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XE Market Analysis: Europe - Jan 04, 2021

By: XE Market Analysis

The dollar has started the new year with a declining bias, which is of course where it left off last year. This comes against the backdrop of a coursing "everything rally", with the MSCI Asia-Pacific equity indexand S&P 500 futures hitting record highs. Read more

XE Market Analysis: Asia - Dec 31, 2020

By: XE Market Analysis

N.Y. FX trade was very quiet on the last day of the year, though the Dollar managed modest gains through the morning session. The DXY has made new trend lows of 89.52 in overnight Asian trade, though managed to rebound to 89.94 highs into the London close. Read more

XE Market Analysis: North America - Dec 31, 2020

By: XE Market Analysis

The DXY dollar index has posted another major-trend low, at 89.52, a level last traded in April 2018. The dollar has continued to correlate inversely with global stock market direction, with weakness today being concomitant with the MSCI Asia Pacific rising to a new record high in holiday-thinned conditions. Read more

XE Market Analysis: Asia - Dec 30, 2020

By: XE Market Analysis

The Dollar was lower in N.Y. on Wednesday, seeing the DXY hit new 33-month lows of 89.56 early in the session, down from 90.02 after the close on Tuesday. The greenback later recovered modestly in light afternoon trade. Prospects for further fiscal stimulus weighed on the USD, while softer incoming data didn't help either. Read more

XE Market Analysis: North America - Dec 30, 2020

By: XE Market Analysis

The DXY dollar index posted a new 32-month low at 89.68, while EUR-USD concurrently printed a 32-month high at 1.2295. USD-JPY saw a nine-day low, at 103.12. The pair's near-10-month low, seen on December 17th, is at 102.88. The Australian and New Zealand dollars posted respective 30- and 32-month highs against their U.S. Read more

XE Market Analysis: Asia - Dec 29, 2020

By: XE Market Analysis

The Dollar was lower in N.Y. on Tuesday, weighed down by the signing of the stimulus bill, and prospects for direct payments to individuals to rise to $2,000 from $600. The U.S. House voted to increase the amount of payments, while the Senate is expected to vote on the measure at some point on Tuesday or Wednesday. Read more

XE Market Analysis: Asia - Dec 28, 2020

By: XE Market Analysis

FX trade was thin in N.Y. on Monday, as London and parts of the continent remained on Christmas break. Price action was choppy, though the USD overall ended mostly higher. The only data release was the December Dallas Fed index, which was lower than expected, but ultimately had little market impact. Read more

XE Market Analysis: Asia - Dec 23, 2020

By: XE Market Analysis

The Dollar fell through the morning session in N.Y. on Wednesday, which saw the DXY fall from 90.58 highs early in the session to 90.16 after the last of the heavy data slate was released. Friday's U.S. reports were disappointing overall, and the mix of weaker income, consumption and home sales weighed on the USD. Read more

XE Market Analysis: North America - Dec 23, 2020

By: XE Market Analysis

The euro has been heavy, edging out a five-day low against the pound, and a two-day low versus the yen while nearing yesterday's low in the case against the dollar. The common currency has been a popular long against the dollar in recent weeks, and prevailing weakness may be reflecting some late hedging of positions ahead of the Christmas and New Year holiday period. Read more

XE Market Analysis: Europe - Dec 23, 2020

By: XE Market Analysis

The euro has been heavy, edging out a five-day low against the pound, and a two-day low versus the yen while nearing yesterday's low in the case against the dollar. The common currency has been a popular long against the dollar in recent weeks, and prevailing weakness may be reflecting some late hedging of positions ahead of the Christmas and New Year holiday period. Read more

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