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XE Market Analysis: North America - Jul 16, 2020

By: XE Market Analysis

The dollar rallied to a two-day high in narrow trade-weighted terms, with the DXY index pegging a high at 96.32, extending the rebound from yesterday's five-week low at 95.78. The rotation higher in the U.S. currency has been driven by a bout of risk aversion in global stock markets, which raised safe-haven demand for dollars. Read more

XE Market Analysis: Europe - Jul 16, 2020

By: XE Market Analysis

The dollar has recovered most of yesterday's losses. The narrow trade-weighted index lifted to a peak of 96.17, up from Wednesday's five-week low at 95.78. The rotation higher in the U.S. currency was driven by a bout of risk aversion in global stock markets, which raised safe-haven demand for dollars. Read more

XE Market Analysis: Asia - Jul 15, 2020

By: XE Market Analysis

The Dollar was under some pressure early in the session on Wednesday, taking the DXY to one-month lows of 95.78. The USD's weakness was again attributed to the risk-on backdrop, which saw stocks and yields head higher, prompting the unwinding of safe-haven long USD positions. Read more

XE Market Analysis: North America - Jul 15, 2020

By: XE Market Analysis

The dollar has remained on a softening track against most other currencies, while the euro has remained broadly underpinned amid expectations for EU leaders to green-light the proposed EUR 750 bln recovery fund this week. The pound managed to rebound after underperforming over the prior two days. Read more

XE Market Analysis: Europe - Jul 15, 2020

By: XE Market Analysis

The dollar and yen have remained on a softening track against most other currencies, while the euro has remained broadly underpinned amid expectations for EU leaders to green-light the proposed EUR 750 bln recovery fund this week. The pound managed to rebound after underperforming over the prior two days. Read more

XE Market Analysis: Asia - Jul 14, 2020

By: XE Market Analysis

The Dollar was slightly lower overall on Tuesday in N.Y., though trading ranges were generally narrow. A warmer than expected June CPI print had little impact on markets. Wall Street was choppy, though ultimately found a footing in positive territory on some better than expected earnings from JP Morgan and Citigroup, while Treasury yields were slightly lower. Read more

XE Market Analysis: North America - Jul 14, 2020

By: XE Market Analysis

The dollar firmed moderately and then weakened moderately, while the pound underperformed and the euro outperformed. Asian and European stock markets declined, following Wall Street's negative close yesterday, while U.S. index futures lifted. S&P 500 futures were off the highs but showing a 0.3% gain as of the early afternoon in Europe. Read more

XE Market Analysis: Europe - Jul 14, 2020

By: XE Market Analysis

The dollar is firmer relative to levels prevailing at the London close yesterday. Wall Street closed lower, and while U.S. equity index futures have rebounded some today, Asian markets have declined, although Chinese and other markets pared losses following data showing unexpected strength in China's June import and export data (which rose by 2.7% y/y and 0.5% y/y, respectively, versus median forecasts for -10.0% and -1.5%). Read more

XE Market Analysis: Asia - Jul 13, 2020

By: XE Market Analysis

The Dollar was mixed in N.Y. trade on Monday, falling versus Euro and Pound, while posting gains against the CAD and Yen. FX Trade was relatively quiet overall, and largely driven by the risk-on backdrop, following more good news on the COVID vaccine front, that Pfizer and BioNTech received fast track status from the FDA for development of two COVID vaccines. Read more

XE Market Analysis: North America - Jul 13, 2020

By: XE Market Analysis

The dollar and yen had traded softer amid risk-on positioning in global markets. The narrow trade-weighted USD index fell below Friday's low at 96.44 on route to 96.39. Last Thursday's one-month low is at 96.24. EUR-USD lifted to a four-day peak at 1.1336, and Cable also rose above its Friday peak in posting a high at 1.2666 before settlign lower. Read more

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