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XE Market Analysis: Asia - Jun 24, 2020

By: XE Market Analysis

The Dollar rallied in N.Y. on Wednesday, taking the DXY to highs of 97.11 from overnight lows of 96.55. The USD headed higher largely on safe-haven flows, as the sharp rise in U.S. virus cases saw risk-taking levels evaporate, with fears rising that the tentative economic recovery could come undone if current cases continue to increase unabated. Read more

XE Market Analysis: North America - Jun 24, 2020

By: XE Market Analysis

Most dollar pairings have been holding within their respective Tuesday ranges, while the New Zealand dollar fell by nearly 1% on dovish RBNZ policy guidance, and the pound managed to eke out a six-day high during the Asia-Pacific session before turning lower. Read more

XE Market Analysis: Europe - Jun 24, 2020

By: XE Market Analysis

The dollar majors have been plying narrow ranges so far today, mimicking the narrow range in S&P 500 futures, while markets across the Asia-Pacific region have rallied following the bullish close on Wall Street yesterday. The massive amount of liquidity and the anticipation more fiscal relief measures have been buoying equity markets. Read more

XE Market Analysis: Asia - Jun 23, 2020

By: XE Market Analysis

The Dollar fell further in N.Y. on Tuesday, taking the DXY to near two-week lows of 96.39 from 96.93, before edging back up to 96.67. Another risk-on session saw broad USD selling emerge at the open, as unwinding of safe-haven flows emerged. Wall Street rallied, while Treasury yields were slightly lower. Read more

XE Market Analysis: North America - Jun 23, 2020

By: XE Market Analysis

The news flow today caused a brief risk-off burst in Asia-Pacific markets followed by a sharp recovery. In currencies, this transpired as a bout of dollar and yen outperformance alongside a sharp drop in risk-sensitive currencies such as the Australian dollar, followed by a quick reversal. Read more

XE Market Analysis: Europe - Jun 23, 2020

By: XE Market Analysis

The news flow today caused a brief risk-off burst in Asia-Pacific markets followed by a sharp recovery. In currencies, this transpired as a bout of dollar and yen outperformance alongside a sharp drop in risk-sensitive currencies such as the Australian dollar, followed by a quick reversal. Read more

XE Market Analysis: Asia - Jun 22, 2020

By: XE Market Analysis

A largely risk-on N.Y. session on Monday weighed on the Dollar as safe-haven flows were reversed, seeing the DXY pull back from Friday's three-week high of 97.72, to a low of 97.01. Wall Street headed moderately higher after opening in the red, while Treasury yields were little changed. Read more

XE Market Analysis: North America - Jun 22, 2020

By: XE Market Analysis

The dollar dropped back after a short-lived pop higher at the open in Asia-Pacific trading today, inversely correlating with a 0.7%-plus rally in S&P 500 futures, which pointed to an opening gain on Wall Street that would more than reverse Friday's losses. Read more

XE Market Analysis: Europe - Jun 22, 2020

By: XE Market Analysis

The risk-sensitive currencies rebounded from early losses, as stocks in the Asia-Pacific region lifted out of early losses, for the most part, while S&P 500 futures managed gains of 0.5%, wiping out the decline seen during the regular Wall Street session on Friday. Read more

XE Market Analysis: Asia - Jun 19, 2020

By: XE Market Analysis

The Dollar was mostly higher in N.Y. trade on Friday, causing the DXY to rally to near three-week highs of 97.71, after opening at 97.16. The only U.S. data were Q1 current account figures, which saw the deficit narrow slightly, though had no market impact. Read more

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