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XE Market Analysis: Europe - Feb 03, 2020

By: XE Market Analysis

The dollar has traded moderately firmer, in context of overall narrow ranges among the main currencies. Chinese markets reopened from their one-week-plus hiatus and stock markets there duly dove in catch-up trading. The CSI 300 finished with a 7.9% loss, while the MSCI Asia-Pacific index declined by 0.9% in what is now an eighth consecutive day of losses and reaching two-month lows. Read more

XE Market Analysis: Asia - Jan 31, 2020

By: XE Market Analysis

The Dollar index fell to nine-session lows of 97.40 in N.Y. on Friday, down from overnight highs of 97.97. Incoming data was mostly USD negative, as person income, and Chicago PMI outcomes missed the mark, while Michigan sentiment was better than forecasts. Read more

XE Market Analysis: North America - Jan 31, 2020

By: XE Market Analysis

The yen lifted as risk aversion re-emerged during the London morning after a somewhat non-committal session in Asia. European stock markets came under pressure while S&P 500 futures racked up a loss of over 0.5%. The UK reported its first test-positive cases of the novel coronavirus, and increasingly draconian measures are being announced in attempts to contain the spread. Read more

XE Market Analysis: Europe - Jan 31, 2020

By: XE Market Analysis

Risk-off positioning in currencies came to an uncertain pause, amid a backdrop of sputtering stock markets amid continuing concerns about the spread of the coronavirus in and out of China, and the economic-damaging impact that efforts to contain the contagion is having. Read more

XE Market Analysis: Asia - Jan 30, 2020

By: XE Market Analysis

After printing six-consecutive higher daily highs, the DXY pulled back some in N.Y. trade on Thursday. The Greenback perked up slightly following the in-line U.S. GDP and jobless claims outcomes, though headed mostly lower from there. Month-end related USD selling was noted, though coronavirus related save-haven flows into the Dollar, should limit downside going forward. Read more

XE Market Analysis: North America - Jan 30, 2020

By: XE Market Analysis

Risk-of positioning has driven the yen and Swiss franc higher while weighing on the dollar bloc and many developing-world currencies. Reported cases of the coronavirus outbreak continues to rise, and the economic consequences of the measures being taken to limit the contagion (extended Chinese holiday, drastic cuts in travel, among others), have dominated in market narratives so far today. Read more

XE Market Analysis: Europe - Jan 30, 2020

By: XE Market Analysis

Risk-of positioning has driven the yen and Swiss franc higher while weighing on the dollar bloc and many developing-world currencies. Reported cases of the coronavirus outbreak continues to rise, and the economic consequences of the measures being taken to limit the contagion (extended Chinese holiday, drastic cuts in travel, among others), have dominated in market narratives so far today. Read more

XE Market Analysis: Asia - Jan 29, 2020

By: XE Market Analysis

FX trade was quiet ahead of the FOMC announcement, with narrow ranges holding for the major USD pairings. The dollar firmed up ever so slightly following the Fed announcement, where there were no changes to policy, as widely expected. USD-JPY edged to session highs of 109.25 from just under 109.20, as EUR-USD dipped to 1.0998 from 1.1005, though still above its earlier trend low of 1.9892. Read more

XE Market Analysis: North America - Jan 29, 2020

By: XE Market Analysis

The yen and Swiss franc settled at softer levels amid a paring back in risk-off positioning. Markets are monitoring the coronavirus situation closely, and have found some comfort from the increasingly extensive efforts of China and other nations to contain its spread. Read more

XE Market Analysis: Europe - Jan 29, 2020

By: XE Market Analysis

The yen and Swiss franc have settled at softer levels amid a paring back in risk-off positioning. Markets are monitoring the coronavirus situation closely, and have found some comfort from the increasing extensive efforts of China and other nations to contain its spread. Read more

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