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XE Market Analysis: Asia - Jun 15, 2021

By: XE Market Analysis

The Dollar was mostly higher through the London morning session, peaking just after the hotter U.S. PPI outcome. The DXY topped at a one-month high of 90.68, up from intra day lows of 90.35. Aside from PPI, data was mixed, with retail sales missing the mark, though upwardly revised previous months data took the sting out. Read more

XE Market Analysis: North America - Jun 15, 2021

By: XE Market Analysis

The dollar has been trading steady-to-softer in the latest phase, putting a little distance in from the rebound highs that were seen on Friday or yesterday versus the other G10+ currencies. The 10-year U.S. Treasury yield, a big focus for currency markets currently, has tipped back under 1.490% after scaling above 1.50% yesterday, which had marked about a one-third retrace of last week's sharp yield decline. Read more

XE Market Analysis: Europe - Jun 15, 2021

By: XE Market Analysis

The dollar has been trading steady-to-softer in the latest phase, putting a little distance in from the rebound highs that were seen on Friday or yesterday versus the other G10+ currencies. The 10-year U.S. Treasury yield, which remains a big focus for currency markets currently, has tipped back under 1.490% after scaling above 1.50% yesterday, which had marked about a one-third retrace of last week's sharp yield decline. Read more

XE Market Analysis: Asia - Jun 14, 2021

By: XE Market Analysis

The Dollar was mixed in N.Y., though remained inside of relatively narrow trading ranges. The DXY topped at 90.53 early in the session, later hitting at low of 90.41 before steadying near 90.45. There was no data to drive markets on Monday. Focus has shifted to Wednesday's FOMC meeting and press conference, where risks are for a less dovish, more hawkish spin: yields cheapened on Monday as the FOMC comes into focus. Read more

XE Market Analysis: North America - Jun 14, 2021

By: XE Market Analysis

The dollar has remained firm versus most other currencies, trading in a typically narrow early-week range within a whisker of one-month highs by the measure of the DXY narrow trade-weighted index. This has been concurrent with the 10-year U.S. Treasury yield trading a few basis points above last week's three-month lows under 1.430%. Read more

XE Market Analysis: Europe - Jun 14, 2021

By: XE Market Analysis

The dollar has remained firmer versus most other currencies, trading in a typically narrow early-week range within a whisker of one-month highs by the measure of the DXY narrow trade-weighted index. This has been concurrently with the 10-year U.S. Treasury yield trading a few basis points above last week's three-month lows under 1.430%. Read more

XE Market Analysis: Asia - Jun 11, 2021

By: XE Market Analysis

The Dollar moved broadly higher in N.Y. on Friday, taking the DXY to highs of the week at 90.61. The index opened near 90.30, and had bottomed at 89.96. Treasury yields formed up some into the weekend, with position squaring following a week of significant yields drops driving the bond market. Read more

XE Market Analysis: North America - Jun 11, 2021

By: XE Market Analysis

The dollar lifted out of lows after yesterday tracking the sharp drop in longer-dated Treasury yields. The DXY dollar index recouped a large part of yesterday's decline in posting an intraday high at 90.22, having earlier printed a two-day low at 89.96. Read more

XE Market Analysis: Europe - Jun 11, 2021

By: XE Market Analysis

The dollar has traded softer so far today, tracking an extended decline in longer-dated U.S. Treasury yields, which has seen the 10-year T-note yield hit a fresh three-month lows under 1.440%, which is nearly 10 bp down on yesterday's peak. The magnitude of the greenback's declines has been limited, though enough to see two-day lows versus the euro and pound, and a four-day low in the case of the Australian dollar. Read more

XE Market Analysis: Asia - Jun 10, 2021

By: XE Market Analysis

The Dollar was choppy in N.Y. on Thursday, though ultimately ended the session slightly lower overall. Treasury yields initially popped on the back of the hotter U.S. PPI and better jobless claims data, which helped the USD at first, though yields later eased back toward Wednesday's lows, as markets continue to believe the Fed that inflation is transitory. Read more

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