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XE Market Analysis: Europe - Jan 19, 2021

By: XE Market Analysis

The dollar has dropped today after rallying yesterday. A bullish sentiment on Asian stock markets boosted other currencies, particularly the dollar bloc and other cyclical units. The MSCI Asia-Pacific index rose over 1.5% to within a few pips of record highs. Read more

XE Market Analysis: North America - Jan 18, 2021

By: XE Market Analysis

The DXY dollar index has posted a one-month high at 90.95, which sets up potential for a third consecutive up week, which is something that hasn't been seen since January last year. Other currencies have mostly softened, especially the dollar bloc and other cyclical currencies as global stock markets have continued to sputter. Read more

XE Market Analysis: Europe - Jan 18, 2021

By: XE Market Analysis

The DXY dollar index has posted a one-month high at 90.88, which sets up potential for a third consecutive up week, which is something that hasn't been seen since January last year. Other currencies have mostly softened, especially the dollar bloc and other cyclical currencies as global stock markets have continued to sputter. Read more

XE Market Analysis: Asia - Jan 15, 2021

By: XE Market Analysis

The Dollar rallied in N.Y. on Friday, seeing the DXY print one-month highs of 90.77, up from 90.43 in early trade. Despite some data misses and lower Treasury yields, the USD posted gains against all major currencies. Hopes for a more efficient rollout of Covid vaccines, and a quicker economic recovery supported the Greenback. Read more

XE Market Analysis: North America - Jan 15, 2021

By: XE Market Analysis

The dollar has traded moderately firmer, while modest weakness has been seen in the euro and yen, alongside a smidgen of firmness in the Canadian dollar. EUR-USD edged out a two-day low at 1.2136, which is 4 pips shy of the 24-day low that was seen earlier in the week. Read more

XE Market Analysis: Europe - Jan 15, 2021

By: XE Market Analysis

The dollar has traded firmer amid a backdrop of sputtering global stock markets, which, having lifted yesterday on reports of a $2 tln fiscal stimulus package from president-elect Biden, dropped back after he confirmed the package would total $1.9 tln. Read more

XE Market Analysis: Asia - Jan 14, 2021

By: XE Market Analysis

The Dollar attempted to rally early in the N.Y. session on Thursday, taking the DXY to two-session highs of 90.58, up from overnight lows of 90.24. From there, a round of profit taking set in, seeing the USD reverse lower against major currencies. There was little initial reaction to the much worse than expected jobless claims figures, though the data later could have been a driver of Dollar weakness. Read more

XE Market Analysis: Europe - Jan 14, 2021

By: XE Market Analysis

Modest weakness in the euro and yen, along with a smidgen of firmness in the Canadian dollar, were pretty much the only directional themes among the main currencies in trading through to the early London interbank session. EUR-USD edged out a two-day low at 1.2136, which is 4 pips shy of the 24-day low that was seen earlier in the week. Read more

XE Market Analysis: Asia - Jan 13, 2021

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Wednesday, keeping the DXY inside of a 90.20 to 90.45 trading band. Incoming data saw December CPI on the cooler side of expectations, though there was little market reaction. Wall Street struggled, though into the close, the major indices were all in modestly green territory. Read more

XE Market Analysis: North America - Jan 13, 2021

By: XE Market Analysis

The dollar lifted out of lows, aided by gains against the euro after ECB's Villeroy fired a rhetorical volley across the bows of euro bulls, reminding the forex market that he and his colleagues "are monitoring with particular attention the negative effects of the euro exchange rate." Market participants, meanwhile, overlooked a much stronger than expected Eurozone industrial production data. Read more

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