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XE Market Analysis: North America - Oct 02, 2020

By: XE Market Analysis

The yen and pound outperformed other currencies, the former finding safe haven demand amid pronounced risk-off positioning theme in global markets on news that President Trump, along with the First Lady and White House public relations counsellor, have tested positive for Covid, and the latter finding support from Brexit news. Read more

XE Market Analysis: Europe - Oct 02, 2020

By: XE Market Analysis

The yen has rallied versus other currencies amid a pronounced risk-off positioning theme in global markets on news that President Trump, along with the First Lady and White House public relations counsellor, have tested positive for Covid. S&P 500 E-minis are 1.4%, and Asian stock markets and European equity index futures have also taken a hit. Read more

XE Market Analysis: Asia - Oct 01, 2020

By: XE Market Analysis

The Dollar fell into the N.Y. open on Thursday, though later made up some ground following some pretty decent U.S. data. The DXY partially recovered from the eight-session lows of 93.533 seen into the open, later topping at 93.90. The ADP jobs report was considerably better than expected, while continuing jobless claims fell sharply, and construction spending bounced. Read more

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

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