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XE Market Analysis: Europe - May 04, 2021

By: XE Market Analysis

The dollar has lifted out of lows seen yesterday, which were a product of a drop in long-dated U.S. yields following sub-forecast April ISM and March construction data. The narrow trade-weighted DXY USD index has lifted back to near 92.20 after posting a low at 90.87. Read more

XE Market Analysis: Asia - May 03, 2021

By: XE Market Analysis

The Dollar firmed up some overnight, taking the DXY to eight-session highs of 91.39 in early Europe. The USD held fairly steady into the 10:00 ET round of U.S. data, though a miss in both the manufacturing ISM and construction spending took the index to session lows of 90.87. Read more

XE Market Analysis: North America - May 03, 2021

By: XE Market Analysis

The DXY dollar index printed an 11-day high at 91.39, extending the recovery from the two-month low that was seen last Thursday at 90.42. EUR-USD concurrently edged out a 10-day low at 1.2014 while USD-JPY lifted to a three-week peak at 109.70. The dollar fared less well against the pound and dollar bloc currencies, remaining off its highs that were seen against these currencies on Friday. Read more

XE Market Analysis: Europe - May 03, 2021

By: XE Market Analysis

The DXY dollar index printed an 11-day high at 91.39, extending the recovery from the two-month low that was seen last Thursday at 90.42. EUR-USD concurrently edged out a 10-day low at 1.2014 while USD-JPY lifted to a three-week peak at 109.67. The dollar fared less well against the pound and dollar bloc currencies, remaining off its highs that were seen against these currencies on Friday. Read more

XE Market Analysis: Asia - Apr 30, 2021

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Friday, though the Dollar was firmer overall, with short covering in effect into the weekend, and following the two-month DXY low printed on Thursday. Strong U.S. data helped sentiment as well, as income, spending, Chicago PMI and U. Read more

XE Market Analysis: North America - Apr 30, 2021

By: XE Market Analysis

The DXY dollar index lifted above its Thursday high while EUR-USD concurrently ebbed under 1.2100 from yesterday's two-month high at 1.2150. The 10-year U.S. T-note yield, which remains a fixation for forex markets, continued to orbit around 1.650% -- remaining up by over 10 bp on the lows that were seen last week. Read more

XE Market Analysis: Europe - Apr 30, 2021

By: XE Market Analysis

The dollar is trading with some buoyancy after basing at new trend lows yesterday. The narrow trade-weighted DXY USD index lifted back above 90.70 after printing a two-month low yesterday at 90.42. EUR-USD concurrently ebbed back to near the 1.2100 level from its two-month high at 1.2150, and USD-JPY settled slightly off yesterday's 17-day high at 109.22. Read more

XE Market Analysis: Asia - Apr 29, 2021

By: XE Market Analysis

The DXY printed two-month lows of 90.42 overnight, though perked up to 90.78 highs at mid-morning in N.Y.. A better than consensus Q2 U.S. GDP print helped Dollar sentiment, while Jobless claims were about in-line with expectations. Wall Street was mostly higher, though A Reuters' report that Labor Secretary Walsh says most gig workers should be classified as employees weighed no the NASDAQ as it hit the likes of Uber, Lyft, and DoorDash. Read more

XE Market Analysis: North America - Apr 29, 2021

By: XE Market Analysis

The dollar extended its post-Fed announcement decline before rebounding some. The DXY dollar index posted a two-month low at 90.42 before recouping to around 90.70, while EUR-USD pegged a two-month high at 1.2150 before ebbing back towards 1.2100. The lack of even a hint of a possible tapering by the Fed yesterday saw the 10-year T-note yield press back under 1.62% at the lows earlier, though the yield subsequently lifted back to 1.66% with markets anticipating a solid 5.8% y/y print on today's U.S. Read more

XE Market Analysis: Europe - Apr 29, 2021

By: XE Market Analysis

The dollar resumed its now four-week down trend, earlier posting a two-month low at 90.42 by the measure of the DXY index. Speculation that the Fed might have at least hinted at a tapering, which hadn't been our view, was thwarted, and longer-dated Treasury yields and the dollar duly took a turn lower. Read more

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