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XE Market Analysis: North America - Nov 09, 2020

By: XE Market Analysis

The dollar posted fresh lows, continuing last week's theme as global stock markets and commodity prices surged. EUR-USD posted an eight-week high at 1.1899, while the DXY dollar index concurrently printed new two-month low at 92.13. Sharp weakness in the Japanese currency saw USD-JPY buck the dollar weakening theme. Read more

XE Market Analysis: Europe - Nov 09, 2020

By: XE Market Analysis

The dollar has posted fresh trend lows, continuing last week's weakening theme. It's notable that the dollar has continued to decline despite Friday's unambiguously solid U.S. jobs report and that it has remained heavy in the new week, which is revelatory of where sentiment is with regard to the U.S. Read more

XE Market Analysis: Asia - Nov 06, 2020

By: XE Market Analysis

The DXY fell to its lowest level since September 1 in N.Y. trade on Friday, with the index printing four-straight lower daily lows this week. Pressure earlier came as risk-on conditions prevailed following the election, where most assumed a split Congress would keep taxes from rising and preserve business deregulation which has been seen four nearly four years. Read more

XE Market Analysis: North America - Nov 06, 2020

By: XE Market Analysis

The dollar is down for a fourth consecutive day, with the DXY index posting a two-month low at 92.28 and EUR-USD rising to a 16-day high at 1.1878, extending the sharp rally from the 1.1603 low seen earlier in the week. USD-JPY printed a fresh eight-month low at 103.19. Read more

XE Market Analysis: Europe - Nov 06, 2020

By: XE Market Analysis

The dollar has found a footing after tipping sharply lower over the last three days, which mirrors a petering out in the risk-on positioning theme in global markets today. We're still awaiting on the U.S. election result. Markets are pricing in a Biden presidency and a split Congress, with Republicans likely to retain the Senate and with the Democrats retaining the House. Read more

XE Market Analysis: Asia - Nov 05, 2020

By: XE Market Analysis

The Dollar was largely range-bound through the N.Y. session, after broadly losing ground overnight. The USD was steady following the FOMC announcement, where no tweaks to policy were made, as widely expected. The greenback had fallen sharply the past two-sessions, as prospects for a split Congress supported risk-taking levels, putting pressure on the safe-haven USD. Read more

XE Market Analysis: North America - Nov 05, 2020

By: XE Market Analysis

The dollar and yen have declined with coursing risk appetite in global markets driving gains in other currencies and asset markets. U.S. Treasury yields have remained in decline, narrowing the yield spread versus the Bund, gilt and JGB yields, among others. Read more

XE Market Analysis: Europe - Nov 05, 2020

By: XE Market Analysis

The dollar majors have been seeing relatively narrow ranges so far today, despite global stock markets rallying and sovereign bond yields, led by U.S. Treasury yields, tumbling. Markets are discounting a Biden presidency and a split Congress. Although Democrats still have a narrow path to taking control of the Senate (there is a 48 versus 48 deadlock currently, with four seats left to be decided), most political pundits think it unlikely. Read more

XE Market Analysis: Asia - Nov 04, 2020

By: XE Market Analysis

The Dollar shot higher overnight, as election uncertainty saw a rush into the safe-haven USD. Later, as risk appetite exploded, the USD fell back. The DXY moved from Asian lows of 93.38 to a high of 94.30 before falling back to 93.26 in early N.Y. trade. Read more

XE Market Analysis: North America - Nov 04, 2020

By: XE Market Analysis

Choppy price action has been prevailing in currency markets, and global financial markets more broadly, as participants attempt to digest the closer-than-expected elections in the U.S. As things stand, at 07:00 ET, the Democrats have retained the House but don't appear to have more than to a 50-50 chance of flipping the Senate, while Biden is still the favourite to win the Presidency. Read more

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