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XE Market Analysis: North America - Feb 10, 2021

By: XE Market Analysis

The dollar has continued to soften, while stock markets in Asia rallied despite Wall Street pausing for breath yesterday after the flagship indices posted record highs on the previous day. The reflation trade is back in play, aided by the remarkable drop in the rate of new positive Covid test results globally, which are down by nearly two thirds from month-ago levels, and which are being accompanied by falling mortality rate -- and are being observed across nations regardless of lockdown stringency or vaccine status. Read more

XE Market Analysis: Europe - Feb 10, 2021

By: XE Market Analysis

The dollar has continued to soften, while stock markets in Asia rallied despite Wall Street pausing for breath yesterday after the flagship indices posted record highs on the previous day. The reflation trade is back in play, aided by the remarkable drop in the rate of new positive Covid test results globally, which are down by nearly two thirds from month-ago levels, and which are being accompanied by falling mortality rate -- and are being observed across nations regardless of lockdown stringency or vaccine status. Read more

XE Market Analysis: Asia - Feb 09, 2021

By: XE Market Analysis

The Dollar traded on a softer footing in N.Y. on Tuesday, with the bulk of losses coming overnight. The DXY pulled back to seven-session lows of 90.51, down from overnight highs of 90.93. The paring of long USD positions continued for the third day, following the decent run up seen over the past week or so. Read more

XE Market Analysis: North America - Feb 09, 2021

By: XE Market Analysis

The dollar has come under broad pressure, which has pushed the DXY index to eight-day lows near 90.50. Tesla's parking of $1.5 bln in Bitcoin, which consequently surged over 20% to record highs near $50,000, sparked broader declines in the U.S. currency. Read more

XE Market Analysis: Europe - Feb 09, 2021

By: XE Market Analysis

The dollar has come under across-the-board pressure, which has pushed the DXY index to eight-day lows under 90.75. Tesla's decision to park $1.5 bln in Bitcoin yesterday, which consequently surged over 20% to record highs near $50,000, seemed to spark broader declines in the U.S. Read more

XE Market Analysis: Asia - Feb 08, 2021

By: XE Market Analysis

The Dollar again lost ground in Monday morning trade, with follow through selling seen after Friday's weakness. Overbought conditions last week resulted in the two-session correction, though further downside from here is expected to be limited, as Treasury rates continue to climb, and as progress is made on the Covid vaccine front. Read more

XE Market Analysis: North America - Feb 08, 2021

By: XE Market Analysis

The dollar found a footing after posting fresh declines against some currencies, which extended losses seen on Friday following the headline payrolls miss. However, the details of the jobs report (hours worked and earnings) were strong, and U.S. yields have remained perky, which along with the approaching mega-stimulus spending binge, has ensured the dollar picked up demand on dips. Read more

XE Market Analysis: Europe - Feb 08, 2021

By: XE Market Analysis

The dollar has remained soft after correcting on Friday following the headline payrolls miss. However, the details of the jobs report (hours worked and earnings) were strong, and U.S. yields have remained perky, which, along with the approaching mega-stimulus spending binge, should ensure the dollar picks up demand on dips. Read more

XE Market Analysis: Asia - Feb 05, 2021

By: XE Market Analysis

The DXY retreated in N.Y. on Friday, but not before printing its fifth-consecutive higher daily high. The index topped at 91.60 overnight, later falling to 90.01 in afternoon trade. The FX market had been bidding up the USD all week, on improving fundamental, and an accelerating vaccine rollout, leaving it a bit overbought. Read more

XE Market Analysis: North America - Feb 05, 2021

By: XE Market Analysis

The dollar has traded more mixed today, with the pound and dollar bloc holding their own. The DXY dollar index has edged out a fresh two-month high, this time at 91.60, in what is its fifth consecutive up day, underpinned by an improving yield advantage relative to the euro and other peers (with UK gilt yields being the main exception). Read more

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