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XE Market Analysis: Asia - Oct 06, 2020

By: XE Market Analysis

The Dollar ended higher in N.Y. trade on Tuesday, though ranges overall were relatively narrow. The DXY bounced modestly from the two-plus week low of 93.35 seen early in the session, to 93.64 during the afternoon session, after Trump said there would be no stimulus package until after the election. Read more

XE Market Analysis: North America - Oct 06, 2020

By: XE Market Analysis

The dollar rebounded after earlier softening, concomitantly with an uncertain tone establishing across European stock markets and with U.S. index futures having reversed earlier gains. The pan-Europe STOXX 600 index was near net unchanged as of the early afternoon session. Read more

XE Market Analysis: Europe - Oct 06, 2020

By: XE Market Analysis

The dollar has been trading on a mostly softer tack, alongside the yen, with risk appetite picking up in global markets after U.S. President Trump returned to his White House residence and with the Democrats and Republicans showing signs of progressing another fiscal support package. Read more

XE Market Analysis: Asia - Oct 05, 2020

By: XE Market Analysis

The Dollar was mostly lower in N.Y. trade on Monday, weighed down by the unwinding of long USD safe-haven positions as risk-on conditions returned. Reports that president Trump is doing better after being treated over the weekend for Covid, along with increased hopes that a U.S. Read more

XE Market Analysis: North America - Oct 05, 2020

By: XE Market Analysis

Both the dollar and yen softened, while the dollar bloc outperformed the other main free floating currencies amid a bout of risk-back-on positioning in global markets, fuelled by positive news about U.S. President Trump's health condition. EUR-USD traded firmer, printing a peak at 1.1760, which is 10 pips short of the 13-day high that was seen last Thursday. Read more

XE Market Analysis: Europe - Oct 05, 2020

By: XE Market Analysis

The yen has softened and the dollar bloc currencies have firmed amid a risk-back-on positioning theme, driven by encouraging reports about U.S. President Trump's health. USD-JPY lifted to a peak at 105.61, which is 7 pips shy of Friday's high. The biggest mover out of the main currencies has been AUD-JPY, which rallied by about 0.7% in posting a peak at at 75.91. Read more

XE Market Analysis: Asia - Oct 02, 2020

By: XE Market Analysis

The Dollar rose slightly in early N.Y. trade on Friday, after trading mostly lower overnight following the news of President Trump's positive Covid diagnosis. The September jobs report saw NFP come in lighter than expected, though prior-month upward revisions that left a combined gain near consensus forecasts. Read more

XE Market Analysis: North America - Oct 02, 2020

By: XE Market Analysis

The yen and pound outperformed other currencies, the former finding safe haven demand amid pronounced risk-off positioning theme in global markets on news that President Trump, along with the First Lady and White House public relations counsellor, have tested positive for Covid, and the latter finding support from Brexit news. Read more

XE Market Analysis: Europe - Oct 02, 2020

By: XE Market Analysis

The yen has rallied versus other currencies amid a pronounced risk-off positioning theme in global markets on news that President Trump, along with the First Lady and White House public relations counsellor, have tested positive for Covid. S&P 500 E-minis are 1.4%, and Asian stock markets and European equity index futures have also taken a hit. Read more

XE Market Analysis: Asia - Oct 01, 2020

By: XE Market Analysis

The Dollar fell into the N.Y. open on Thursday, though later made up some ground following some pretty decent U.S. data. The DXY partially recovered from the eight-session lows of 93.533 seen into the open, later topping at 93.90. The ADP jobs report was considerably better than expected, while continuing jobless claims fell sharply, and construction spending bounced. Read more

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