxx 600 pared early gains, leaving last week's eight-month highs unchallenged, but remained remaining buoyant. Read more

XE Market Analysis: Europe - Nov 24, 2020

By: XE Market Analysis

The dollar bloc and other commodity and cycle currencies have gained amid risk-on positioning in global markets, though many bellwether equity indices and commodities remain off recent trend highs, while Chinese markets fell after recent strong gains. Read more

XE Market Analysis: Asia - Nov 23, 2020

By: XE Market Analysis

The Dollar turned broadly higher in N.Y. on Monday, with the better Markit PMI outcomes providing the main driver. USD Short-covering was noted after the unit tumbled through much of the month of November. The DXY recovered from near three-month opening lows of 92.02 to 92.80. Read more

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