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XE Market Analysis: Asia - Feb 13, 2020

By: XE Market Analysis

The Dollar was mostly higher in N.Y. on Thursday, with in-line CPI and lower than expected jobless claims driving the DXY to fresh four-month highs. Risk-off conditions helped the USD as well, following news overnight that the number of China virus case was revised sharply higher, with safe-haven flows supporting. Read more

XE Market Analysis: North America - Feb 13, 2020

By: XE Market Analysis

The yen and Swiss franc rose as a risk-off sentiment once again took hold in global markets following news of sharp increase in coronavirus cases. That the rise in cases was the product of a new methodology for counting infections, lowering the bar in what counts for an infection by using a tomography scan rather than slower ribonucleic acid tests, and that the rise in new cases was confined to where this new method was being used, in China's Hubei province (where the virus originated), didn't matter, as the news left a sense that the spread might be a lot worse that previously thought. Read more

XE Market Analysis: Europe - Feb 13, 2020

By: XE Market Analysis

The yen and Swiss franc rose as a risk-off sentiment once against took hold in global markets following news of sharp increase in coronavirus cases. That the rise in cases was the product of a new methodology for counting infections, lowering the bar in what counts for an infection by using a tomography scan rather than slower ribonucleic acid tests, and that the rise in new cases was confined to where this new method was being used, in China's Hubei province (where the virus originated), didn't matter, as the news left a sense that the spread might be a lot worse that previously thought. Read more

XE Market Analysis: Asia - Feb 12, 2020

By: XE Market Analysis

After stumbling some on Tuesday, the Dollar index headed to fresh four-month highs in N.Y. trade on Wednesday. The USD remains firm, largely due to an outperforming U.S. economy. Risk-on conditions prevailed through the session, taking major U.S. equity indices to or near record highs. Read more

XE Market Analysis: North America - Feb 12, 2020

By: XE Market Analysis

The yen remained soft while the dollar bloc currencies outperformed as risk appetite in global markets held up. A reported dip in new coronavirus cases in China has been tonic for investors. Against this backdrop, USD-JPY lifted to a three-week high at 110.13 after breaching Tuesday's high at 109.96. Read more

XE Market Analysis: Europe - Feb 12, 2020

By: XE Market Analysis

The yen remained soft while the dollar bloc currencies extended recent gains as risk appetite in global markets held up, with a reported dip in new coronavirus cases in China being tonic for investors. Wall Street yesterday saw fresh record highs, while the MSCI Asia-Pacific equity index rose by another 1% today. Read more

XE Market Analysis: Asia - Feb 11, 2020

By: XE Market Analysis

The Dollar rallied in early N.Y. trade, later giving back gains to end the session slightly under water. The DXY printed new four-month highs of 98.94, before falling back to 98.72 lows. EUR-USD was pushed under the 1.09 mark for the first time since October, later heading toward 1.1025. Read more

XE Market Analysis: North America - Feb 11, 2020

By: XE Market Analysis

The dollar has consolidated gains seen on Friday following the robust employment report out of the U.S. The coronavirus death toll surpasses that for the SARS outbreak of 2002-2, and there remains as yet little concrete sign that the rate of spread of the virus is abating, which has fed a sputtering price action in Asian and European stock markets today, despite Wall Street having scaled to new record highs on Friday. Read more

XE Market Analysis: Europe - Feb 11, 2020

By: XE Market Analysis

The yen has weakened, and the Australian dollar has lifted, reflecting global markets taking a positive view of the ultimate spread and economic impact of the coronavirus outbreak, despite the the World Health Organization warning that the spread of the virus among those who had not been to China could be "the spark that becomes a bigger fire." One popular view in markets is that coronavirus contagion will peak in March, with Chinese growth going to zero m/m in Q1 before rebounding sharply in Q2. Read more

XE Market Analysis: Asia - Feb 10, 2020

By: XE Market Analysis

The Dollar was mostly firmer in N.Y. trade on Monday, taking the DXY to fresh trend highs of 98.88, levels last seen on October 10. There was no incoming data to move the market, though last Friday's strong employment report continued to resonate with FX traders. Read more

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