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XE Market Analysis: North America - Oct 09, 2020

By: XE Market Analysis

The dollar has tracked lower amid a backdrop of overall buoyant stock markets. EUR-USD posted a three-day high at 1.1803, drawing in on the 18-day high seen on Tuesday at 1.1809. The pair needs to close out today above 1.1718-19 to rack this up as a second consecutive up week. Read more

XE Market Analysis: Europe - Oct 09, 2020

By: XE Market Analysis

The dollar is down for a third consecutive day, as measured by the narrow trade-weighted DXY USD index, which pegged a three-day low at 93.43. EUR-USD has remained buoyant, though has so far held below the 1.1781-82 highs seen over the last couple of days. Read more

XE Market Analysis: Asia - Oct 08, 2020

By: XE Market Analysis

After heading slightly higher following the steady initial jobless claims and large drop in continuing claims, the Dollar pulled back some through the morning session. The DXY peaked at 93.77 early, later slipping to 93.59 lows. USD-major trading ranges remained relatively narrow. Read more

XE Market Analysis: North America - Oct 08, 2020

By: XE Market Analysis

The dollar recouped lost ground against most peer currencies. EUR-USD settled to near net unchanged levels near 1.1750 after ebbing back from a 1.1781 high, which was set in early London trading. Dollar weakness had been a driver earlier. More dovish remarks have come from ECB policymakers, who have recently let it be known their concern about the recent rise in the euro's effective exchange rate, given its tightening impact on real interest rates at a time when new Covid restrictions are crimping economic activity. Read more

XE Market Analysis: Europe - Oct 08, 2020

By: XE Market Analysis

The dollar has traded softer, inversely correlating with rallying stock markets on Wall Street. S&P 500 E-minis are up 0.7%, while the cash version of the index closed yesterday with a 1.7% gain. Progress in the piecemeal approach to pandemic support packages in the U.S. Read more

XE Market Analysis: Asia - Oct 07, 2020

By: XE Market Analysis

After rallying sharply on Tuesday after Trump canceled stimulus negotiations, then pulling back overnight as Trump offered up targeted stimulus, the Dollar was relatively steady through the N.Y. session on Wednesday. Fresh hopes for stimulus saw Wall Street erase Tuesday's sharp losses, and sent Treasury yields higher. Read more

XE Market Analysis: North America - Oct 07, 2020

By: XE Market Analysis

The dollar and yen fell back against most currencies during the European morning, concurrently with a rally in U.S. equity index futures after Trump tweeted that he is ready to sign-off on a support scheme for airlines (totalling $25 bln), wage protection ($135 bln), and a $1,200 stimulus check. Read more

XE Market Analysis: Europe - Oct 07, 2020

By: XE Market Analysis

The dollar has come off the boil after rallying during the New York afternoon when President Trump abruptly called off talks with the Democrats on further fiscal aid until after the election. This catalysed a bout of risk-off positioning, which featured dollar and yen buying in currency markets. Read more

XE Market Analysis: Asia - Oct 06, 2020

By: XE Market Analysis

The Dollar ended higher in N.Y. trade on Tuesday, though ranges overall were relatively narrow. The DXY bounced modestly from the two-plus week low of 93.35 seen early in the session, to 93.64 during the afternoon session, after Trump said there would be no stimulus package until after the election. Read more

XE Market Analysis: North America - Oct 06, 2020

By: XE Market Analysis

The dollar rebounded after earlier softening, concomitantly with an uncertain tone establishing across European stock markets and with U.S. index futures having reversed earlier gains. The pan-Europe STOXX 600 index was near net unchanged as of the early afternoon session. Read more

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