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XE Market Analysis: Asia - Jan 09, 2020

By: XE Market Analysis

The Dollar rallied again on Thursday, so far this year bouncing from steep year-end losses seen last month. The U.S. economic outlook, along with the USD interest rate differential advantage has been a driver of USD strength so far in 2020. Looking ahead, economics, geopolitics and later, the U.S. Read more

XE Market Analysis: North America - Jan 09, 2020

By: XE Market Analysis

The dollar has traded mostly firmer, posting two-week highs versus the euro and pound, a 10-day peak versus the yen, a nine-day high against the Canadian dollar, a 16-day peak relative to the New Zealand dollar. Unwinding risk-off premiums supported USD-JPY, while dovish remarks from BoE Governor Carney weighed on Cable, and, indirectly, EUR-USD, and a weak ANZ Commodity Price Index reading took a toll on NZD-USD. Read more

XE Market Analysis: Europe - Jan 09, 2020

By: XE Market Analysis

The yen continued to decline concomitantly with a recovery stock markets after President Trump took the off-ramp offered him by Iran. Tehran's missile strikes, having caused no casualties, was termed by the foreign ministry to have "concluded" Tehran's response. Read more

XE Market Analysis: Asia - Jan 08, 2020

By: XE Market Analysis

The Dollar firmed in N.Y. trade on Wednesday, helped by a stronger than expected December ADP jobs report, along with safe-haven USD buying following the Iran missile attack on U.S. bases in Iraq. Trump later spoke, saying Iran appears to be "standing down". Read more

XE Market Analysis: North America - Jan 08, 2020

By: XE Market Analysis

The yen surged and then sharply more than unwound gains in volatile trading during morning trading in Tokyo. The rally in the Japanese currency was part of a broader dash for safe haven assets and currencies following news that Iran had fired missiles at two U.S. Read more

XE Market Analysis: Europe - Jan 08, 2020

By: XE Market Analysis

The yen surged and then sharply unwound gains in volatile trading during morning trading in Tokyo. The rally in the Japanese currency was part of a broader dash for safe haven assets and currencies following news that Iran had fired missiles at two U.S. Read more

XE Market Analysis: Asia - Jan 07, 2020

By: XE Market Analysis

The Dollar was higher in N.Y. trade on Tuesday, taking the DXY to highs of the week at 97.09 from opening levels near 96.73. Safe-haven USD buying was a feature through the session, driven by the nervous geopolitical backdrop. A much stronger services ISM helped support the Greenback as well. Read more

XE Market Analysis: North America - Jan 07, 2020

By: XE Market Analysis

The dollar has traded mostly firmer, retracing losses seen yesterday by varying degrees. The narrow trade-weighted USD index (DXY) rebounded about half of the drop it saw yesterday in lifting back above 96.80, while EUR-USD concurrently ebbed back under the 1.1200 level. Read more

XE Market Analysis: Europe - Jan 07, 2020

By: XE Market Analysis

The Australian dollar has remained under pressure, despite global stock markets having taken a turn higher as markets reappraise the U.S. versus Iran stand off. A Caixin report saying that China will not increase its annual low-tariff import quotas for U.S. Read more

XE Market Analysis: Asia - Jan 06, 2020

By: XE Market Analysis

The Dollar rallied modestly through the N.Y. session on Monday, with gains driven by safe-haven buying. The worsening geopolitical backdrop should limit USD downside for the time being, as traders brace for retaliation from Iran, and potential for further escalation. Read more

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