Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
The Dollar was fairly steady overall on Tuesday in N.Y., after losing ground Monday, and through much of the overnight session. Hopes for reopening global economies following positive Vaccine news on Monday removed some safe-haven urgency for buying the USD. Read more
The dollar has remained soft even though the strong stock market seen over the last day flagged during the European morning session. The euro, meanwhile, rallied against most currencies on rare good-news from the data front, with the forward-looking German ZEW investor confidence for May surging back to a 51.0 headline reading -- the highest since April 2015 -- after the 28.2 outcome in April and the -49.5 low that was seen in March. Read more
The dollar has remained soft amid a backdrop of rallying global stock markets, which are being buoyed by reopening economies, positive news on the development of a vaccine for the SARS Cov-2 coronavirus, and fresh pledges for further stimulus if necessary from the Fed, ECB and other central banks, factors which are managing to outweigh concerns about the ratcheting-up tensions between the U.S. Read more
The Dollar was broadly lower on Monday, seeing safe-haven USD flows reverse on the back of a strong bout of risk-on. Stocks and yields headed higher following reports that pharma company Moderna's coronavirus vaccine shows positive signs of working. There was little in the way of incoming data, and the FX market largely focused on the improved risk backdrop. Read more
The commodity currencies have traded firmer, concomitantly with a rise in stock markets, which posted moderate gains in Asia-Pacific markets and more robust gains in Europe, while S&P 500 futures have rallied by over 1.5%. This came after Fed Chairman Powell warned that the Fed is not out of ammunition, and could do more, while warning that he wouldn't bet against the U.S. Read more
The commodity currencies have traded firmer, concomitantly with a rise stock markets, which have posted moderate gains in Asia-Pacific markets, while S&P 500 futures have rallied by over 1%. This came after Fed Chairman Powell warned that the Fed is not out of ammunition, and could do more, while warning that he wouldn't bet against the U.S. Read more
The Dollar fell early in the N.Y. Friday session, as sellers stepped in following the abysmal U.S. retail sales and industrial production data. The DXY fell from 100.49 to 100.09, though later rebounding to 100.47 highs on pre-weekend USD short covering. Read more
The dollar took a moderate rotation lower as stock markets in Europe rallied. The narrow trade-weighted USD index dipped from levels near 100.40 to a low at 110.18, which is 3 pips shy of yesterday's low. EUR-USD concurrently pushed to a 1.0820 high, up from a low at 1.0793. Read more
The dollar has settled off its Thursday highs and most commodity currencies softened after rising during the New York afternoon session yesterday, gains which had been concurrent with a rebound on Wall Street. Asian stock markets followed U.S. markets higher, but gains were pared and Chinese and some other markets turned negative amid persisting concerns about souring U.S.-China relations and the risk of second-wave coronavirus outbreaks as economies reopen. Read more
The Dollar faded lower in morning trade on Thursday, later perking back up in another relatively quiet FX session. The USD shrugged off the higher than forecast jobless claims, and deflationary trade prices, though Wall Street took a dive, before later turning higher. Read more
