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XE Market Analysis: North America - Sep 21, 2020

By: XE Market Analysis

The dollar and yen rallied, the latter especially so amid safe haven demand as global stock markets and commodity prices turned sharply lower, which in the case of the greenback countervailed concerns about the approaching U.S. election and lower-for-longer Fed policy regime. Read more

XE Market Analysis: Europe - Sep 21, 2020

By: XE Market Analysis

Dollar softness juxtaposed to yen firmness has been the dominant theme in currency markets so far today, which has been concomitant with tumbling global stock markets. USD-JPY dropped 0.4% in pegging a fresh seven-week lows under 104.20. Today racks up as the sixth straight trading day of decline, making this week the third consecutive week of decline. Read more

XE Market Analysis: Asia - Sep 18, 2020

By: XE Market Analysis

The Dollar ended a bit lower overall in N.Y. on Friday, though ranges were narrow, and volumes reportedly light into the weekend. Incoming U.S. data saw the Q2 current account blow out to a 12-year high, though Michigan sentiment was better than expected, and leading indicators were in line with consensus. Read more

XE Market Analysis: North America - Sep 18, 2020

By: XE Market Analysis

The dollar and more especially the yen lifted during the London morning session. EUR-USD dropped back to the lower 1.1800s after pegging a two-day high at 1.1862. Yesterday's five-week low is at 1.1737. A combo of EUR-JPY selling and broader dollar buying facilitated the decline in EUR-USD, which came amid a backdrop of flagging global equity markets. Read more

XE Market Analysis: Europe - Sep 18, 2020

By: XE Market Analysis

The dollar has scraped out a two-day low at 92.82 in the narrow trade-weighted (DXY) index, with EUR-USD concurrently pegging a two-day high at 1.1862, gaining quite sharply from yesterday's five-week low at 1.1737. A steadying in stock markets today has seen the dollar ebb back, after finding safe haven demand during the worst of this week's sharp sell-off across global equity markets. Read more

XE Market Analysis: Asia - Sep 17, 2020

By: XE Market Analysis

Dollar gains seen following the FOMC on Wednesday, and through the overnight Asian session evaporated during London morning trade and through the N.Y. session on Thursday. The DXY stood at about 93.10 just ahead of the Fed, rallied to 93.58 in Asia, later bottoming at 93.06 in N.Y.. Read more

XE Market Analysis: North America - Sep 17, 2020

By: XE Market Analysis

The dollar and yen gained concurrently with tumbling global stocks and commodity prices. EUR-USD consequently dropped to a five-week low at 1.1737 ahead of the European open, subsequently rebounding to the 1.1800 area. USD-JPY printed a seven-week low at 104.68. Read more

XE Market Analysis: Europe - Sep 17, 2020

By: XE Market Analysis

EUR-USD edged out a five-day low at 1.1829, extending the retreat from yesterday's 1.1901 six-day peak. Expectations for the Fed to present upward revisions to U.S. economic projections at the conclusion of the FOMC meeting today, along with recent signs that the ECB is concerned about the euro, or at least would be if rising EUR-USD trend resumed, has made the market more cautious. Read more

XE Market Analysis: Asia - Sep 16, 2020

By: XE Market Analysis

The dollar headed a bit lower, then reversed course higher following the FOMC announcement, where policy was unchanged, as expected, though moves were modest. USD-JPY dipped from 104.98 to 104.80, then headed to 105.08 highs, as EUR-USD bounced from 1.1830 to 1.1855 before heading to 1.1805 lows. Read more

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