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XE Market Analysis: Asia - Mar 18, 2020

By: XE Market Analysis

The Dollar index surged to three-year highs of 101.73 in N.Y. trade on Wednesday, up from overnight lows of 99.16. Heavy demand for cash Dollars has been driving the USD higher, as the virus panic appears to rise on a daily basis. Wall Street was crushed lower, resulting in the tripping of a circuit breaker when the S&P 500 last 7%. Read more

XE Market Analysis: North America - Mar 18, 2020

By: XE Market Analysis

The yen has outperformed amid nervous global markets, though concurrent dollar strength has seen USD-JPY lift back above 107.00 from a 106.76 low. The commodity and most developing world currencies remained under pressure. AUD-JPY dropped to a new 11-year low, and AUD-USD posted a fresh 17-year low. Read more

XE Market Analysis: Europe - Mar 18, 2020

By: XE Market Analysis

The dollar has remained firm amid nervous global markets, with demand for cash dollars remaining high while some traditional safe haven assets, such as gold and U.S. Treasuries, have nonetheless remained under pressure as investors rebalance portfolios and build cash cushions to cover margin calls. Read more

XE Market Analysis: Asia - Mar 17, 2020

By: XE Market Analysis

The DXY printed better than three-week highs of 99.82 in N.Y. on Tuesday, bringing the three-plus year top of 99.91 seen in February back into focus. Virus related safe-haven buying has remained a driver of Dollar strength since the beginning of last week, as risk-taking levels overall remain pressured. Read more

XE Market Analysis: North America - Mar 17, 2020

By: XE Market Analysis

The dollar has rallied quite strongly, posting a 1.3% gain against the euro and sterling, and gains of more than 1% versus the yen and Swiss franc, and advances of over 1.5% in the case against the Australian dollar. The narrow trade-weighted USD index (DXY), which correlates closely with EUR-USD, is up 1%, climbing back above the 99.0 level for the first time since February 27th, and bringing the cumulative gain from the 18-month low that was seen on March 9th. Read more

XE Market Analysis: Europe - Mar 17, 2020

By: XE Market Analysis

The dollar has outperformed while the yen has underperformed so far today, against a backdrop of rebounding European and U.S. equity index futures, and with Asian stock markets managing to lift out of early weakness. S&P 500 futures rallied by nearly 4% after the cash version of bellwether index crashed with a 11.98% loss yesterday on Wall Street, its worst fall since the infamous "Black Monday" of 1987. Read more

XE Market Analysis: Asia - Mar 16, 2020

By: XE Market Analysis

The Dollar index firmed up in early N.Y. trade on Monday, with safe-haven flows driving the modest move higher. The DXY later steadied off its high of 98.44, finding support into 98.00. The U.S. Empire State manufacturing index dropped a record 34.4 points to 21.5 in March, much lower than expected but that's likely to be the case for most data points for some time. Read more

XE Market Analysis: North America - Mar 16, 2020

By: XE Market Analysis

The yen has rallied on broad risk-off positioning as stock and commodity markets tumbled and top grade sovereign bonds rose. As for other currencies, the dollar bloc and other commodity currencies have underperformed, along with BRIC and other developing-world currencies. Read more

XE Market Analysis: Europe - Mar 16, 2020

By: XE Market Analysis

The yen has rallied amid the force of risk-off positioning, as stock and commodity markets tumbled and top grade sovereign bonds rose. As for other currencies, the dollar bloc and other commodity currencies have underperformed, along with BRIC and other developing-world currencies. Read more

XE Market Analysis: Asia - Mar 13, 2020

By: XE Market Analysis

The Dollar ended the week on a high note, after posting gains since Tuesday. The DXY topped at a two-week high of 98.78 on Friday, coming from the 18-month low of 94.65 seen Monday. It was a risk-on session to end a very rough week, as Wall Street and Treasury yields rebounded some following massive Fed and ECB stimulus. Read more

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