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XE Market Analysis: Asia - May 05, 2021

By: XE Market Analysis

The DXY printed near three-week highs of 91.44 overnight, later dipping to 91.21 into the N.Y. open, before steadying in a narrow trading band over 91.20. Incoming data was slightly softer than expected, seeing the ADP employment survey adding 742k jobs while the services ISM dipped slightly versus forecasts for a firmer reading. Read more

XE Market Analysis: North America - May 05, 2021

By: XE Market Analysis

The dollar lost upside momentum, while cyclical, commodity-correlating currencies outperformed as many base metal prices scaled to fresh major-trend highs. Copper hit new 10-year highs, for instance, on reports of there being only enough warehoused copped to cover just over three weeks worth of demand. Read more

XE Market Analysis: Europe - May 05, 2021

By: XE Market Analysis

The dollar lost some upside momentum but has remained firm. The DXY dollar index edged out a two-week high at 91.43 while EUR-USD ebbed below 1.1990 for the first time since April 19th. This comes after U.S. Treasury Secretary Yellen, formerly the chair of the Fed, caught attention by stepping on Powell's toes yesterday, saying that the Fed might have to lift rates to contain an overheating economy. Read more

XE Market Analysis: Asia - May 04, 2021

By: XE Market Analysis

The Dollar was mixed through the N.Y. session on Tuesday, though the DXY ended on a firmer footing, up over 0.3% on the day to 91.29 highs. Data misses dented USD sentiment to a degree, as the March trade deficit widened to a record, and factory orders missed consensus expectations. Read more

XE Market Analysis: North America - May 04, 2021

By: XE Market Analysis

The dollar has lifted out of lows seen yesterday, which were a product of a drop in long-dated U.S. yields following sub-forecast April ISM and March construction data. The narrow trade-weighted DXY USD index lifted back to near 92.20 after posting a low at 90.87. Read more

XE Market Analysis: Europe - May 04, 2021

By: XE Market Analysis

The dollar has lifted out of lows seen yesterday, which were a product of a drop in long-dated U.S. yields following sub-forecast April ISM and March construction data. The narrow trade-weighted DXY USD index has lifted back to near 92.20 after posting a low at 90.87. Read more

XE Market Analysis: Asia - May 03, 2021

By: XE Market Analysis

The Dollar firmed up some overnight, taking the DXY to eight-session highs of 91.39 in early Europe. The USD held fairly steady into the 10:00 ET round of U.S. data, though a miss in both the manufacturing ISM and construction spending took the index to session lows of 90.87. Read more

XE Market Analysis: North America - May 03, 2021

By: XE Market Analysis

The DXY dollar index printed an 11-day high at 91.39, extending the recovery from the two-month low that was seen last Thursday at 90.42. EUR-USD concurrently edged out a 10-day low at 1.2014 while USD-JPY lifted to a three-week peak at 109.70. The dollar fared less well against the pound and dollar bloc currencies, remaining off its highs that were seen against these currencies on Friday. Read more

XE Market Analysis: Europe - May 03, 2021

By: XE Market Analysis

The DXY dollar index printed an 11-day high at 91.39, extending the recovery from the two-month low that was seen last Thursday at 90.42. EUR-USD concurrently edged out a 10-day low at 1.2014 while USD-JPY lifted to a three-week peak at 109.67. The dollar fared less well against the pound and dollar bloc currencies, remaining off its highs that were seen against these currencies on Friday. Read more

XE Market Analysis: Asia - Apr 30, 2021

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Friday, though the Dollar was firmer overall, with short covering in effect into the weekend, and following the two-month DXY low printed on Thursday. Strong U.S. data helped sentiment as well, as income, spending, Chicago PMI and U. Read more

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