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XE Market Analysis: Europe - Sep 09, 2020

By: XE Market Analysis

Dollar and yen firmness, and sterling underperformance has continued for a second day amid a backdrop of tumbling global stock markets (although U.S. index futures have stabilized). The narrow trade-weighted USD index (DXY) lifted to a one-month peak at 93.56, extending the rebound from the 29-month low that was seen last week at 91.75. Read more

XE Market Analysis: Asia - Sep 08, 2020

By: XE Market Analysis

The DXY hit near three-week highs of 93.47 in N.Y. morning trade, up from overnight lows of 93.00. Another risk-off session kept pressure on the risk-sensitive USD-JPY, though the USD remained firm versus the other major currencies. There was nothing in the way of data to drive markets, as another sharp day of declines on Wall Street appeared to have provided support to the Greenback. Read more

XE Market Analysis: North America - Sep 08, 2020

By: XE Market Analysis

The pound came under heavy Brexit-related pressure during the London morning, while the dollar and yen outperformed their peer group. Stock markets in Europe and U.S. equity index futures tumbled, while Asian equities mostly closed higher. Cable dropped over 1% in pegging a four-week low at 1.3023, while EUR-GBP rallied to a three-week high at 0.9047. Read more

XE Market Analysis: Europe - Sep 08, 2020

By: XE Market Analysis

The dollar traded firmer against most peer currencies amid a backdrop of rebounding global stock markets. The narrow trade-weighted USD index printed a four-day high at 93.20, while EUR-USD ebbed to a four-day low at 1.1795. Cable, which is down for a fifth consecutive trading day, posted a 13-day low at 1.3128, while EUR-GBP concurrently lifted to a 13-day high, at 0.8996. Read more

XE Market Analysis: North America - Sep 07, 2020

By: XE Market Analysis

Sterling has dropped sharply on reports, initially by the FT, that the UK government is planning to unpick parts of the withdrawal agreement that was signed with the EU in January, including elements of the special arrangements for Northern Ireland that are legally binding. Read more

XE Market Analysis: Europe - Sep 07, 2020

By: XE Market Analysis

A sleepy market was stirred by a drop in the pound, prompted by reports, initially by the FT, that the UK government is planning to unpick parts of the withdrawal agreement that was signed with the EU in January, including elements of the special arrangements for Northern Ireland that are legally binding. Read more

XE Market Analysis: Asia - Sep 04, 2020

By: XE Market Analysis

The Dollar rallied on Friday after the the solid U.S. August employment report, which saw non-farm payrolls increase nearly 1.4 mln, in-line with expectations. Earnings were better than forecasts, while the unemployment rate tumbled to 8.4% from 10.2%. Read more

XE Market Analysis: North America - Sep 04, 2020

By: XE Market Analysis

Narrow ranges have been prevailing ahead of the U.S. August payrolls report. Markets are also trading cautiously into next Thursday's ECB meeting, with some of the more dovish governing council members having this week expressed their concern about the appreciating trend of EUR-USD. Read more

XE Market Analysis: Europe - Sep 04, 2020

By: XE Market Analysis

The dollar has is at softer levels in narrow ranges following the sharp tech-led correction on Wall Street, which has in led to a sizeable retreat in global stock markets. The narrow trade-weighted USD index (DXY) settled just above yesterday's low at 92.69. Read more

XE Market Analysis: Asia - Sep 03, 2020

By: XE Market Analysis

The DXY headed up to 93.01 in late morning trade, after bottoming earlier at 92.77. The USD then faded in relatively light trade through much of the afternoon session. Weekly jobless claims were lower than expected, though the data were impacted by a change in the seasonal adjustment methodology, while the July trade deficit blew out to the highest levels since 2008. Read more

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