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about 2 months ago

XE Market Analysis: Europe - Dec 02, 2020

By: XE Market Analysis

The dollar and yen have remained soft versus most other currencies, although some caution emerged in global asset markets after a fresh rally yesterday. EUR-USD broke higher over the last day and today extended to a new 32-month high at 1.2089. Demand for euros was notable yesterday, and followed eurozone inflation data for November that came in below expectations in posting a fourth consecutive month of deflationary CPI readings, at -0.3% y/y. Read more

about 2 months ago

XE Market Analysis: North America - Dec 01, 2020

By: XE Market Analysis

The dollar and yen came back under pressure as risk-on positioning in global markets resumed. Most of the main dollar pairings and cross rates remained with recent ranges, though NZD-JPY saw a new one-year high, even as NZD-USD remained just off the 30-month high that was seen yesterday. Read more

about 2 months ago

XE Market Analysis: Europe - Dec 01, 2020

By: XE Market Analysis

The dollar and yen came back under pressure as risk-on positioning in global markets resumed. Most of the main dollar pairings and cross rates remained with recent ranges, though NZD-JPY saw a new one-year high, even as NZD-USD remained just off the 30-month high that was seen yesterday. Read more

about 2 months ago

XE Market Analysis: Asia - Nov 30, 2020

By: XE Market Analysis

After fading in early N.Y. trade on Monday, the Dollar rallied back. The DXY touched a 31-month low of 91.51 after the open, down from overnight highs of 91.75, before bouncing to 91.91 at mid-session. The safe-haven USD found support from a risk-off backdrop, while the earlier trend lows prompted some month-end Dollar short covering. Read more

about 2 months ago

XE Market Analysis: North America - Nov 30, 2020

By: XE Market Analysis

The DXY dollar index clocked a 32-month low at 91.55, and is set to close out November with its second biggest monthly loss in almost two years. The decline has been concomitant with the vaccine-optimism rally in global asset markets, which catalysed a rotation in cyclical stocks and industrial commodities. Read more

about 2 months ago

XE Market Analysis: Europe - Nov 30, 2020

By: XE Market Analysis

The DXY dollar index edged out a 32-month low at 91.66, and is set to close out November with its second biggest monthly loss in almost two years. The decline has been concomitant with the vaccine-optimism rally in global asset markets, which catalysed a rotation in cyclical stocks and industrial commodities. Read more

about 2 months ago

XE Market Analysis: Asia - Nov 27, 2020

By: XE Market Analysis

The Dollar was lower overall in N.Y. trade on Friday, seeing the DXY fall to three-month lows, and within 2 points of printing a 2.5 year low. The was no U.S. data to end the week, and the session was relatively quiet overall, as many U.S. participants remained out following Thursday's Thanksgiving holiday. Read more

about 2 months ago

XE Market Analysis: North America - Nov 27, 2020

By: XE Market Analysis

Narrow ranges have been prevailing in risk-cautious trading. The DXY dollar index settled around the 92.00 level, above yesterday's 12-week low at 91.84. EUR-USD remained buoyant but off from the 12-day peak seen yesterday at 1.1942. Cable also held within its Thursday range. Read more

about 2 months ago

XE Market Analysis: Europe - Nov 27, 2020

By: XE Market Analysis

Narrow ranges have been prevailing in risk-cautious trading. The DXY dollar index settled around the 92.00 level, above yesterday's 12-week low at 91.84. EUR-USD remained buoyant but off from the 12-day peak seen yesterday at 1.1942. Cable also held within its Thursday range. Read more

about 2 months ago

XE Market Analysis: North America - Nov 26, 2020

By: XE Market Analysis

The dollar has remained soft in quiet conditions, while global asset markets have seen little direction. The U.S. Thanksgiving holiday has quelled activity. Europe's Stoxx 600 traded near flat. Most stock markets in Asia gained, though remained off recent highs. Read more

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