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XE Market Analysis: Asia - Jul 07, 2020

By: XE Market Analysis

The Dollar was choppy, but little changed overall in N.Y. trade on Tuesday, generally reacting to the risk backdrop. There was no data to move markets, though Wall Street posted losses as investors have a rethink, at least for now, on the economic growth outlook, as COVID hot spots continue to slow reopenings around the world. Read more

XE Market Analysis: North America - Jul 07, 2020

By: XE Market Analysis

The dollar has settled higher after drifting lower yesterday. This came with global stock market, ex-China, having corrected after rallying yesterday. The MSCI Asia-Pacific stock index ebbed back from yesterday's four-and-a-half-month peak, which was the culmination of a 7% rally over a five-day period. Read more

XE Market Analysis: Europe - Jul 07, 2020

By: XE Market Analysis

The dollar has settled moderately higher after drifting lower yesterday. This came with stock markets in Asia, ex-China, along with U.S. equity futures, having corrected a portion of yesterday's rally. The MSCI Asia-Pacific stock index corrected from yesterday's four-and-a-half-month peak, which was the culmination of a 7% rally over a five-day period. Read more

XE Market Analysis: Asia - Jul 06, 2020

By: XE Market Analysis

The DXY fell to nearly two-week lows of 96.57 in early N.Y. trade on Monday, down from 97.19 highs seen in early Asia. Global risk-on conditions, driven by Chinese state media's more positive view on a domestic recovery, further underpinned sentiment following the robust U.S. Read more

XE Market Analysis: North America - Jul 06, 2020

By: XE Market Analysis

Risk-on positioning has been ensuing so far today, which in forex markets has meant underperformance in the dollar and yen and outperformance in the Australian dollar. A 5%-plus surge in the main blue chip stock indices in China, which propelled the Shanghai Composite index to a five-year high, led a broader rise in other asset markets. Read more

XE Market Analysis: Europe - Jul 06, 2020

By: XE Market Analysis

Currencies have been trading in a risk-on formation, which has meant underperformance in the dollar and yen and outperformance in the Australian dollar. A 5% surge in the main blue chip stock indices in China, which propelled the Shanghai Composite index to a five-year high, led a broader rise in other asset markets. Read more

XE Market Analysis: North America - Jul 03, 2020

By: XE Market Analysis

The main dollar pairings and crosses have mostly been holding within their respective Thursday ranges. The dollar itself consolidated its post-payrolls gains, while stock markets in Asia-Pacific rallied, though European equities retreated, having yesterday reacted to the U.S. Read more

XE Market Analysis: Europe - Jul 03, 2020

By: XE Market Analysis

Little change on the forex front, with the main dollar pairings and crosses holding within their respective Thursday ranges. The dollar itself consolidated its post-payrolls gains, while stock markets in Asia-Pacific extended the rally in global asset markets following the affirmation of a solid employment rebound in the U.S. Read more

XE Market Analysis: Asia - Jul 02, 2020

By: XE Market Analysis

The Dollar was choppy in N.Y. on Thursday, though ultimately ended up slightly on the session overall. It was a busy U.S. data day, headlined by the June employment report which saw non-farm payrolls surge 4.800 mln. Initial claims were somewhat disappointing, though factory orders surged more than expected. Read more

XE Market Analysis: North America - Jul 02, 2020

By: XE Market Analysis

The dollar and yen have taken a rotation lower as global stock markets rose on hopes about a vaccine for the coronavirus. Pfizer and Germany's BioNTech, developing one of the 150-plus candidate vaccines, reporting good results in early-stage human trials. Read more

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