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XE Market Analysis: Asia - Apr 14, 2021

By: XE Market Analysis

The Dollar was softer through the N.Y. session on Wednesday, heading mostly lower despite an uptick in Treasury yields. The relative stability of yields this week has seen profit taking weigh down the Greenback, which had run up starting in late March as Treasury yields soared to 14-month highs on the back of inflation concerns. Read more

XE Market Analysis: North America - Apr 14, 2021

By: XE Market Analysis

The dollar has remained under pressure following the 8 bp drop in the 10-year U.S. Treasury yield yesterday, which came despite above-forecast CPI data. Yields have ticked slightly higher so far today, but remain near one-month lows at this maturity. Markets have evidently bought into the Fed's view that inflation will remain contained beyond the well-flagged burst of base-effect driven rise. Read more

XE Market Analysis: Europe - Apr 14, 2021

By: XE Market Analysis

The dollar has remained under pressure following the 8 bp drop in the 10-year U.S. Treasury yield yesterday, which came despite above-forecast CPI data. Yields have ticked slightly higher so far today, but remain near one-month lows at this maturity. Markets have evidently bought into the Fed's view that inflation will remain contained beyond the well-flagged burst of base-effect driven rise. Read more

XE Market Analysis: Asia - Apr 13, 2021

By: XE Market Analysis

The DXY fell to three-week lows of 91.86 in N.Y. on Tuesday, down from 92.32 highs seen immediately following the warmer U.S. March CPI outcome. Treasury yields headed lower, despite the CPI rise, which ultimately weighed broadly on the Greenback. It appeared a case of sell-the-news set in for the USD, as the bond market's very tame reaction indicated the Fed had done a good job in prepping markets for price increases. Read more

XE Market Analysis: North America - Apr 13, 2021

By: XE Market Analysis

The dollar picked up amid a backdrop of rising stock markets in Asia, which was sparked by respective 30.1% y/y and 38.1% y/y surges in Chinese exports and imports in March -- data affirming a post-pandemic turnaround, with China benefiting from both a 'first in first out' status and a rebound in global activity. Read more

XE Market Analysis: Europe - Apr 13, 2021

By: XE Market Analysis

The dollar picked up amid a backdrop of rising stock markets in Asia, which was sparked by respective 30.1% y/y and 38.1% y/y surges in Chinese exports and imports in March -- data affirming a post-pandemic turnaround, with China benefiting from both a 'first in first out' status and a rebound in global activity. Read more

XE Market Analysis: Asia - Apr 12, 2021

By: XE Market Analysis

After losing ground overnight, the Dollar was steady through the N.Y. session, albeit near recent lows. The DXY bottomed at 92.01, just above Thursday's better than two-week low of 92.00. Traders appeared to have been largely sidelined through the session, waiting on Tuesday's key March U.S. Read more

XE Market Analysis: North America - Apr 12, 2021

By: XE Market Analysis

The dollar has traded mixed so far in early-week trading, firming against the euro and dollar bloc but losing ground to the yen and pound. The narrow trade-weighted DXY dollar index logged an intraday peak at 92.33, 8 pips shy of its pre-weekend high, before ebbing back to near net unchanged levels. Read more

XE Market Analysis: Europe - Apr 12, 2021

By: XE Market Analysis

The dollar has been trading firmer in early-week trading, though has remained below Friday's high by the measure of the narrow trade-weighted DXY index, which has logged an intraday peak at 92.33, 8 pips shy of its pre-weekend high. EUR-USD edged out a low at 1.1939, returning focus on the 18-day low that was seen last week at 1.1900. Read more

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