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XE Market Analysis: Europe - Feb 05, 2021

By: XE Market Analysis

The DXY dollar index has edged out a fresh two-month high, this time at 91.60, in what is its fifth consecutive up day, underpinned by an improving yield advantage relative to the euro and other peers (with UK gilt yields being the main exception). EUR-USD printed a new two-month low at 1.1952.The 10-year U.S. Read more

XE Market Analysis: Asia - Feb 04, 2021

By: XE Market Analysis

The DXY printed its fourth consecutive higher daily high in N.Y. on Thursday, topping at a fresh one-year peak of 91.58, up from 91.52 at the open. A stronger ADP jobs report, along with a surge in factory orders supported, though the main themes of firmer Treasury yields, upped odds for a massive stimulus bill, and improvements in distributing the Covid vaccine -- leading to a faster economic recovery, all remained in place as USD supportive. Read more

XE Market Analysis: North America - Feb 04, 2021

By: XE Market Analysis

The dollar has posted new highs for a fourth consecutive day, with the DXY index making a two-month peak at 91.48. This is also set to be the fourth week out of the last five weeks the dollar index has ascended. A near 15 bp rise in the U.S. 10-year note over the last week has been a supportive factor for the dollar, along with the 30-year bond yield posting 11-month highs, combined with the vote in the House of Reps yesterday that opens the partisan path for the Democrats massive $1.9 tln relief package. Read more

XE Market Analysis: Europe - Feb 04, 2021

By: XE Market Analysis

The dollar has clocked new highs for a fourth consecutive day, with the DXY index making a two-month peak at 91.36. This is also set to be the fourth week out of the last five weeks the dollar index has ascended. A near 15 bp rise in the U.S. 10-year note over the last week has been a supportive factor for the dollar, along with the 30-year bond yield posting 11-month highs, combined with the vote in the House of Reps yesterday that opens the partisan path for the Democrats massive $1.9 tln relief package. Read more

XE Market Analysis: Asia - Feb 03, 2021

By: XE Market Analysis

The DXY printed its third consecutive day of higher daily highs on Wednesday, with the index topping at two-month highs of 91.31. Gains were later pared, though the USD continued to hold up. Firmer Treasury yields, likely to edge higher still, as odds for the passage of a huge U.S. Read more

XE Market Analysis: North America - Feb 03, 2021

By: XE Market Analysis

The dollar has remained firm amid signs that the Democrats will manage to pass the mammoth $1.9 tln relief bill without the support of the Republicans. And while there has been been positive news from the Covid vaccine rollout front, the EU's mishandling still means that continental Europe will likely lag peers in reducing societal restrictions, which is being expressed by euro underperformance. Read more

XE Market Analysis: Europe - Feb 03, 2021

By: XE Market Analysis

The dollar has largely been consolidating gains seen yesterday, which came amid signs that the Democrats will manage to pass the mammoth $1.9 tln relief bill without the support of the Republicans. There has been positive news from the Covid vaccine rollout front, too, though the EU's mishandling still means that continental Europe will likely lag peers in reducing societal restrictions, which is being expressed by euro underperformance. Read more

XE Market Analysis: Asia - Feb 02, 2021

By: XE Market Analysis

The Dollar was broadly higher again in N.Y. on Tuesday, taking the DXY to two-month highs of 91.28. The turnaround in the USD's fortunes may have been driven by fresh hopes that the U.S. economy will recover more quickly than thought even a couple of weeks ago, as Covid conditions improve, and as the vaccine rollout speeds up. Read more

XE Market Analysis: North America - Feb 02, 2021

By: XE Market Analysis

The dollar DXY index has posted a fresh six-week high at 91.17. EUR-USD concurrently dropped to a fresh two-month low at 1.2032. Dollar firming has been at play, while the euro has been experiencing concurrent underperformance. Yield spread differentials have been shifting back in the dollar's favour, with the U.S. Read more

XE Market Analysis: Europe - Feb 02, 2021

By: XE Market Analysis

The dollar has remained overall buoyant, which saw the DXY index post a fresh six-week high at 91.00. EUR-USD remained concurrently heavy, though remained above yesterday's 1.2054 low, which matched the two-month low that was seen on January 18. Recent declines have reflected both dollar firmness and euro weakness. Read more

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