Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News

AD

XE Market Analysis: North America - May 13, 2020

By: XE Market Analysis

The dollar has remained heavy, although having lifted out of its lows yesterday. Amid concerns about a second wave of coronavirus infections as economies reopen, and with disinflationary pressures taking a grip, and U.S. money markets going some way to pricing in negative interest rates, the pressure is mounting on the Fed, which has been weighing on the dollar. Read more

XE Market Analysis: Europe - May 13, 2020

By: XE Market Analysis

The dollar has remained heavy, although having lifted out of its lows yesterday. Amid concerns about a second wave of coronavirus infections as economies reopen, and with disinflationary pressures taking a grip, and U.S. money markets pricing in the negative interest rates, the pressure is mounting on the Fed, which has been weighing on the dollar. Read more

XE Market Analysis: Asia - May 12, 2020

By: XE Market Analysis

The Dollar stumbled a bit early in the session on Tuesday, though later perked up some. For the most part, narrow trading ranges prevailed, as the FX market remains in consolidation mode, likely to continue until we get a better sense of how the unlocking of economies turns out. Read more

XE Market Analysis: North America - May 12, 2020

By: XE Market Analysis

The dollar retreated after posting an 18-day high at 100.44, as measured by the narrow trade-weighted DXY index. EUR-USD concurrently rebounded to a high of 1.0837 after posting a five-day low at 1.0784. The dollar's biggest decline was seen against the commodity currencies, which rebounded during the London morning after underperforming during the Asia-Pacific session, correlating inversely with stock markets, with European stock markets rallying after a mostly negative day across Asia-Pacific bourses. Read more

XE Market Analysis: Europe - May 12, 2020

By: XE Market Analysis

A decline in commodity prices has been the main theme so far today, which has been concomitant with a rotation lower in global stock markets. AUD-USD dropped by about 0.5% in printing a five-day low at 0.6432. The Kiwi dollar has seen a similar price action, as has the Canadian dollar and other commodity correlators. Read more

XE Market Analysis: Asia - May 11, 2020

By: XE Market Analysis

The Dollar was firmer to start the week, taking the DXY from early lows of 99.93 to a high of 100.28. Trading ranges were relatively narrow. There was no data released on Monday. Wall Street started out under water, though improved some later in the session, as tech stocks outperformed. Read more

XE Market Analysis: North America - May 11, 2020

By: XE Market Analysis

The dollar picked up safe haven demand as equity markets turned lower during the European morning after most markets in Asia-Pacific rose, while commodity currencies more than gave back intraday gains. The narrow trade-weighted USD index posted a four-day high at 100.09. Read more

XE Market Analysis: Europe - May 11, 2020

By: XE Market Analysis

The yen has continued to weaken and commodity currencies strengthen amid a backdrop of mostly buoyant stock markets in Asia-Pacific, though risk-on sentiment has been flagging during the PM session in the region. Countries from Japan and New Zealand, to France and the UK, are loosening lockdown rules, though South Korea warned of a second wave of infections, cases in the U.S. Read more

XE Market Analysis: Asia - May 08, 2020

By: XE Market Analysis

After ticking slightly higher following the horrific, but slightly better than expected April employment report, the Dollar pulled back on position squaring driven trade into the weekend. April non-farm payrolls fell 20.5 mln, leaving the unemployment rate at 14.7%. Read more

XE Market Analysis: Europe - May 08, 2020

By: XE Market Analysis

The dollar and yen have weakened, mostly against the commodity and other currencies with higher beta characteristics. This has come amid rallying stock markets, which are pricing-in a reopening of major economies from virus-containing lockdowns, overlooking dismal data (such as a 6% plunge in Japanese household spending, in data released today, and an expected 16% plunge in U.S. Read more

Pages

Paste link in email or IM