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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

XE Market Analysis: Europe - Nov 12, 2020

By: XE Market Analysis

Some reversal in recent positioning themes has been seen, with the dollar bloc and pound softening against the dollar, and the yen outperforming moderately. This dynamic has been concomitant with global stock markets, outside the case of Japan, flagging. Read more

XE Market Analysis: North America - Nov 11, 2020

By: XE Market Analysis

The dollar has firmed against the euro and other European currencies outside the case versus the pound, which posted two-months against both the dollar and yen, while holding steady-to-lower against the dollar bloc. The risk-on mood has continued. Europe's Stoxx 600 equity index rallied to its best levels in eight months, and S&P 500 E-mini futures were showing a gain of nearly 0.8% as of the early afternoon in London. Read more

XE Market Analysis: Europe - Nov 11, 2020

By: XE Market Analysis

The New Zealand dollar has rallied strongly with markets pricing out expectations for the RBNZ to implement negative interest rates after the central bank stated at its policy review today that around 100bp less stimulus is seen as necessary. Governor Orr said that the domestic economy has been more resilient than previously assumed. Read more

XE Market Analysis: Asia - Nov 10, 2020

By: XE Market Analysis

The Dollar remained relatively firm in N.Y. trade on Tuesday, managing a four-session high. The DXY traded to 92.97 highs on an intraday basis, just above Monday's peak. There was little in the way of news or data to drive the FX market, though Monday's good news on the vaccine front, and prospects for a quicker U.S. Read more

XE Market Analysis: North America - Nov 10, 2020

By: XE Market Analysis

A rally in the pound punctuated an otherwise directionally uninteresting session during the London morning, with the forex market largely in consolidate mood after yesterday's outsized rally in dollar bloc and other commodity-correlating currencies against the yen. Read more

XE Market Analysis: Europe - Nov 10, 2020

By: XE Market Analysis

The main currencies have settled in comparatively narrow ranges after yesterday's outsized rally in dollar bloc and other commodity-correlating currencies against the yen. The dollar has also settled after rising by over 2% versus the yen and, by to a much more moderate extent, against the euro and other European currencies, which collectively found themselves in the underperforming lane due to the relatively tight Covid restrictions across the region. Read more

XE Market Analysis: Asia - Nov 09, 2020

By: XE Market Analysis

After hitting a better than two-month low overnight, the Dollar turned higher in N.Y. trade on news that Pfizer and BioNTech Covid vaccine appears to be very effective. This saw equity markets soar, and U.S. Treasury yields headed higher. The greenback initially fell on safe-haven outflows as sa result of the sharp risk-on conditions, though later turned higher, as prospects for a solid U.S. Read more

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