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XE Market Analysis: North America - Apr 30, 2021

By: XE Market Analysis

The DXY dollar index lifted above its Thursday high while EUR-USD concurrently ebbed under 1.2100 from yesterday's two-month high at 1.2150. The 10-year U.S. T-note yield, which remains a fixation for forex markets, continued to orbit around 1.650% -- remaining up by over 10 bp on the lows that were seen last week. Read more

XE Market Analysis: Europe - Apr 30, 2021

By: XE Market Analysis

The dollar is trading with some buoyancy after basing at new trend lows yesterday. The narrow trade-weighted DXY USD index lifted back above 90.70 after printing a two-month low yesterday at 90.42. EUR-USD concurrently ebbed back to near the 1.2100 level from its two-month high at 1.2150, and USD-JPY settled slightly off yesterday's 17-day high at 109.22. Read more

XE Market Analysis: Asia - Apr 29, 2021

By: XE Market Analysis

The DXY printed two-month lows of 90.42 overnight, though perked up to 90.78 highs at mid-morning in N.Y.. A better than consensus Q2 U.S. GDP print helped Dollar sentiment, while Jobless claims were about in-line with expectations. Wall Street was mostly higher, though A Reuters' report that Labor Secretary Walsh says most gig workers should be classified as employees weighed no the NASDAQ as it hit the likes of Uber, Lyft, and DoorDash. Read more

XE Market Analysis: North America - Apr 29, 2021

By: XE Market Analysis

The dollar extended its post-Fed announcement decline before rebounding some. The DXY dollar index posted a two-month low at 90.42 before recouping to around 90.70, while EUR-USD pegged a two-month high at 1.2150 before ebbing back towards 1.2100. The lack of even a hint of a possible tapering by the Fed yesterday saw the 10-year T-note yield press back under 1.62% at the lows earlier, though the yield subsequently lifted back to 1.66% with markets anticipating a solid 5.8% y/y print on today's U.S. Read more

XE Market Analysis: Europe - Apr 29, 2021

By: XE Market Analysis

The dollar resumed its now four-week down trend, earlier posting a two-month low at 90.42 by the measure of the DXY index. Speculation that the Fed might have at least hinted at a tapering, which hadn't been our view, was thwarted, and longer-dated Treasury yields and the dollar duly took a turn lower. Read more

XE Market Analysis: Asia - Apr 28, 2021

By: XE Market Analysis

The Dollar eased some in NY. on Wednesday, though trade was on the light side ahead of the 14:00 ET FOMC announcement. The DXY slipped to near recent lows, bottoming at 90.80 from early highs of 91.08. Wall Street was mixed ahead of the Fed, while yields firmed up marginally. Read more

XE Market Analysis: North America - Apr 28, 2021

By: XE Market Analysis

The dollar has posted two consecutive days of higher highs for the first time since late March by the measure of the narrow trade-weighted DXY index. The greenback printed its loftiest level on the week so far at 91.13, extending the modest rebound from Monday's eight-week low at 90.68. Read more

XE Market Analysis: Europe - Apr 28, 2021

By: XE Market Analysis

Finally the dollar has found its feet, with the narrow trade-weighted DXY index posting two consecutive day of higher highs for the first time since late March. The index printed its loftiest level on the week so far at 91.13, extending the modest rebound from Monday's eight-week low at 90.68. Read more

XE Market Analysis: Asia - Apr 27, 2021

By: XE Market Analysis

The Dollar was relatively steady through the N.Y. session on Tuesday, largely maintaining recent trading ranges. Traders appeared to be partially sidelined ahead of Wednesday's FOMC announcement, though reaction to what will in all probability be a non-event, should be muted. Read more

XE Market Analysis: North America - Apr 27, 2021

By: XE Market Analysis

The dollar has lifted out of an eight-week low at 90.68 by the measure of the DXY index, rising back above 91.0. EUR-USD concurrently ebbed below yesterday's low in making a nadir at 1.2057, which was seen after the pair capped out at 1.2117, and Cable posted a low at 1.3870, some 60 pips down on yesterday's peak. Read more

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