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about 19 days ago

XE Market Analysis: Europe - Jan 03, 2020

By: XE Market Analysis

The yen, and to a lesser degree, the dollar have rallied amid a dash for safe havens following U.S. air strikes that killed the head of Iran's elite Revolutionary Guard's overseas unit. The news also saw gold prices rally by over 1%, and oil prices by over 3%, while stock markets, richly valued after recent gains (Apple shares traded above $300 for the first time yesterday, for instance), declined. Read more

about 20 days ago

XE Market Analysis: Asia - Jan 02, 2020

By: XE Market Analysis

The Dollar chopped around in N.Y. on the first trading day of the year, ultimately edging higher on the session. The DXY peaked at 96.87, up from lows of 96.56 in morning trade. Incoming data was uneventful, with jobless claims a bit higher than expected, and the Markit manufacturing PMI little changed. Read more

about 20 days ago

XE Market Analysis: North America - Jan 02, 2020

By: XE Market Analysis

The dollar has found a footing after coming under pressure over the Christmas week and earlier this week. Liquidity has picked up, though some centres in Asia have remained closed, including Tokyo. The narrow trade-weighted USD index (DXY) has lifted above 96.65, up from the six-month low seen earlier in the week at 96.36. Read more

about 20 days ago

XE Market Analysis: Europe - Jan 02, 2020

By: XE Market Analysis

The dollar has found a footing after coming under pressure over the Christmas week and earlier this week. Liquidity has picked up, though some centres in Asia have remained closed, including Tokyo. The narrow trade-weighted USD index (DXY) has lifted above 96.50, up from the six-month low seen earlier in the week at 96.36. Read more

about 22 days ago

XE Market Analysis: Asia - Dec 31, 2019

By: XE Market Analysis

The Dollar suffered again in N.Y. trade on the last day of the year, leaving the DXY at six-month lows of 96.36, and down from 97.71 in less than a week. Very thin trading conditions likely magnified recent moves, though the reversal of safe-haven USD flows ahead of what is expected to be a positive year for global economies has been the major driver. Read more

about 22 days ago

XE Market Analysis: North America - Dec 31, 2019

By: XE Market Analysis

The dollar posted fresh lows against the euro and, more especially, the yen and other Asian currencies, and the dollar bloc units, which rallied following above-forecast manufacturing PMI data out of China. USD-JPY fell to an 18-day low at 108.62. The Singapore dollar printed an eight-month high versus the dollar, and the Malaysia Ringgit a six-and-a-half-year high. Read more

about 22 days ago

XE Market Analysis: Europe - Dec 31, 2019

By: XE Market Analysis

The yen, other Asian currencies, and dollar block units have rallied following above-forecast manufacturing PMI data out of China. USD-JPY fell to an 18-day low at 108.62. The Singapore dollar printed an eight-month high versus the dollar, and the Malaysia Ringgit a six-and-a-half-year high. Read more

about 23 days ago

XE Market Analysis: Asia - Dec 30, 2019

By: XE Market Analysis

The Dollar headed lower on the second to last trading day of the year (and decade), with ultra-thin liquidity conditions exacerbating FX moves. Incoming data was generally better than expectations, though did little to support the USD. Wall Street fell on year-end profit takings, while Treasury yields moved higher. Read more

about 23 days ago

XE Market Analysis: North America - Dec 30, 2019

By: XE Market Analysis

The dollar has continued to trade softer in thin markets. The narrow trade-weighted USD index (DXY) ebbed to a 17-day low at 96.73 ahead of the European open, since steadying a little above here. The index has racked up a near 1% loss over the last week, which has come as global stock markets rallied to fresh major-trend highs, or record highs in the case of the three principal indices in the U.S. Read more

about 23 days ago

XE Market Analysis: Europe - Dec 30, 2019

By: XE Market Analysis

The dollar has continued to trade softer in thin markets. The narrow trade-weighted USD index (DXY) ebbed to a 17-day low at 96.73. The index has racked up a near 1% loss over the last week, which has come as global stock markets rallied to fresh major-trend highs, or record highs in the case of the three principal indices in the U.S. Read more

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