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XE Market Analysis: North America - Apr 16, 2021

By: XE Market Analysis

The dollar has managed to find a toehold, rising above its prior day high for the first time in nine days today by the measure of the narrow trade-weighted FX index, which printed a three-day high at 91.82. The high marks an extension of the rebound from yesterday's one-month low at 91.49. Read more

XE Market Analysis: Europe - Apr 16, 2021

By: XE Market Analysis

The dollar has managed to find a toehold, rising above its prior day high for the first time in nine days today by the measure of the narrow trade-weighted FX index, which printed a three-day high at 91.82. The high marks an extension of the rebound from yesterday's one-month low at 91.49. Read more

XE Market Analysis: Asia - Apr 15, 2021

By: XE Market Analysis

The Dollar overall ended up little changed overall in N.Y. on Wednesday, though was choppy and largely range bound. The DXY printed a near one-month low ahead of the open, but managed to recover some in late morning trade. Incoming data, aside from a softer industrial production print, was solid, seeing initial jobless claims drop to pandemic lows, while retail sale shot the lights out, rising much more than expected. Read more

XE Market Analysis: North America - Apr 15, 2021

By: XE Market Analysis

The dollar has continued on a softening tack, edging out a fresh four-week low by the measure of the narrow trade-weighted DXY index, at 91.29, extending the correction from the five-month high that was seen just over two weeks ago at 93.44. EUR-USD concurrently edged out a one-month high at 1.1994, while USD-JPY printed a new three-week low at 108.67. Read more

XE Market Analysis: Europe - Apr 15, 2021

By: XE Market Analysis

The dollar edged out a fresh four-week low by the measure of the narrow trade-weighted DXY index, at 91.56, extending the correction from the five-month high that was seen just over two weeks ago at 93.44. EUR-USD concurrently edged out a one-month high at 1.1990, while USD-JPY remained heavy, near its three-week low that was seen yesterday at 108.75. Read more

XE Market Analysis: Asia - Apr 14, 2021

By: XE Market Analysis

The Dollar was softer through the N.Y. session on Wednesday, heading mostly lower despite an uptick in Treasury yields. The relative stability of yields this week has seen profit taking weigh down the Greenback, which had run up starting in late March as Treasury yields soared to 14-month highs on the back of inflation concerns. Read more

XE Market Analysis: North America - Apr 14, 2021

By: XE Market Analysis

The dollar has remained under pressure following the 8 bp drop in the 10-year U.S. Treasury yield yesterday, which came despite above-forecast CPI data. Yields have ticked slightly higher so far today, but remain near one-month lows at this maturity. Markets have evidently bought into the Fed's view that inflation will remain contained beyond the well-flagged burst of base-effect driven rise. Read more

XE Market Analysis: Europe - Apr 14, 2021

By: XE Market Analysis

The dollar has remained under pressure following the 8 bp drop in the 10-year U.S. Treasury yield yesterday, which came despite above-forecast CPI data. Yields have ticked slightly higher so far today, but remain near one-month lows at this maturity. Markets have evidently bought into the Fed's view that inflation will remain contained beyond the well-flagged burst of base-effect driven rise. Read more

XE Market Analysis: Asia - Apr 13, 2021

By: XE Market Analysis

The DXY fell to three-week lows of 91.86 in N.Y. on Tuesday, down from 92.32 highs seen immediately following the warmer U.S. March CPI outcome. Treasury yields headed lower, despite the CPI rise, which ultimately weighed broadly on the Greenback. It appeared a case of sell-the-news set in for the USD, as the bond market's very tame reaction indicated the Fed had done a good job in prepping markets for price increases. Read more

XE Market Analysis: North America - Apr 13, 2021

By: XE Market Analysis

The dollar picked up amid a backdrop of rising stock markets in Asia, which was sparked by respective 30.1% y/y and 38.1% y/y surges in Chinese exports and imports in March -- data affirming a post-pandemic turnaround, with China benefiting from both a 'first in first out' status and a rebound in global activity. Read more

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