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XE Market Analysis: Asia - Jan 23, 2020

By: XE Market Analysis

The Dollar index touched one-month highs of 97.80 in N.Y. trade on Thursday, though major USD pairings were mixed overall. EUR-USD pulled back to 1.1036 in morning trade, weighed by an ECB meeting which indicated no end in sight to the ultra-easy policy stance. Read more

XE Market Analysis: North America - Jan 23, 2020

By: XE Market Analysis

Sentiment remained fickle, with a 3%-plus dive in China's bellwether leading a sharply risk-off session in Asia markets, while the mood during in European markets was more measured, with the main indices, and U.S. index futures, holding near flat. This backdrop saw the yen and Swiss franc rally to fresh highs before both currencies settled. Read more

XE Market Analysis: Europe - Jan 23, 2020

By: XE Market Analysis

The yen rallied as Asian stock markets dropped quite sharply, led by a 3%-plus plunge in China's bellwether CSI 300 index amid concerns about contagion (and mutation) of the coronavirus, with concerns remaining, despite Beijing's best efforts, that the upcoming Lunar New Year holiday period will accelerate its spread. Read more

XE Market Analysis: Asia - Jan 22, 2020

By: XE Market Analysis

The FX market remained quiet in N.Y. on Wednesday, leaving most Dollar pairings little changed. The DXY was lifted slightly in early trade, later giving back its gains. Wall Street was choppy, though higher through the day. Treasury yields pulled back slightly, on a bit of residual sage-haven flows on the back of the coronavirus scare. Read more

XE Market Analysis: North America - Jan 22, 2020

By: XE Market Analysis

The dollar has traded mostly firmer amid a fickle sentiment backdrop in global markets, which turning more cautious in Europe after a bullish session across Asian stock markets, which had been fostered by the swift and transparent response of China to the coronavirus outbreak. Read more

XE Market Analysis: Europe - Jan 22, 2020

By: XE Market Analysis

The dollar has traded steady-to-firmer amid a revival in risk appetite in global markets, brought about by the swift and transparent response of China to the coronavirus outbreak. Some market commentaries have been highlighting this contrasts to Beijing's initial cover-up of the SARS outbreak back in 2003. Read more

XE Market Analysis: Asia - Jan 21, 2020

By: XE Market Analysis

FX Action was light in N.Y. on Tuesday, with no data to drive the Dollar. Risk taking levels were fairly neutral, though Wall Street lost ground on corona virus fears, and Treasury yields were a bit lower. The USD slipped some ahead of the open, weighed down by a better German ZEW outcome, and improved U.K. Read more

XE Market Analysis: North America - Jan 21, 2020

By: XE Market Analysis

The yen has attracted safe-haven demand amid rising concerns about the strain of coronavirus in China, which are being exacerbated by the approaching Lunar New Year holiday period in China, a period of heightened people travelling that risks accelerating the spread of contagion. Read more

XE Market Analysis: Europe - Jan 21, 2020

By: XE Market Analysis

The biggest mover has been a decline in AUD-JPY in the main currency markets so far today, with the cross proving most sensitive to rising concerns about the strain of coronavirus in China, which are being exacerbated by the approaching Lunar New Year holiday period in China, a period of heightened people travelling that risks accelerating the spread of contagion. Read more

XE Market Analysis: North America - Jan 20, 2020

By: XE Market Analysis

All quiet on the forex front, with the dollar majors and associated crosses rates plying narrow ranges so far. More of the same looks likely in the absence of U.S. market participants today. EUR-USD edged out a 25-day low at 1.1082 after breaching Friday's low at 1.1085. Read more

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