Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
The dollar has picked up safe haven demand as stock markets flagged in the Asia-Pacific region, and with S&P 500 futures correcting most of the gains seen during Wednesday's regular session on Wall Street. The narrow trade-weighted USD index rebounded to a high at 99.43, up from the 17-day low seen yesterday at 99.01. Read more
The DXY fell to near three-week lows of 99.01 on morning trade on Wednesday, later recovering some lost ground, and retracing to near 99.25. Wall Street rallied, and Treasury yields inched higher, as hopes for economic recovery set in. There were no data of noted. Read more
The dollar majors have been seeing narrow ranges while commodity currencies have lifted. Stock markets flagged somewhat in Asia and Europe, though S&P 500 futures have rallied by over 1%, pointing to a reversal of yesterday's losses at the open of Wall Street today. Read more
Directionally challenged have been the major dollar pairings and associated cross rates so far today, which has come against a backdrop of flagging stock markets, although S&P 500 futures have managed a 0.5% gain in overnight trading after the cash version of the index close on Wall Street yesterday with a 1.05% loss. Read more
The Dollar was fairly steady overall on Tuesday in N.Y., after losing ground Monday, and through much of the overnight session. Hopes for reopening global economies following positive Vaccine news on Monday removed some safe-haven urgency for buying the USD. Read more
The dollar has remained soft even though the strong stock market seen over the last day flagged during the European morning session. The euro, meanwhile, rallied against most currencies on rare good-news from the data front, with the forward-looking German ZEW investor confidence for May surging back to a 51.0 headline reading -- the highest since April 2015 -- after the 28.2 outcome in April and the -49.5 low that was seen in March. Read more
The dollar has remained soft amid a backdrop of rallying global stock markets, which are being buoyed by reopening economies, positive news on the development of a vaccine for the SARS Cov-2 coronavirus, and fresh pledges for further stimulus if necessary from the Fed, ECB and other central banks, factors which are managing to outweigh concerns about the ratcheting-up tensions between the U.S. Read more
The Dollar was broadly lower on Monday, seeing safe-haven USD flows reverse on the back of a strong bout of risk-on. Stocks and yields headed higher following reports that pharma company Moderna's coronavirus vaccine shows positive signs of working. There was little in the way of incoming data, and the FX market largely focused on the improved risk backdrop. Read more
The commodity currencies have traded firmer, concomitantly with a rise in stock markets, which posted moderate gains in Asia-Pacific markets and more robust gains in Europe, while S&P 500 futures have rallied by over 1.5%. This came after Fed Chairman Powell warned that the Fed is not out of ammunition, and could do more, while warning that he wouldn't bet against the U.S. Read more
The commodity currencies have traded firmer, concomitantly with a rise stock markets, which have posted moderate gains in Asia-Pacific markets, while S&P 500 futures have rallied by over 1%. This came after Fed Chairman Powell warned that the Fed is not out of ammunition, and could do more, while warning that he wouldn't bet against the U.S. Read more
