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XE Market Analysis: Asia - Jan 14, 2021

By: XE Market Analysis

The Dollar attempted to rally early in the N.Y. session on Thursday, taking the DXY to two-session highs of 90.58, up from overnight lows of 90.24. From there, a round of profit taking set in, seeing the USD reverse lower against major currencies. There was little initial reaction to the much worse than expected jobless claims figures, though the data later could have been a driver of Dollar weakness. Read more

XE Market Analysis: Europe - Jan 14, 2021

By: XE Market Analysis

Modest weakness in the euro and yen, along with a smidgen of firmness in the Canadian dollar, were pretty much the only directional themes among the main currencies in trading through to the early London interbank session. EUR-USD edged out a two-day low at 1.2136, which is 4 pips shy of the 24-day low that was seen earlier in the week. Read more

XE Market Analysis: Asia - Jan 13, 2021

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Wednesday, keeping the DXY inside of a 90.20 to 90.45 trading band. Incoming data saw December CPI on the cooler side of expectations, though there was little market reaction. Wall Street struggled, though into the close, the major indices were all in modestly green territory. Read more

XE Market Analysis: North America - Jan 13, 2021

By: XE Market Analysis

The dollar lifted out of lows, aided by gains against the euro after ECB's Villeroy fired a rhetorical volley across the bows of euro bulls, reminding the forex market that he and his colleagues "are monitoring with particular attention the negative effects of the euro exchange rate." Market participants, meanwhile, overlooked a much stronger than expected Eurozone industrial production data. Read more

XE Market Analysis: Europe - Jan 13, 2021

By: XE Market Analysis

The dollar has declined for a second day, further giving back the rebound gains that were seen in the wake of the Georgia runoff elections in the U.S., and despite tomorrow's detailing by president-elect Biden of the Democrat party's economic stimulus plan. Read more

XE Market Analysis: Asia - Jan 12, 2021

By: XE Market Analysis

The Dollar was range bound in N.Y. on Tuesday, though ultimately ended modestly lower overall. The DXY touched 90.54 highs early in the session, later easing under 90.30 in relatively quiet trade, after being unable to breach Monday's three-week high of 90.72. Read more

XE Market Analysis: North America - Jan 12, 2021

By: XE Market Analysis

The dollar has taken a step back, correcting some of the gains that have been seen since it become clear that the Democrats in the U.S. were going to control the Senate, in addition to the Presidency and House. Some narratives attributed this in part to reportedly large demand for China's yuan, linked to the proximity of the one-week Lunar New Year holiday, even though this is a month away (on February 11th). Read more

XE Market Analysis: Europe - Jan 12, 2021

By: XE Market Analysis

The dollar fell back, correcting some of the gains that have been seen since it become clear that the Democrats in the U.S. were going to control the Senate, in addition to the Presidency and House. Some narratives attributed this in part to reportedly large demand for China's yuan, linked to the proximity of the one-week Lunar New Year holiday, even though this is a month away (on February 11th). Read more

XE Market Analysis: Asia - Jan 11, 2021

By: XE Market Analysis

The Dollar rallied to three-week highs in early N.Y. trade, taking the DXY to 90.72, up from overnight lows of 90.03. The Greenback later pared gains, as Wall Street posted losses, albeit from record closing highs on Friday. USD price action has shifted since the middle of last week, as higher interest rates, and prospects for more stimulus have raised hopes for a much faster economic recovery, once vaccines become widespread. Read more

XE Market Analysis: North America - Jan 11, 2021

By: XE Market Analysis

The dollar has put in more rebound distance from the major-trend lows seen against the euro, yen, dollar bloc, and many other currencies a week ago. The U.S. currency has rallied on each trading day since the Georgia runoff elections, when it became clear that the Democrats would control the Senate. Read more

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