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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

XE Market Analysis: North America - Nov 23, 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 23, 2020

By: XE Market Analysis

The dollar and yen traded moderately softer against most other currencies amid a buoyant sentiment in Asian markets, which propelled the MSCI Asia-Pacific ex-Japan stock index hit a new record high. Sterling outperformance was another theme. There have been various positive news, ranging from Covid vaccines and treatments, to encouraging corporate earnings and economic data, and from the Brexit front, which have collectively helped investors look beyond the prevailing surge in Covid positive tests results across the northern hemisphere. Read more

XE Market Analysis: Asia - Nov 20, 2020

By: XE Market Analysis

The Dollar bounced slightly through the N.Y. session on Friday, with pre-weekend short-covering driving much of the move, following a relatively soft performance through the week. The DXY topped at 92.42, after hitting 92.25 lows early in the session. Read more

XE Market Analysis: North America - Nov 20, 2020

By: XE Market Analysis

Currencies have largely remained within recent range bounds. Risk appetite picked up during the European morning, which saw the dollar bloc currencies lift. Asian stock markets lifted after starting out weak, with the main indices across the region finishing in a mix of modest losses and modest gains. Read more

XE Market Analysis: Europe - Nov 20, 2020

By: XE Market Analysis

Currencies have largely remained within recent range bounds as a risk-cautious sentiment continues in global asset markets. Asian stock markets lifted after starting out weak, with the main indices across the region showing a mix of modest losses and modest gains. Read more

XE Market Analysis: Asia - Nov 19, 2020

By: XE Market Analysis

As was the case on Wednesday, the Dollar attempted to rally early, though ultimately ran out of gas and later turned modestly lower on the session. The DXY topped at 92.68 before falling to 92.45 lows. Incoming data was mostly better than expected. Initial claims were higher than forecasts, though continuing claims fell sharply. Read more

XE Market Analysis: North America - Nov 19, 2020

By: XE Market Analysis

Currencies have been seeing relatively narrow ranges in risk-cautious trading, though the Australian and New Zealand dollars have racked up a 0.5% loss apiece versus the U.S. dollar, which has been trading with a firming bias. This has been concomitant with a pull back in commodity and global stock markets, with investors unwilling to commit fresh risk-on positions at prevailing lofty values and with northern hemisphere nations facing a tough pre-vaccine winter with regard to Covid-19 (and not just in Europe and North America, with Japan reporting a record daily rise in new positive Covid test results). Read more

XE Market Analysis: Europe - Nov 19, 2020

By: XE Market Analysis

The pound and euro posted respective two- and three-day lows against the dollar as anxieties about Brexit took hold, although magnitude of movement has been limited so far. Both currencies posted 10-day lows versus the yen, though fared better against the dollar bloc currencies with global stock markets and commodity markets seeing cautious trading after recent strong gains. Read more

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