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XE Market Analysis: Asia - Aug 04, 2020

By: XE Market Analysis

The Dollar attempted to rally early in the session on Tuesday, though it quickly turned lower through the remainder of the session. The DXY fell from early highs of 93.83, later bottoming at 93.34 in afternoon dealings. U.S. fiscal concerns appeared to be the driver of USD weakness. Read more

XE Market Analysis: North America - Aug 04, 2020

By: XE Market Analysis

The dollar has ebbed, particularly against the euro and Australian dollar. EUR-USD lifted above Monday's 1.1797 high in posting a peak at 1.1806, while AUD-USD came within a couple of pips of its Monday high at 0.7155. With USD-JPY holding a narrow range near 106.00, both EUR-JPY and AUD-JPY lifted, though both remained off their respective Monday peaks. Read more

XE Market Analysis: Europe - Aug 04, 2020

By: XE Market Analysis

The dollar has been ebbing moderately lower into the London interbank open, though has largely remained above lows seen on Monday. The USD index (DXY) drifted to a 96.43 low after yesterday's rebound capped out at a six-day high at 93.99. This has come amid a risk-on backdrop, which has propelled the MSCI Asia-Pacific index to gains of over 1%, along with lifting U.S. Read more

XE Market Analysis: Asia - Aug 03, 2020

By: XE Market Analysis

The Dollar added to overnight gains early in N.Y. on Monday, though later faded following mixed U.S. data, which saw the July manufacturing ISM print slightly better, along with disappointing June construction spending figures. The DXY rallied from 93.38 lows overnight to a N.Y. Read more

XE Market Analysis: North America - Aug 03, 2020

By: XE Market Analysis

The dollar is up for a second consecutive trading day, with the narrow trade-weighted USD index posting its best level since last Tuesday, at 93.83, extending a rebound from the 25-month low that was seen on Friday at 92.55. EUR-USD concurrently ebbed below Friday's low on route to a low at 1.1717, extending the correction from Friday's 26-month peak at 1.1910. Read more

XE Market Analysis: Europe - Aug 03, 2020

By: XE Market Analysis

The dollar has lifted, with the narrow trade-weighted USD index posting its best level since last Thursday, at 93.70, extending a rebound from the 25-month low that was seen on Friday at 92.55. EUR-USD concurrently ebbed to a below Friday's low on route to a low at 1.1741, extending the correction from Friday's 26-month peak at 1.1910. Read more

XE Market Analysis: Asia - Jul 31, 2020

By: XE Market Analysis

The DXY recovered from two-year lows of 92.55 seen overnight, then rallied to 93.53 highs through the morning session. Week-end and Month end Dollar short covering appeared to be the main driver. Incoming data was mixed, leaving personal income and PCE a bit weaker then expected, the Chicago PMI better, while the final U. Read more

XE Market Analysis: North America - Jul 31, 2020

By: XE Market Analysis

The dollar pared intraday declines that were largely seen ahead of the London open. The narrow trade-weighted USD index printed a fresh 26-month low at 92.59, the culmination of a 5% decline from the finishing level in June and marking just over a 10% drop from the highs seen in early March, before lifting to a rebound high at 92.97. Read more

XE Market Analysis: Europe - Jul 31, 2020

By: XE Market Analysis

The dollar continued lower in what is now the biggest monthly decline the U.S. currency has seen in a decade. The narrow trade-weighted USD index printed a fresh 26-month low at 92.59, the culmination of a 5% decline from the finishing level in June and marking just over a 10% drop from the highs seen in early March. Read more

XE Market Analysis: Asia - Jul 30, 2020

By: XE Market Analysis

The DXY printed fresh two-year lows in N.Y. on Thursday, printing a base of 93.04, after opening at 93.61. The plunge in Q2 GDP, along with the rise in both initial jobless claims and continuing claims dented sentiment overall, seeing stock slide, and Treasury yields fall to record lows. Read more

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