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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

XE Market Analysis: Asia - Oct 29, 2020

By: XE Market Analysis

Despite the largely risk-on backdrop in N.Y. on Thursday, the Dollar rallied broadly. Solid incoming data appeared to have a bit of a delayed reaction from the FX market, as Q3 GDP beat consensus forecasts, as did the weekly jobless claims figures. The DXY rallied to one-month highs of 94.10, up from overnight lows of 93.34. Read more

XE Market Analysis: North America - Oct 29, 2020

By: XE Market Analysis

The dollar and more especially the yen rebounded from intraday weakness. EUR-USD inched towards yesterday's low at 1.1717, with the pair at levels prevailing in the late London morning showing a modest 20-pip-plus (approx) decline on yesterday's low. EUR-JPY was down quite sharply, putting the cross below the 122.00 level for the first time since mid July, tracking other yen crosses as the Japanese currency found renewed safe haven demand. Read more

XE Market Analysis: Europe - Oct 29, 2020

By: XE Market Analysis

The dollar and yen have softened after rallying strongly yesterday on safe haven demand. Short-term speculative participants and others accumulated large long exposures in these currencies, particularly in yen crosses such as CAD-JPY, and there has naturally been some impetus to book profits with U.S. Read more

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