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XE Market Analysis: Asia - Nov 07, 2019

By: XE Market Analysis

The DXY rallied to better than three-week highs in N.Y. on Thursday, heading from pre-open lows of 97.82, to a mid-day peak of 98.23. Progress on the trade war front was a driver, as both the U.S. and China apparently agreed to roll-back tariffs over a yet unspecified period of time. Read more

XE Market Analysis: North America - Nov 07, 2019

By: XE Market Analysis

A burst of risk-on positioning sent global stocks higher and saw the both the dollar and yen turn lower after seeing fresh highs against the other main currencies during pre-European trading in Asia. China's commerce ministry flicked the risk appetite switch back to "on" by stating that the U.S and China have agreed in principle "cancel additional tariffs in different phases." USD-JPY bounced from a two-day low at 108.64 to a high of 109.19. Read more

XE Market Analysis: Europe - Nov 07, 2019

By: XE Market Analysis

Both the dollar and yen dropped back quite sharply, the yen in particular, after seeing fresh highs against the other main currencies. This saw EUR-USD rally back to the 1.1075-80 area after making a three-week low at 1.1055 and EUR-JPY also jump from a three-week low, at 120.14, to levels above 120.60. Read more

XE Market Analysis: Asia - Nov 06, 2019

By: XE Market Analysis

The dollar was mostly higher in N.Y. trade on Wednesday, taking the DXY to 97.98 highs from 97.78 early in the session. The index was unable to take out Tuesday's one-week high of 98.01. Incoming data had little impact, with productivity and unit labor costs both missing consensus forecasts. Read more

XE Market Analysis: North America - Nov 06, 2019

By: XE Market Analysis

The dollar and other currencies lacked direction as risk-on positioning that dominated since last Friday's U.S. employment report lost steam. Valuations of many major equity indices have been left looking rich as investors take a more circumspect view about whether the 13th round of trade talks between the U.S. Read more

XE Market Analysis: Europe - Nov 06, 2019

By: XE Market Analysis

The dollar has been consolidating gains seen yesterday, which had been driven by more strong October data (non-manufacturing ISM, which backed up last week's surprisingly solid employment report) and hopes a partial trade deal with China will be struck. Read more

XE Market Analysis: Asia - Nov 05, 2019

By: XE Market Analysis

The Dollar traded higher in N.Y. on Tuesday, helped by a narrowed trade deficit,a better services ISM and sharply higher Treasury yields. The DXY rallied to one-week highs of 98.00, up from 97.65 at the open. EUR-USD fell to three-week lows of 1.1064 from London highs of 1.1140, as USD-JPY topped at a on-week top of 109.23. Read more

XE Market Analysis: North America - Nov 05, 2019

By: XE Market Analysis

The dollar has been trading mixed against a backdrop of coursing risk-on positioning, losing ground to the dollar bloc while gaining on the yen, which underperformed. Sovereign bonds came under pressure as the main Asian and European stock indices rallied to fresh major-trend highs. Read more

XE Market Analysis: Europe - Nov 05, 2019

By: XE Market Analysis

The yen continued on a softening tack amid a backdrop of continued risk-on positioning in global markets, which have seen sovereign bonds come under pressure and stock markets rally. The main equity indices in Asia hit fresh trend highs today, while the Dow, S&P 500 and Nasdaq all hit new record highs on Wall Street yesterday. Read more

XE Market Analysis: Asia - Nov 04, 2019

By: XE Market Analysis

The Dollar was mostly higher in N.Y. trade on Monday, leaving the DXY up at 97.47 highs from pre-opening lows at 97.25. Slightly lower than expected U.S. factory orders had little impact. The Greenback maintained its bid tone, with fallout from last week's stronger jobs report, and an FOMC that is solidly on hold going forward putting a floor under the USD. Read more

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