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XE Market Analysis: Europe - Sep 18, 2020

By: XE Market Analysis

The dollar has scraped out a two-day low at 92.82 in the narrow trade-weighted (DXY) index, with EUR-USD concurrently pegging a two-day high at 1.1862, gaining quite sharply from yesterday's five-week low at 1.1737. A steadying in stock markets today has seen the dollar ebb back, after finding safe haven demand during the worst of this week's sharp sell-off across global equity markets. Read more

XE Market Analysis: Asia - Sep 17, 2020

By: XE Market Analysis

Dollar gains seen following the FOMC on Wednesday, and through the overnight Asian session evaporated during London morning trade and through the N.Y. session on Thursday. The DXY stood at about 93.10 just ahead of the Fed, rallied to 93.58 in Asia, later bottoming at 93.06 in N.Y.. Read more

XE Market Analysis: North America - Sep 17, 2020

By: XE Market Analysis

The dollar and yen gained concurrently with tumbling global stocks and commodity prices. EUR-USD consequently dropped to a five-week low at 1.1737 ahead of the European open, subsequently rebounding to the 1.1800 area. USD-JPY printed a seven-week low at 104.68. Read more

XE Market Analysis: Europe - Sep 17, 2020

By: XE Market Analysis

EUR-USD edged out a five-day low at 1.1829, extending the retreat from yesterday's 1.1901 six-day peak. Expectations for the Fed to present upward revisions to U.S. economic projections at the conclusion of the FOMC meeting today, along with recent signs that the ECB is concerned about the euro, or at least would be if rising EUR-USD trend resumed, has made the market more cautious. Read more

XE Market Analysis: Asia - Sep 16, 2020

By: XE Market Analysis

The dollar headed a bit lower, then reversed course higher following the FOMC announcement, where policy was unchanged, as expected, though moves were modest. USD-JPY dipped from 104.98 to 104.80, then headed to 105.08 highs, as EUR-USD bounced from 1.1830 to 1.1855 before heading to 1.1805 lows. Read more

XE Market Analysis: North America - Sep 16, 2020

By: XE Market Analysis

The dollar has been trading softer into the FOMC announcement. EUR-USD rallied by just over 50 pips from the intraday low in posting a high at 1.1882, nearing yesterday's six-day peak. Dollar weakness has been facilitated by relatively strong gains (0.5%, give or take) in Cable and AUD-USD. Read more

XE Market Analysis: Europe - Sep 16, 2020

By: XE Market Analysis

EUR-USD edged out a five-day low at 1.1829, extending the retreat from yesterday's 1.1901 six-day peak. Expectations for the Fed to present upward revisions to U.S. economic projections at the conclusion of the FOMC meeting today, along with recent signs that the ECB is concerned about the euro, or at least would be if rising EUR-USD trend resumed, has made the market more cautious. Read more

XE Market Analysis: Asia - Sep 15, 2020

By: XE Market Analysis

The Dollar headed mostly higher through the N.Y. morning session on Tuesday, after fading through the overnight session. Decent U.S. data helped sentiment, as the Empire State index rose more than expected. The 0.4% industrial production gain was smaller than expected, but it followed big upward revisions that left August levels that were just modestly short of assumptions. Read more

XE Market Analysis: North America - Sep 15, 2020

By: XE Market Analysis

The dollar softened against its peers amid a background theme of rallying global stock markets. The USD index (DXY) printed a five-day low at 92.79, while EUR-USD concurrently pegged a five-day high at 1.1900. USD-JPY ebbed modestly lower and posted a 15-day low at 105.53. Read more

XE Market Analysis: Europe - Sep 15, 2020

By: XE Market Analysis

The dollar and yen softened against their peers amid a background theme of mostly higher stock markets. The main U.S. equity indexes closed on Wall Street yesterday with gains of over 1%, and S&P 500 mini is up 0.5% in overnight trading. Most Asia stock markets also gained, though some markets, including Japan and Australia, declined. Read more

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