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XE Market Analysis: North America - Jul 13, 2020

By: XE Market Analysis

The dollar and yen had traded softer amid risk-on positioning in global markets. The narrow trade-weighted USD index fell below Friday's low at 96.44 on route to 96.39. Last Thursday's one-month low is at 96.24. EUR-USD lifted to a four-day peak at 1.1336, and Cable also rose above its Friday peak in posting a high at 1.2666 before settlign lower. Read more

XE Market Analysis: Europe - Jul 13, 2020

By: XE Market Analysis

Risk-on positioning has seen the dollar and yen soften in currency markets. The narrow trade-weighted USD index fell below Friday's low at 96.44 on route to 96.39. Last Thursday's one-month low is at 96.24. EUR-USD lifted to a four-day peak at 1.1336. Read more

XE Market Analysis: Asia - Jul 10, 2020

By: XE Market Analysis

The Dollar traded lower through the morning session, as risk taking levels improved following positive news on COVID vaccine development, as Pfizer and BioNTech said a COVID vaccine will be ready by December. In addition, a new study on Remdesivir indicated the drug reduced virus death risk by 62%. Read more

XE Market Analysis: North America - Jul 10, 2020

By: XE Market Analysis

The dollar lifted out of lows seen during the Asia-Pacific session ahead of the London open. This came as European stock markets posted modest gains, and with U.S. index futures having pared back some of their overnight session declines. The U.S. 10-year T-note yield has also come close to testing its April low at 0.570%, which has been cited as a dollar negative in some market narratives. Read more

XE Market Analysis: Europe - Jul 10, 2020

By: XE Market Analysis

Risk-on positioning has supported the dollar and yen weighing driving underperformance in commodity and other currencies with a higher beta characteristic. Multiplying coronavirus infections across the U.S. and in other places across the world, including Tokyo, Hong Kong, Melbourne, along with a number of clusters in Europe, have spooked investors. Read more

XE Market Analysis: Asia - Jul 09, 2020

By: XE Market Analysis

The Dollar got a boost in the wake of the SCOTUS ruling on Vance v Trump, allowing the New York grand jury to have access to President Trump's tax returns and other financial records. The USD had been trending lower ahead of the ruling, as modest risk-on conditions were in place. Read more

XE Market Analysis: North America - Jul 09, 2020

By: XE Market Analysis

The dollar pared declines as a mostly risk-on session in Asia, led by a continued rally in Chinese stocks, gave way to a less certain session in European markets. The narrow trade-weighted USD index recouped to levels around 96.50 after earlier printing a one-month low at 96.24. Read more

XE Market Analysis: Europe - Jul 09, 2020

By: XE Market Analysis

The dollar weakened as risk-on positioning ensued. The narrow trade-weighted USD index printed a one-month low at 96.24. An ongoing surge in China stock markets, which has been accompanied by gains in the yuan, have continued to drive a glass-half-full sentiment in global markets. Read more

XE Market Analysis: Asia - Jul 08, 2020

By: XE Market Analysis

The Dollar was mostly lower in N.Y. on Wednesday, taking the DXY to better than two-week lows of 96.40 from early highs of 96.95. Risk-taking levels flipped from negative to positive early on, resulting in higher equities and yields. This again saw safe-haven flows out of the Dollar. Read more

XE Market Analysis: North America - Jul 08, 2020

By: XE Market Analysis

The dollar and yen picked up moderate demand against most other currencies has European stock markets decline and U.S. equity index futures gave up gains and went flat on the day, which followed a mixed session across Asian asset markets. Market participants mindful of the potentially economically disrupting new waves and clusters of coronavirus infection outbreaks in reopening economies. Read more

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