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XE Market Analysis: Europe - Mar 10, 2020

By: XE Market Analysis

A risk-back-on vibe saw the yen weaken and sovereign bond yields rise from record lows as markets re-priced safe haven currencies and assets, while commodity currencies and many developing world currencies rebounded concomitantly with Asian stock markets and many commodities from lows seen yesterday. Read more

XE Market Analysis: Asia - Mar 09, 2020

By: XE Market Analysis

The Dollar index fell to 18-month lows of 94.66 in N.Y. trade on Monday, falling sharply on the back of record low Treasury yields, and severe risk-off conditions. Prospects for further Fed rate cuts will keep the USD under pressure for the time being. Read more

XE Market Analysis: North America - Mar 09, 2020

By: XE Market Analysis

The yen has surged by over 4% versus the commodity bloc currencies -- massive intraday movements by the standards of trading in the prevailing era -- as global markets slammed the risk-off button amid heightening panic about the global economic impact that the COVID-19 virus pandemic is having. Read more

XE Market Analysis: Europe - Mar 09, 2020

By: XE Market Analysis

The yen has surged by over 4% versus the commodity bloc currencies -- massive intraday movements by the standards of trading in the prevailing era -- as global markets slammed the risk-off button amid heightening panic about the global economic impact that the COVID-19 virus pandemic is having. Read more

XE Market Analysis: Asia - Mar 06, 2020

By: XE Market Analysis

The Dollar index fell to a 14-month low of 95.72 in N..Y. trade on Friday. Near-panic conditions prevailed, seeing Treasury yields collapse further, while further Fed rate cuts are priced in. A stronger than expected U.S. February employment provided a modicum of support, though pre-weekend short covering gave the USD a bit of a boost later in the session. Read more

XE Market Analysis: North America - Mar 06, 2020

By: XE Market Analysis

Another day of dollar underperformance, which has been concurrent with a precipitous tumble in U.S. Treasury yields. The COVID-19 virus, while having so far having disrupted some other economies more than the U.S. (China, Japan and South Korea, for instance), is proving to be a leveller of the hitherto relatively robust status of the U.S. Read more

XE Market Analysis: Europe - Mar 06, 2020

By: XE Market Analysis

The dollar has continued to weaken versus most other currencies, correlating with the sharp decline in U.S. Treasury yields. The 10-year T-note yield looks to be on a fast track to catch up with the likes of Bunds and JGB in the negative yielding club, having today printed a fresh record low of 0.815%, dropping some 35 bps since Tuesday, and markedly narrowing the dollar's yield advantage relative to its main peers. Read more

XE Market Analysis: Asia - Mar 05, 2020

By: XE Market Analysis

The Dollar index traded to fresh two-month lows in N.Y. on Thursday, with losses coming on the back of the pricing in of further Fed rate cuts, and Treasury yields diving to new all-time lows. Wall Street gave back Wednesday's sharp gains, as coronavirus fears remained firmly entrenched. Read more

XE Market Analysis: North America - Mar 05, 2020

By: XE Market Analysis

The dollar has come back under pressure versus its major counterparts as the 10-year Treasury yield dropped sharply back under 1.0%. The U.S. currency posted a five-month low against the yen and tracking back to recent trend lows versus the euro, though fared better against the dollar bloc and developing-world currencies. Read more

XE Market Analysis: Europe - Mar 05, 2020

By: XE Market Analysis

Relatively narrow ranges have been seen so far today among the main currencies, which marks something of a contrast by recent choppy standards. The dollar's on-the-fact rebound following the Fed's 50 bp rate cut on Monday, which had been discounted, albeit coming sooner than expected, has run out of steam with positioning in the Fed funds market fully factoring in a follow-up 25 bp easing at the approaching March-18th FOMC meeting, which would wipe out the three quarter-point hikes of 2019. Read more

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