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XE Market Analysis: Asia - Nov 20, 2020

By: XE Market Analysis

The Dollar bounced slightly through the N.Y. session on Friday, with pre-weekend short-covering driving much of the move, following a relatively soft performance through the week. The DXY topped at 92.42, after hitting 92.25 lows early in the session. Read more

XE Market Analysis: North America - Nov 20, 2020

By: XE Market Analysis

Currencies have largely remained within recent range bounds. Risk appetite picked up during the European morning, which saw the dollar bloc currencies lift. Asian stock markets lifted after starting out weak, with the main indices across the region finishing in a mix of modest losses and modest gains. Read more

XE Market Analysis: Europe - Nov 20, 2020

By: XE Market Analysis

Currencies have largely remained within recent range bounds as a risk-cautious sentiment continues in global asset markets. Asian stock markets lifted after starting out weak, with the main indices across the region showing a mix of modest losses and modest gains. Read more

XE Market Analysis: Asia - Nov 19, 2020

By: XE Market Analysis

As was the case on Wednesday, the Dollar attempted to rally early, though ultimately ran out of gas and later turned modestly lower on the session. The DXY topped at 92.68 before falling to 92.45 lows. Incoming data was mostly better than expected. Initial claims were higher than forecasts, though continuing claims fell sharply. Read more

XE Market Analysis: North America - Nov 19, 2020

By: XE Market Analysis

Currencies have been seeing relatively narrow ranges in risk-cautious trading, though the Australian and New Zealand dollars have racked up a 0.5% loss apiece versus the U.S. dollar, which has been trading with a firming bias. This has been concomitant with a pull back in commodity and global stock markets, with investors unwilling to commit fresh risk-on positions at prevailing lofty values and with northern hemisphere nations facing a tough pre-vaccine winter with regard to Covid-19 (and not just in Europe and North America, with Japan reporting a record daily rise in new positive Covid test results). Read more

XE Market Analysis: Europe - Nov 19, 2020

By: XE Market Analysis

The pound and euro posted respective two- and three-day lows against the dollar as anxieties about Brexit took hold, although magnitude of movement has been limited so far. Both currencies posted 10-day lows versus the yen, though fared better against the dollar bloc currencies with global stock markets and commodity markets seeing cautious trading after recent strong gains. Read more

XE Market Analysis: Asia - Nov 18, 2020

By: XE Market Analysis

N.Y. FX trade was very quiet on Wednesday, with major Dollar pairings held to narrow ranges. The USD attempted to rally early on, though quickly turned modestly lower. The DXY topped at 92.45, later easing to a 92.27 low. Incoming U.S. data saw October housing starts rise more than forecast, though the outcome had little market impact. Read more

XE Market Analysis: North America - Nov 18, 2020

By: XE Market Analysis

The dollar continued to soften. While there has been evident caution after recent strong gains in world stock markets, markets have remained buoyant, with Europe's Stoxx 600 lifting towards yesterday's eight-month, S&P 500 E-mini futures gaining 0.3%. Read more

XE Market Analysis: Europe - Nov 18, 2020

By: XE Market Analysis

The dollar maintained a soft tone, posting fresh lows against the yen and the pound, while holding above Tuesday lows against the euro and others. The Australian dollar saw intraday weakness before recovering. A degree of caution has crept back in after recent strong gains in world stock markets, which propelled the MSCI World Index to a record peak, though commodities are generally firmer, particularly metals, with aluminium prices, for instance, extending recent solid gains in posting the highest levels seen since late 2018. Read more

XE Market Analysis: Asia - Nov 17, 2020

By: XE Market Analysis

The Dollar firmed slightly in N.Y. on Tuesday, though narrow ranges were in place for most pairings. The DXY edged up from seven-session lows of 92.27, later peaking at 92.49. Incoming U.S. data was generally supportive, as retail sales missed forecasts, though large upward revisions from August offset, while industrial production was a bit better than consensus. Read more

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