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XE Market Analysis: North America - Jul 07, 2020

By: XE Market Analysis

The dollar has settled higher after drifting lower yesterday. This came with global stock market, ex-China, having corrected after rallying yesterday. The MSCI Asia-Pacific stock index ebbed back from yesterday's four-and-a-half-month peak, which was the culmination of a 7% rally over a five-day period. Read more

XE Market Analysis: Europe - Jul 07, 2020

By: XE Market Analysis

The dollar has settled moderately higher after drifting lower yesterday. This came with stock markets in Asia, ex-China, along with U.S. equity futures, having corrected a portion of yesterday's rally. The MSCI Asia-Pacific stock index corrected from yesterday's four-and-a-half-month peak, which was the culmination of a 7% rally over a five-day period. Read more

XE Market Analysis: Asia - Jul 06, 2020

By: XE Market Analysis

The DXY fell to nearly two-week lows of 96.57 in early N.Y. trade on Monday, down from 97.19 highs seen in early Asia. Global risk-on conditions, driven by Chinese state media's more positive view on a domestic recovery, further underpinned sentiment following the robust U.S. Read more

XE Market Analysis: North America - Jul 06, 2020

By: XE Market Analysis

Risk-on positioning has been ensuing so far today, which in forex markets has meant underperformance in the dollar and yen and outperformance in the Australian dollar. A 5%-plus surge in the main blue chip stock indices in China, which propelled the Shanghai Composite index to a five-year high, led a broader rise in other asset markets. Read more

XE Market Analysis: Europe - Jul 06, 2020

By: XE Market Analysis

Currencies have been trading in a risk-on formation, which has meant underperformance in the dollar and yen and outperformance in the Australian dollar. A 5% surge in the main blue chip stock indices in China, which propelled the Shanghai Composite index to a five-year high, led a broader rise in other asset markets. Read more

XE Market Analysis: North America - Jul 03, 2020

By: XE Market Analysis

The main dollar pairings and crosses have mostly been holding within their respective Thursday ranges. The dollar itself consolidated its post-payrolls gains, while stock markets in Asia-Pacific rallied, though European equities retreated, having yesterday reacted to the U.S. Read more

XE Market Analysis: Europe - Jul 03, 2020

By: XE Market Analysis

Little change on the forex front, with the main dollar pairings and crosses holding within their respective Thursday ranges. The dollar itself consolidated its post-payrolls gains, while stock markets in Asia-Pacific extended the rally in global asset markets following the affirmation of a solid employment rebound in the U.S. Read more

XE Market Analysis: Asia - Jul 02, 2020

By: XE Market Analysis

The Dollar was choppy in N.Y. on Thursday, though ultimately ended up slightly on the session overall. It was a busy U.S. data day, headlined by the June employment report which saw non-farm payrolls surge 4.800 mln. Initial claims were somewhat disappointing, though factory orders surged more than expected. Read more

XE Market Analysis: North America - Jul 02, 2020

By: XE Market Analysis

The dollar and yen have taken a rotation lower as global stock markets rose on hopes about a vaccine for the coronavirus. Pfizer and Germany's BioNTech, developing one of the 150-plus candidate vaccines, reporting good results in early-stage human trials. Read more

XE Market Analysis: Europe - Jul 02, 2020

By: XE Market Analysis

The dollar and yen have traded moderately softer against most other currencies. USD-JPY has settled in the low-to-mid 107.00s after dropping back from the three-week high that was seen early yesterday. Other yen crosses, including the risk-sensitive AUD-JPY cross, have seen a similar price action, with the yen losing haven demand as global stock markets stage a tentative rebound on hopes about a vaccine for the coronavirus. Read more

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