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XE Market Analysis: North America - Jun 10, 2021

By: XE Market Analysis

The currency majors have been idling into key U.S. data and the ECB policy announcement. Global stock markets have also been lacking direction, overall, while most industrial commodities are moderately lower today.The ECB may give the euro a lift, though initial impact potential will be limited ahead of the release of U.S. Read more

XE Market Analysis: Europe - Jun 10, 2021

By: XE Market Analysis

The currency majors have been idling into key U.S. data and the ECB meeting. Global stock markets have also been lacking direction, while most industrial commodities are moderately lower today. The dollar yesterday dropped and then recovered, tracking the direction of longer-dated Treasury yields. Read more

XE Market Analysis: Asia - Jun 09, 2021

By: XE Market Analysis

The Dollar perked up some in late morning trade, with the DXY recovering from seven-session lows of 89.84. The index had been at 90.00 at the open, and headed to highs of 90.14 after the London close. The 10-year Treasury yield recovered about 3 basis points from its one-plus month low of 1.472%, which likely prompted some USD short covering. Read more

XE Market Analysis: North America - Jun 09, 2021

By: XE Market Analysis

Narrow ranges have been prevailing among the dollar majors as key data and events loom. Tomorrow's ECB meeting and U.S. CPI are keenly awaited by market participants, in addition to next week's FOMC meeting. The DXY dollar index has settled nearly the 90.0 level, and has remained within the bounds of yesterday's ranges, as have dollar pairings. Read more

XE Market Analysis: Europe - Jun 09, 2021

By: XE Market Analysis

Narrow ranges have been prevailing among the dollar majors as key data and events loom. Tomorrow's ECB meeting and U.S. CPI are keenly awaited by market participants, in addition to next week's FOMC meeting. The DXY dollar index has settled nearly the 90.0 level, and has remained within the bounds of yesterday's ranges, as have dollar pairings. Read more

XE Market Analysis: Asia - Jun 08, 2021

By: XE Market Analysis

The Dollar was a bit softer in N.Y. trade on Tuesday, though was rangebound for the most part. An early drop in Treasury yields, reportedly the result of a large short position being unwound, saw the 10-year yield drop to near 1.51% from 1.57%, which weighed on the USD. Read more

XE Market Analysis: North America - Jun 08, 2021

By: XE Market Analysis

The dollar has traded firmer today, reversing half or more than half of the declines seen yesterday versus its major peer currencies. This comes amid a cautious tone in global asset markets. Stock markets have stalled after the MSCI All Country World index scaled to a new record high yesterday. Read more

XE Market Analysis: Europe - Jun 08, 2021

By: XE Market Analysis

The dollar has traded moderately firmer today, reversing half or more than half of the declines seen yesterday versus its major peer currencies. This comes amid a cautious tone in global asset markets. Stock markets have stalled after the MSCI All Country World index scaled to a new record high yesterday. Read more

XE Market Analysis: Asia - Jun 07, 2021

By: XE Market Analysis

The Dollar was mostly lower overnight, taking the DXY to 89.91 lows, and under Friday's post-jobs report low of 90.03. Treasury yields edged slightly higher on the session, though remained well below levels seen before the employment report. This was the likely driver of USD weakness on Monday. Read more

XE Market Analysis: North America - Jun 07, 2021

By: XE Market Analysis

The dollar has lifted out of its post-U.S. jobs report lows, as has the 10-year Treasury yield. Both remain well off their pre-data levels, however, being modestly firmer in a "dust settling" trade following the sharp drops that both the greenback and longer-dated bongs saw in the wake of the data miss on Friday. Read more

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