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XE Market Analysis: North America - Oct 01, 2020

By: XE Market Analysis

The dollar and yen weakened against most currencies, with sterling being the main exception as the UK currency took a sharp rotation lower on Brexit related developments. Cable dove by nearly over 0.6% to a 1.2821 low, while EUR-GBP rallied by nearly 1%. Read more

XE Market Analysis: Europe - Oct 01, 2020

By: XE Market Analysis

The dollar and yen are back in the underperforming lane, with both currencies once again correlating inversely with global stock market direction. The USD index (DXY) is down for a fourth consecutive day in posting a nine-day low at 93.64, while EUR-USD lifted to a high so far at 1.1754, which is 2 pips shy of yesterday's nine-day peak. Read more

XE Market Analysis: Asia - Sep 30, 2020

By: XE Market Analysis

Risk-on conditions surged in N.Y. on Wednesday, resulting in a broadly lower Dollar, as safe-haven flows were partially reversed. Solid U.S. data, including a stronger ADP report, a firm Chicago PMI reading, and a surge in pending home sales all had had little impact on the FX market. Read more

XE Market Analysis: North America - Sep 30, 2020

By: XE Market Analysis

The dollar and yen picked up some safe haven demand during pre-London trading in Asia, though not before printing fresh lows against many currencies in pre-London trading in Asia. Month- and quarter-end factors contributed to some positional chop in currencies and other markets. Read more

XE Market Analysis: Europe - Sep 30, 2020

By: XE Market Analysis

The dollar and yen picked up some safe haven demand during pre-London trading in Asia, though not before printing fresh lows against many currencies. This saw EUR-USD ebb back to a 1.1723 low after earlier printing an eight-day high at 1.1755. EUR-JPY fell back to a low at 123.62 after posting a 12-day peak at 124.26. Read more

XE Market Analysis: Asia - Sep 29, 2020

By: XE Market Analysis

The Dollar was mixed and choppy in N.Y. trade on Tuesday, though the DXY ended the session under the 94.00 mark for the first time in four sessions. EUR-USD printed six-session highs of 1.1745, up from early lows of 1.1693. USD-JPY meanwhile, traded a narrow band between 105.53 and 105.70. Read more

XE Market Analysis: North America - Sep 29, 2020

By: XE Market Analysis

The dollar and yen have continued to soften, especially the latter, even though global stock market rally has once again flagged. EUR-USD posted a six-day high at 1.1699, extending the rebound from the two-month low that was seen last Friday at 1.1612, and EUR-JPY lifted to an eight-day peak at 123.54. Read more

XE Market Analysis: Europe - Sep 29, 2020

By: XE Market Analysis

The dollar and yen are softer, with both currencies continuing to correlate inversely with global stock market direction. EUR-USD posted a four-day high at 1.1684, extending the rebound from the two-month low that was seen last Friday at 1.1612, and EUR-JPY lifted to an eight-day peak at 123.33. Read more

XE Market Analysis: Asia - Sep 28, 2020

By: XE Market Analysis

The Dollar recovered some of its overnight losses in N.Y. on Monday. The DXY has fallen from 94.63 to 94.19 into the N.Y. open, then subsequently topped at 94.42 before settling in near 94.30. For U.S. data, the September Dallas Fed index was better than expected, and may have supported the USD at the margins. Read more

XE Market Analysis: North America - Sep 28, 2020

By: XE Market Analysis

The dollar has softened concurrently with rallying global stock markets, losing most ground to the pound, which surged. The yen pared intraday gains as the equity rally picked up momentum during the European morning session. The USD index (DXY) dropped by 0.5% to within a pip of Friday's low at 94.19, while EUR-USD rebounded to a 1.1665 high after earlier pegging a low at 1.1615. Read more

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