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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

XE Market Analysis: North America - Nov 17, 2020

By: XE Market Analysis

The dollar and commodity currencies are softer against the yen and European currencies today. The dollar didn't show its usual inverse correlation with stock markets, which came off the boil today after rallying yesterday, driving the MSCI All World index to a record high. Read more

XE Market Analysis: Europe - Nov 17, 2020

By: XE Market Analysis

Currencies have been seeing narrow ranges so far today after yesterday's fresh bout of risk-on positioning. The Australian and New Zealand dollars still edged out respective eight-day and eight-month highs, but there wasn't much appetite for follow-through and both currencies ebbed back. Read more

XE Market Analysis: Asia - Nov 16, 2020

By: XE Market Analysis

The Dollar firmed up some in London morning trade, seeing the DXY head from one-week lows of 92.47 to 92.84 in early N.Y. Risk-on conditions through the N.Y. session later weighed some on the greenback, as Wall Street jumped to record highs on the Moderna Covid vaccine news. Read more

XE Market Analysis: North America - Nov 16, 2020

By: XE Market Analysis

The dollar has softened, and cyclical currencies have firmed as the MSCI Asia-Pacific equity index rallied over 1% to its highest level since its inception in 1987. Japan's Nikkei 225, which has been an investor favourite in the 'great rotation' into cyclical stocks, resumed its outperformance, rallying over 2% to a new best since 1991. Read more

XE Market Analysis: Europe - Nov 16, 2020

By: XE Market Analysis

The dollar has softened, and cyclical currencies have firmed as the MSCI Asia-Pacific equity index rallied over 1% to its highest level since its inception in 1987. Japan's Nikkei, which has been an investor favourite in the 'great rotation' into cyclical stocks, resumed its outperformance, rallying over 2% to a new best since 1991. Read more

XE Market Analysis: Asia - Nov 13, 2020

By: XE Market Analysis

The Dollar was modestly lower in N.Y. trade on Friday, resulting in the DXY falling from lows of 92.91 to 92.75 in early afternoon. Major Dollar pairings were largely held to narrow trading bands, but risk-on conditions weighed fairly broadly on the safe-haven Greenback. Read more

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