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XE Market Analysis: Asia - Feb 20, 2020

By: XE Market Analysis

The DXY topped at 99.91 into the N.Y. open on Thursday, levels last seen in April of 2017. The Dollar pulled back some through the morning session, though later headed back to near trend highs. Incoming U.S. data, including a better Philly Fed index, and in-line jobless claims had little FX market impact. Read more

XE Market Analysis: North America - Feb 20, 2020

By: XE Market Analysis

The yen has continued to underperform, and is showing a 2% decline against the dollar from yesterday's opening levels. USD-JPY printed a 10-month high at 112.19, and EUR-JPY posted a two-week high, at 121.09. There have been reports over the last day of major fund managers cutting yen longs against short regional Asian currency hedge positions, along with Japanese funds buying U.S. Read more

XE Market Analysis: Europe - Feb 20, 2020

By: XE Market Analysis

The yen has continued to underperform, and is showing a 1.7% decline against the dollar from yesterday's opening levels. USD-JPY printed a 10-month high at 111.88, and EUR-JPY posted a two-week high, at 120.63. There were reports yesterday of major fund managers cutting yen longs against short regional Asian currency hedge positions, along with Japanese funds buying U.S. Read more

XE Market Analysis: Asia - Feb 19, 2020

By: XE Market Analysis

The DXY topped at 99.71 in N.Y. on Thursday, making a 33-month high in the process. Warmer PPI, and a better than expected housing starts print provided the necessary Dollar support. EUR-USD printed fresh trend lows of 1.0782, down from near 1.0805 at the open. Read more

XE Market Analysis: North America - Feb 19, 2020

By: XE Market Analysis

The yen has taken a tumble with global markets once again finding optimism from news of a slight decline in coronavirus cases in China, along with the stimulus measures being enacted. USD-JPY rallied by over 0.5% in making a nine-month peak at 110.43. Read more

XE Market Analysis: Europe - Feb 19, 2020

By: XE Market Analysis

The yen has ebbed back after rising yesterday, with global markets once again finding optimism from news of a slight decline in coronavirus cases in China, although official data is being viewed with a good degree of scepticism by most. Asian stock markets lifted, and U.S. Read more

XE Market Analysis: Asia - Feb 18, 2020

By: XE Market Analysis

The Dollar rallied in N.Y. on Tuesday, taking the DXY to four-plus month highs of 99.47. The index was driven higher by EUR-USD's drop to new 34-month lows of 1.0786. A much better than expected Empire State index supported the Greenback early in the session, while renewed coronavirus concerns likely resulted in fresh demand for Treasuries, also a positive for the Dollar. Read more

XE Market Analysis: North America - Feb 18, 2020

By: XE Market Analysis

The yen and Swiss franc firmed as risk-off positioning took a grip after Apple warned that it would missed Q1 revenue guidance, pointing to a slow rebound in factory output in China and forcing a rethinking on the likely impact that the measures being taken to stem contagion of the coronavirus have been having. Read more

XE Market Analysis: Europe - Feb 18, 2020

By: XE Market Analysis

The yen and Swiss franc firmed as risk-off positioning took a grip after Apple warned that it would missed Q1 revenue guidance, pointing to a slow rebound in factory output in China and forcing a rethinking on the likely impact that the measures being taken to stem contagion of the coronavirus have been having. Read more

XE Market Analysis: North America - Feb 17, 2020

By: XE Market Analysis

The dollar and most other currencies have been stable in quiet early-week trading so far. This came with the main Chinese equity indices posting 2%-plus gains after China's Finance Minister said on Sunday that Beijing would roll out targeted and phased tax and fee cuts and with the PBoC lowering one of its interest rates and making another liquidity injection. Read more

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