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XE Market Analysis: Asia - Apr 21, 2021

By: XE Market Analysis

The Dollar gained modest ground overnight, seeing the DXY top at 91.43 early in the N.Y. session on Wednesday. From there though, risk-on conditions weighed, taking the index back to 91.09 lows. Safe-haven flows into the USD seen on Tuesday were unwound, as Wall Street and Treasury yields ticked higher. Read more

XE Market Analysis: North America - Apr 21, 2021

By: XE Market Analysis

The dollar has found a footing after recent pronounced declines. The narrow trade-weighted DXY USD index has tested yesterday's high at 91.28, having lifted out of yesterday's seven-week low at 90.86. Safe haven demand for dollars has been afoot amid the risk-off sentiment that has been coursing through global markets on news of spiking Covid cases in various countries across the world, including in Canada, India to Japan. Read more

XE Market Analysis: Europe - Apr 21, 2021

By: XE Market Analysis

The dollar has found a footing after recent pronounced declines. The narrow trade-weighted DXY USD index has tested yesterday's high at 91.28, having lifted out of yesterday's seven-week low at 90.86. Safe haven demand for dollars has been afoot amid the risk-off sentiment that has been coursing through global markets on news of spiking Covid cases in various countries across the world, including in Canada, India to Japan. Read more

XE Market Analysis: Asia - Apr 20, 2021

By: XE Market Analysis

After hitting trend lows into the open, the DXY recovered some ground through the N.Y. session on Tuesday. The index headed from six-week lows of 90.89 to 91.22 early in the session. Risk-off conditions brought a round of safe-haven Dollar buying to bear, despite Treasury yields dipping lower. Read more

XE Market Analysis: North America - Apr 20, 2021

By: XE Market Analysis

The dollar's softening bias has remained in play, though USD-JPY has been the exception, with yen losses having been of slightly greater magnitude to the declines the dollar has seen versus other currencies. Both the dollar and yen posted fresh lows against the euro, sterling, Australian dollar, among other currencies. Read more

XE Market Analysis: Europe - Apr 20, 2021

By: XE Market Analysis

The dollar has diverged from U.S. yields, with the greenback, as measured by the narrow trade-weighted DXY index, extending yesterday's steep decline in posting a fresh seven-week low at 90.88. The index is now down by a cumulative 2.8% from the five-month highs that were seen in late March. Read more

XE Market Analysis: Asia - Apr 19, 2021

By: XE Market Analysis

The Dollar was relatively steady in N.Y. trade on Monday, though had lost significant ground overnight, as Treasury yields slipped to five-week lows. The DXY printed six-week lows of 91.03, later managing a high of 91.22. There was no U.S. data to move markets. Read more

XE Market Analysis: North America - Apr 19, 2021

By: XE Market Analysis

The dollar took a fresh step lower in concert with heavy U.S. Treasury yields. The DXY dollar index fell 0.5% in what is now the third consecutive week of decline, and posted a seven-week low at 91.08, extending the drop from the five-month high that was seen in late March at 93.44. Read more

XE Market Analysis: Europe - Apr 19, 2021

By: XE Market Analysis

The dollar has remained soft in concert with heavy U.S. Treasury yields. Ranges have been narrow, though the DXY dollar index still edged out a one-month low at 91.50, extending the decline from the five-month high that was seen in late March at 93.44. Read more

XE Market Analysis: Asia - Apr 16, 2021

By: XE Market Analysis

FX trade was very light in N.Y. on Friday, with narrow ranges the case for most major Dollar pairings. The DXY matched Thursday's one-month low of 91.49 early in the session, later heading to 91.59 highs. Incoming data was slightly supportive of the USD, though ultimately had little impact. Read more

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