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XE Market Analysis: Europe - Nov 04, 2020

By: XE Market Analysis

Risk aversion on a closer than expected U.S. election, along with Trump agitating the process with claims that his rivals are attempting to manipulate the results, has driven the dollar higher on a safe haven bid, while U.S. Treasuries have surged, driving the 10-year T-note yield down by 12 bp. Read more

XE Market Analysis: Asia - Nov 03, 2020

By: XE Market Analysis

The Dollar fell in N.Y. trade on Tuesday, taking the DXY to four-session lows of 93.29 from 93.64 at the open. Risk-on conditions saw safe-haven USD flows unwind pretty much across the board. Wall Street rallied sharply, with short covering a driver into the U.S. Read more

XE Market Analysis: North America - Nov 03, 2020

By: XE Market Analysis

The correction in the dollar and yen intensified as market participants made a quick retreat from risk-off positioning. The risk-sensitive AUD-USD and AUD-JPY have been the biggest gainers out of the most traded currencies, with both showing gains of comfortably over 1% at their highs. Read more

XE Market Analysis: Europe - Nov 03, 2020

By: XE Market Analysis

Narrow ranges have been prevailing, with the risk event of today's U.S. election have a deterring effect on forex market activity. The DXY dollar index ebbed back under the 94.00 level after printing a five-week high yesterday at 94.29, with EUR-USD concurrently lifting above 1.1600, extending a so far moderate rebound from yesterday's five-week low at 1.1623. Read more

XE Market Analysis: Asia - Nov 02, 2020

By: XE Market Analysis

After losing some ground overnight, the Dollar recovered some through the N.Y. morning session on Monday. The DXY fell from a one-month high of 94.28 to 93.98 into the open, subsequently bouncing modestly to 94.18. Incoming U.S. data was supportive, which saw the manufacturing ISM improve more than expected. Read more

XE Market Analysis: North America - Nov 02, 2020

By: XE Market Analysis

The dollar been traded mixed in early week, early month trading. EUR-USD recovered above 1.1650 after pegging a five-day low at 1.1624. France and Germany are now in one-month lockdowns, and many other Eurozone and European nations are now operating under much tighter restrictions. Read more

XE Market Analysis: Europe - Nov 02, 2020

By: XE Market Analysis

The pound is in decline as markets react to weekend news that the UK will be heading into a one-month lockdown from this Thursday, which could be extended according to senior cabinet minister Gove. Germany and France have started one-month lockdowns, while tight restrictions are being imposed in many other European countries. Read more

XE Market Analysis: Asia - Oct 30, 2020

By: XE Market Analysis

The Dollar firmed up on Friday ahead of week- and month-end. Risk-off conditions supported safe-haven flows into the USD. Incoming data was better then expected, with income, consumption, Chicago PMI and Michigan sentiment all beating forecasts. Wall Street took another dive, as big-tech led the move lower on mixed earnings. Read more

XE Market Analysis: North America - Oct 30, 2020

By: XE Market Analysis

The dollar has steadied after rallying in recent days, which has helped EUR-USD find a footing after tumbling to a one-month low at 1.1650 yesterday. EUR-JPY, however, fell to a near-four-month low, and GBP-JPY to a fresh one-month low, even though USD-JPY has remained above the five-week low it saw yesterday at 104.03. Read more

XE Market Analysis: Europe - Oct 30, 2020

By: XE Market Analysis

The dollar has steadied after rallying in recent days, which has helped EUR-USD find a footing after tumbling to a one-month low at 1.1650 yesterday. EUR-JPY, however, fell to a near-four-month low, and GBP-JPY to a fresh one-month low, even though USD-JPY has remained above the five-week low it saw yesterday at 104.03. Read more

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