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XE Market Analysis: North America - Oct 20, 2020

By: XE Market Analysis

The euro has rallied against peer currencies. The common currency was showing, as of the late London morning, a near 0.5% gain on the dollar, and slightly more than this in the case against the yen, alongside gains of 0.7% and 0.9% versus the Australian and New Zealand dollars. Read more

XE Market Analysis: Europe - Oct 20, 2020

By: XE Market Analysis

The Australian dollar continued to weaken, this time with RBA Assistant Governor Kent saying that the board is considering another easing, which backed up the Governor Lowe's recent messaging, that a rate cut and other monetary easing measures are in the works. Read more

XE Market Analysis: Asia - Oct 19, 2020

By: XE Market Analysis

The Dollar softened during the London morning session on Monday, though was generally steady through the N.Y. session, albeit at lower levels. The DXY fell from European highs of 93.76, later basing at 93.22 into the open. The risk-on conditions seen overnight weighed on the safe-haven USD, with only modest upticks seen after Wall Street gave back early gains. Read more

XE Market Analysis: North America - Oct 19, 2020

By: XE Market Analysis

The dollar and yen softened against other currencies as risk-on positioning ensued. Pfizer said it could have a vaccine ready by year-end, and with House Speaker Pelosi saying on Sunday that she was confident that a comprehensive U.S. aid package could be legislated for by the November-3 elections. Read more

XE Market Analysis: Europe - Oct 19, 2020

By: XE Market Analysis

The dollar has traded softer, overall, losing ground the pound and Aussie and Kiwi dollars, though gaining slightly on the euro, which has opened the week with a modest weakening bias as surging new Covid cases push many European countries to more draconian restrictions. Read more

XE Market Analysis: Asia - Oct 16, 2020

By: XE Market Analysis

The Dollar was under modest pressure early in the N.Y. session on Friday, which saw the DXY slip from London highs of 93.88, to a low of 93.54 after the open. Risk-on was in vogue again, which weighed on the USD, though sharply higher U.S. retail sales saw a modest reversal higher from there. Read more

XE Market Analysis: North America - Oct 16, 2020

By: XE Market Analysis

The dollar and yen continued to hold firm, although both softened as European stock markets and U.S. equity index futures rose moderately. There remains a tremulous vibe in global markets in the face of a plethora of risks -- billowing new Covid cases, especially in Europe, and associated trend toward increasingly stringent countermeasures, an increasingly bleak near-tern outlook for a much-needed fiscal stimulus package in the U.S., the risk of the upcoming U.S. Read more

XE Market Analysis: Europe - Oct 16, 2020

By: XE Market Analysis

More of the same with the dollar and yen holding firm and with the pound and the Australian dollar remaining notable weakening currencies. Global stock markets are tremulous in the face of a plethora of risks -- billowing new Covid cases, especially in Europe, and associated trend toward increasingly stringent countermeasures, an increasingly bleak near-tern outlook for a much-needed fiscal stimulus package in the U.S., the risk of the upcoming U.S. Read more

XE Market Analysis: Asia - Oct 15, 2020

By: XE Market Analysis

The Dollar firmed up overnight and retained a bid tone Through the N.Y. session on Thursday. Risk-off conditions prevailed, resulting in safe-haven USD buying. Surging Covid cases in many parts of the globe, along with fading hopes for new stimulus and uncertainty over the U.S. Read more

XE Market Analysis: North America - Oct 15, 2020

By: XE Market Analysis

The dollar and yen have been in demand again as safe haven currencies, while the Australian, along with the the pound and euro, to lessening degrees of magnitude, have been the principal weakening currencies so far today. European stock markets are down heavily, the STOXX 600 index by over 2%, and the S&P E-mini is off by nearly 1%. Read more

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