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XE Market Analysis: North America - Nov 17, 2020

By: XE Market Analysis

The dollar and commodity currencies are softer against the yen and European currencies today. The dollar didn't show its usual inverse correlation with stock markets, which came off the boil today after rallying yesterday, driving the MSCI All World index to a record high. Read more

XE Market Analysis: Europe - Nov 17, 2020

By: XE Market Analysis

Currencies have been seeing narrow ranges so far today after yesterday's fresh bout of risk-on positioning. The Australian and New Zealand dollars still edged out respective eight-day and eight-month highs, but there wasn't much appetite for follow-through and both currencies ebbed back. Read more

XE Market Analysis: Asia - Nov 16, 2020

By: XE Market Analysis

The Dollar firmed up some in London morning trade, seeing the DXY head from one-week lows of 92.47 to 92.84 in early N.Y. Risk-on conditions through the N.Y. session later weighed some on the greenback, as Wall Street jumped to record highs on the Moderna Covid vaccine news. Read more

XE Market Analysis: North America - Nov 16, 2020

By: XE Market Analysis

The dollar has softened, and cyclical currencies have firmed as the MSCI Asia-Pacific equity index rallied over 1% to its highest level since its inception in 1987. Japan's Nikkei 225, which has been an investor favourite in the 'great rotation' into cyclical stocks, resumed its outperformance, rallying over 2% to a new best since 1991. Read more

XE Market Analysis: Europe - Nov 16, 2020

By: XE Market Analysis

The dollar has softened, and cyclical currencies have firmed as the MSCI Asia-Pacific equity index rallied over 1% to its highest level since its inception in 1987. Japan's Nikkei, which has been an investor favourite in the 'great rotation' into cyclical stocks, resumed its outperformance, rallying over 2% to a new best since 1991. Read more

XE Market Analysis: Asia - Nov 13, 2020

By: XE Market Analysis

The Dollar was modestly lower in N.Y. trade on Friday, resulting in the DXY falling from lows of 92.91 to 92.75 in early afternoon. Major Dollar pairings were largely held to narrow trading bands, but risk-on conditions weighed fairly broadly on the safe-haven Greenback. Read more

XE Market Analysis: North America - Nov 13, 2020

By: XE Market Analysis

A risk-back-on theme emerged during the London morning, which imparted a concurrent dollar and yen softening theme in currency markets while seeing commodity currencies lift out of lows. The main European stock indices has racked up gains of over 0.5%, as of the late London morning, and S&P 500 E-mini futures were up by nearly 1%, almost reversing the closing decline the cash version of the index saw on Wall Street yesterday. Read more

XE Market Analysis: Europe - Nov 13, 2020

By: XE Market Analysis

Narrow ranges have been ensuing, with a theme of yen firmness amid a backdrop of softening stock markets. Market narratives are loaded with the 'fading Covod-19 vaccine rally' phraseology due the rollout logistics and time frame. The IEA said that a Covid vaccine won't likely boost the oil market until late 2021, for instance. Read more

XE Market Analysis: Asia - Nov 12, 2020

By: XE Market Analysis

The Dollar was choppy but rangebound through the N.Y. session, seeing the DXY range between 93.03 and 92.85. Incoming data was mixed with October CPI coming cooler than expected, and initial and continuing claims dropping more than consensus. Neither had much impact on the USD, ass it largely meandered. Read more

XE Market Analysis: North America - Nov 12, 2020

By: XE Market Analysis

A partial reversal in recent positioning themes has been seen, with the dollar bloc and pound softening against the dollar, and the yen outperforming. This dynamic has been concomitant with global stock markets flagging, though Japan's Nikkei 225 gets a special mention for bucking the trend in rallying to a fresh 29-year high. Read more

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