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XE Market Analysis: Asia - Mar 03, 2021

By: XE Market Analysis

The Dollar was largely range bound through the N.Y. session on Wednesday, pushing slightly higher overall in morning trade, later fading some before steadying near mid-range. There was little FX reaction to the incoming data, where the ADP jobs report missed the mark, while the services ISM was light of expectations as well. Read more

XE Market Analysis: North America - Mar 03, 2021

By: XE Market Analysis

The dollar has seen a down-and-up price action, ebbing during the Asian session into the London interbank open and then rebounding during the European morning, concomitantly with a rebound in the dollar as U.S. Treasury yields shifted higher amid the backdrop of rallying stock markets. Read more

XE Market Analysis: Europe - Mar 03, 2021

By: XE Market Analysis

The dollar's prevailing bias has switched to softening against a backdrop of buoyant stock markets and steady Treasury yields. The DXY dollar index ebbed to a low for the week at 90.67, correcting gains that yesterday left a one-month high at 91.39, while EUR-USD posted a high for the week at 1.2107, having recouped from yesterday's dabble under 1.2000. Read more

XE Market Analysis: Asia - Mar 02, 2021

By: XE Market Analysis

Risk-off conditions in Asia saw the Dollar rally, though European stocks rallied, and Wall Street largely retained Monday's sharp gains, resulting in the safe-haven USD ease lower through the N.Y. session. The DXY had printed a near four-week high of 91.39 overnight, though later bottomed at 90.75 after the London close. Read more

XE Market Analysis: North America - Mar 02, 2021

By: XE Market Analysis

The dollar fluctuated from gains to losses in synchrony with, first, a tumble in Asian equities and, then, a subsequent rally across European equity markets, which was accompanied by a rebound from losses in U.S. equity index futures. The DXY index dropped back to near net unchanged levels around 91.10 after earlier posting a near one-month high at 91.32, while EUR-USD lifted back above 1.2030 after printing a near one-month low at 1.1992. Read more

XE Market Analysis: Europe - Mar 02, 2021

By: XE Market Analysis

The dollar and yen have gained on an apparent safe haven bid as Asian stock markets turned lower after the head of the China banking regulator warned of bubbles developing in foreign markets and domestic property markets, and signalled that Beijing is looking at measures to manage capital inflows to forestall turbulence in domestic markets. Read more

XE Market Analysis: Asia - Mar 01, 2021

By: XE Market Analysis

The DXY rallied to near three-week highs in N.Y. on Monday, after rallying out of 90.69 lows overnight. A calmer backdrop in the Bond market, and an easing of inflation fears ultimately allowed the index to rally some, following last week's near two-week lows. Read more

XE Market Analysis: North America - Mar 01, 2021

By: XE Market Analysis

The dollar rebounded out of lows, with European markets on the bid after Asian markets were on the offer. European markets seemed more reactive to a lift in Treasury yields amid a backdrop of rebounding global stock markets and commodities. The DXY dollar index recovered from a 90.69 low to a three-week high at 91.13, while EUR-USD dropped 0.6% from the Asia-session high to a 12-day low at 1.2029. Read more

XE Market Analysis: Europe - Mar 01, 2021

By: XE Market Analysis

The dollar has corrected some of Friday's gains amid a recovery in risk appetite in global markets, which has come as bond yields retreated. The DXY dollar index has posted a low at 90.69, down from Friday's 11-day high at 90.97, while EUR-USD concurrently lifted to a high of 1.2101, up almost 40 pips from the 11-day low that was seen on Friday. Read more

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