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XE Market Analysis: Asia - Apr 13, 2020

By: XE Market Analysis

The Dollar rallied some overnight in holiday thinned trade, though pulled back in light N.Y. trade on Monday. There was zero data on tap, and focus largely remained on virus developments. Following historical Wall Street gains seen last week, and ahead of Tuesday's earnings season kick-off, equities suffered from a profit taking round of selling. Read more

XE Market Analysis: Asia - Apr 09, 2020

By: XE Market Analysis

The Dollar fell broadly in N.Y. on Thursday, as the Fed announced new unprecedented facilities to deal with the coronavirus and the containment policies that have largely shut the economy. Under these new measures, that include programs to support state and local governments, as well as small and mid-sized companies, the Fed will provide up to $2.3 tln in additional aid. Read more

XE Market Analysis: North America - Apr 09, 2020

By: XE Market Analysis

Narrow ranges have been prevailing in currency markets ahead of some data and event risk items on today's calendar. Asian and European stock markets mostly gained, while U.S. index futures have flagged. Hopes remain that the peak global coronavirus infection rate may be approaching, which would mark the end of "phase 1" of the pandemic, with "phase 2" being how to exit from lockdowns while there is, as yet, no vaccine or cure. Read more

XE Market Analysis: Europe - Apr 09, 2020

By: XE Market Analysis

Narrow ranges have been prevailing in currency markets ahead of some big event risk items on today's calendar. Asian stock markets and U.S. index futures have retained buoyancy amid hopes that the peak global coronavirus infection rate may be approaching, which could mark the end of "phase 1" of the pandemic, with "phase 2" being how to exit from lockdowns while there is, as yet, no vaccine or cure. Read more

XE Market Analysis: Asia - Apr 08, 2020

By: XE Market Analysis

The Dollar headed higher overnight, though gave back much if its modest gains through the N.Y. session on Wednesday. Major pairings were largely in consolidation mode ahead of the long Easter weekend, with many on holiday Friday and Monday. There was no incoming U.S. Read more

XE Market Analysis: North America - Apr 08, 2020

By: XE Market Analysis

The dollar rose after declining over the last two days. This comes with global stock markets returning to a sputtering price action following a two-day bounce. News that new coronavirus cases in China have doubled over the last day, and that a city in the north of the country went lockdown, just a day after Wuhan, where the pandemic originated, ended its two-month lockdown, spooked investors. Read more

XE Market Analysis: Europe - Apr 08, 2020

By: XE Market Analysis

The dollar has rallied across the board after declining over the last two days. This comes with global stock markets returning to a sputtering price action following a two-day bounce. News that new coronavirus cases in China have doubled over the last day, and that a city in the north of the country went lockdown, just a day after Wuhan, where the pandemic originated, ended its two-month lockdown, spooked investors. Read more

XE Market Analysis: Asia - Apr 07, 2020

By: XE Market Analysis

The Dollar headed mostly lower in N.Y. on Tuesday, after nearly a week of gains. Risk-on conditions prevailed, as the pandemic appears to be flattening out in some places. Wall Street took that as a positive, and rallied through much of the session, though a slide in oil prices due to the EIA cutting 2020 price forecasts saw stocks pare gains late in the session. Read more

XE Market Analysis: North America - Apr 07, 2020

By: XE Market Analysis

Currencies have remained in a risk-on directional formation, with commodity and many developing-world currencies outperforming while the dollar, yen and, to a lesser extent, the Swiss franc underperform. This comes with equity markets amid day two of a rally pinned on tentative signs that the global coronavirus infection and mortality rates might be near to peaking. Read more

XE Market Analysis: Europe - Apr 07, 2020

By: XE Market Analysis

The commodity currencies outperformed some more, as did many developing-world currencies amid a backdrop of rising stock and commodity markets. Equity markets are amid day two of a rally pinned on tentative signs that the global coronavirus infection and mortality rates might be near to peaking. Read more

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