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about 16 days ago

XE Market Analysis: Asia - Jun 18, 2020

By: XE Market Analysis

Major Dollar pairings were mostly higher in N.Y. on Thursday, with safe-haven demand driving the DXY to two-week highs of 97.58 from morning lows of 97.24. The Greenback's move higher came on fresh safe-haven buying following a much better Philly Fed index bounce, though a significantly higher than expected jobless claims print, and on increasing concerns over the spread of coronavirus both in the U.S. Read more

about 16 days ago

XE Market Analysis: North America - Jun 18, 2020

By: XE Market Analysis

The dollar has been mostly steady, though lost modest ground to the yen, which found a moderate safe haven bid during the Tokyo session, while gaining ground against the pound during the London morning, into the BoE policy announcement. The UK currency racked up losses of over 0.4% against the dollar and euro, and most other peers, with Cable printing a three-day low at 1.2499 and EUR-GBP lifting into three-day high terrain above 0.9000. Read more

about 16 days ago

XE Market Analysis: Europe - Jun 18, 2020

By: XE Market Analysis

The yen edged higher against most other currencies on a moderate safe haven bid as global equity markets continued a sputtering price action. A tussle between glass-half-full and glass-half-empty viewpoints continues to play out in global markets. In question is the scope for richly valued asset prices to sustain amid signs that reopening economies are causing a second-wave of coronavirus infections, with the surge in new cases in several U.S. Read more

about 17 days ago

XE Market Analysis: Asia - Jun 17, 2020

By: XE Market Analysis

The Dollar was modestly higher in N.Y. trade on Wednesday, benefiting from safe-have buying as risk taking levels moderated on the back of new virus outbreaks in some U.S. states, and a fresh outbreak in Beijing. Wall Street was mixed early, though perked up some ahead of the close. Read more

about 17 days ago

XE Market Analysis: North America - Jun 17, 2020

By: XE Market Analysis

The dollar and yen nudged higher against most other currencies amid a backdrop of global stock markets that have lost upside momentum. Equity markets in both the Asia-Pacific and European regions flagged, and while S&P 500 futures were showing a 0.4% gain, heading into the New York interbank open, they remained off the highs seen yesterday. Read more

about 17 days ago

XE Market Analysis: Europe - Jun 17, 2020

By: XE Market Analysis

The dollar majors have been lacking direction amid a backdrop of global stock markets that have lost upside momentum. Most dollar pairings and cross rates have so far remained comfortably within their respective Tuesday ranges. Stock markets in Asia-Pacific flagged, and while S&P 500 futures were showing a 0.3% gain, as of the early London session, they remained off the highs seen yesterday. Read more

about 18 days ago

XE Market Analysis: Asia - Jun 16, 2020

By: XE Market Analysis

The Dollar caught a bid in N.Y. morning trade on Tuesday, supported by a blowout U.S. May retail sales report, which saw a record 17.7% rise. Industrial production data was better than consensus forecasts as well. Wall Street was sharply higher, stumbling just briefly after a fresh virus breakout in Beijing prompted China officials to advise residents to not leave the city. Read more

about 18 days ago

XE Market Analysis: North America - Jun 16, 2020

By: XE Market Analysis

The dollar and yen weakened against most currencies as risk appetite picked back up, catalysed by a Bloomberg News report that the Trump administration is preparing a near $1 tln infrastructure proposal, which followed hot on the heels of the Fed commencing its corporate bond buying program. Read more

about 18 days ago

XE Market Analysis: Europe - Jun 16, 2020

By: XE Market Analysis

The dollar and yen took a downward shift against most currencies as risk appetite picked back up, catalysed by a Bloomberg News report that the Trump administration is preparing a near $1 tln infrastructure proposal, along with the Fed detailing its corporate bond purchasing program, which it confirmed started yesterday. Read more

about 19 days ago

XE Market Analysis: Asia - Jun 15, 2020

By: XE Market Analysis

After rallying some overnight, the Dollar eased modestly in N.Y. on Monday. The USD had climbed through the Asian and European morning session on safe-haven buying, as heightened concerns over the rising spread of the virus supported. Wall Street opened sharply lower, though as it pared losses, Dollar flows were reversed, taking the DXY to 96.87 from 97.22. Read more

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