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XE Market Analysis: Asia - Jun 01, 2021

By: XE Market Analysis

The Dollar started the shortened U.S. week on a softer footing, despite firmer Treasury yields, and decent incoming data. The DXY slipped to 89.66 lows after peaking at 89.92 overnight. The USD later reversed modestly higher in late morning, early afternoon trade. Read more

XE Market Analysis: North America - Jun 01, 2021

By: XE Market Analysis

The dollar's softening bias has remained in play, with the DXY USD index earlier pegging a six-day low at 89.72 while EUR-USD edged out a six-day high at 1.2241, despite the 10-year Treasury yield lifting back above 1.62%. USD-JPY, meanwhile, has recouped back above 109.50, and Cable has breached January highs on route to posting a 38-monht peak at 1.4247. Read more

XE Market Analysis: Europe - Jun 01, 2021

By: XE Market Analysis

The dollar's weakening bias has remained in play, with the DXY USD index earlier pegging a six-day low at 89.72 while EUR-USD edged out a six-day high at 1.2241, despite the 10-year Treasury yield lifting back above 1.62%. USD-JPY, meanwhile, has recouped back above 109.50, and Cable has breached January highs on route to posting a 38-monht peak at 1.4247. Read more

XE Market Analysis: North America - May 31, 2021

By: XE Market Analysis

The dollar majors have been directionally unambitious with both UK and U.S. markets out for public holidays today. The yuan saw some action, however, falling back after the PBoC fixed the currency at its highest level against the dollar since May 2017. Read more

XE Market Analysis: Asia - May 28, 2021

By: XE Market Analysis

The Dollar rose overnight, taking the DXY to two-week highs of 90.44 in early N.Y. The USD showed little reaction to the warmer PCE deflator print, or the generally better trade, Chicago PMI and Michigan sentiment outcomes. After the early round of data, the Greenback faded to near session lows, as profit taking ahead of the long Memorial Day weekend set in. Read more

XE Market Analysis: North America - May 28, 2021

By: XE Market Analysis

The dollar has remained underpinned by a rise in longer-dated Treasury yields, with the 10-year T-note yield lifting to the 1.61-62% area, up about 6-7 bp from the midweek lows. News that U.S. President Biden will present his $6 tln lifted Treasury yields. Read more

XE Market Analysis: Europe - May 28, 2021

By: XE Market Analysis

The dollar has remained underpinned by a rise in longer-dated Treasury yields, with the 10-year T-note yield lifting above 1.62%, up about 7 bp from the midweek lows. News that U.S. President Biden will present his $6 tln (which includes the near $2 tln for pandemic relief, and the $4 tln for a decade long infrastructure and social spending plan) lifted Treasury yields and gave stock markets a boost, despite Biden's administration indicating that it is aiming to make a capital gains tax increase retroactive to April. Read more

XE Market Analysis: Asia - May 27, 2021

By: XE Market Analysis

The Dollar firmed up in morning trade, pulled back some, then turned modestly higher at mid-session. Moves were modest, leaving the DXY inside a 90.09 to 89.92 trading range. Incoming data were mixed, seeing a miss in durable orders and pending home sales, while revised GDP was unchanged from the preliminary release, a but light of expectations. Read more

XE Market Analysis: North America - May 27, 2021

By: XE Market Analysis

The dollar lifted to a one-week high by the measure of the DXY index, at 90.18, extending the rebound from the four-month low that was seen on Tuesday at 89.54. This comes with 10-year Treasury yields having ticked higher, back towards 1.60% from yesterday's lows near 1.55%, which were lowest levels since 22 April. Read more

XE Market Analysis: Europe - May 27, 2021

By: XE Market Analysis

The dollar has lifted to a one-week high by the measure of the DXY index, at 90.18, extending the rebound from the four-month low that was seen on Tuesday at 89.54. This comes with 10-year Treasury yields ticking higher, despite a well absorbed 5-year auction yesterday, after falling to the lowest level since 22 April. Read more

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