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XE Market Analysis: North America - Dec 18, 2020

By: XE Market Analysis

The dollar has found its feet, concomitantly with global equity markets coming off the boil. Some market narratives have pinned this on news that Pfizer will under-deliver vaccine doses to the U.S. next week, though the Moderna vaccine will reportedly win FDA approval today. Read more

XE Market Analysis: Europe - Dec 18, 2020

By: XE Market Analysis

The dollar has found its feet, concomitantly with global equity markets coming off the boil. Some market narratives have pinned this on news that Pfizer will under-deliver vaccine doses to the U.S. next week, though the Moderna vaccine will reportedly win FDA approval today. Read more

XE Market Analysis: Asia - Dec 17, 2020

By: XE Market Analysis

The Dollar fell to new trend lows on Thursday in N.Y., taking the DXY to 89.76, the first time under the 90.00 mark since April of 2018. Prospects for another fiscal stimulus package, along with a "lower for longer" Fed, and negative real U.S. interest rates will likely continue to result in further USD losses as we look to 2021. Read more

XE Market Analysis: North America - Dec 17, 2020

By: XE Market Analysis

The dollar posted fresh trend lows as the '2021 reflation trade' ensued. The MSCI Asia-Pacific index hit a new record high, as did S&P 500 futures, while Europe's Stoxx 600 posted a nine-month high. Commodities gained, with Brent oil prices posting new nine-month highs above $51.00, while base metals rallied, although prices remained off recent trend highs. Read more

XE Market Analysis: Europe - Dec 17, 2020

By: XE Market Analysis

The dollar posted fresh trend lows as the '2021 reflation trade' ensued. The MSCI Asia-Pacific index hit a new record high, as did S&P 500 futures. Commodities gained, with Brent oil prices posting new nine-month highs above $51.00, while base metals rallied, although prices remained off recent trend highs. Read more

XE Market Analysis: Asia - Dec 16, 2020

By: XE Market Analysis

FX trade was quiet ahead of the FOMC in N.Y. on Wednesday, with the USD moving slightly higher through the morning session. The Dollar headed to session highs following the FOMC announcement, which saw no change in interest rates, as widely expected, though made no changes to its asset purchase program. Read more

XE Market Analysis: North America - Dec 16, 2020

By: XE Market Analysis

The dollar has seen a renewed decline, which has come amid a backdrop of risk-on positioning in global markets with investors not waiting to participate in the '2021 reflation trade'. The DXY dollar index dropped to a new 32-month low at 90.13. EUR-USD concurrently rallied above 1.2200 for the first time since April 2018. Read more

XE Market Analysis: Europe - Dec 16, 2020

By: XE Market Analysis

The DXY dollar index has remained heavy, testing the 32-month low at 90.43. EUR-USD has concurrently been holding firm, though has remained off its 32-month highs at 1.2177-78. USD-JPY, now amid its fourth down day out of the last five, has ebbed to a five-week low at 103.42. Read more

XE Market Analysis: Asia - Dec 15, 2020

By: XE Market Analysis

The Dollar edged lower in N.Y. trade on Tuesday, seeing the DXY match the 32-month low of 90.42 printed on Monday. FX trade was quiet overall, and activity will likely continue to shrink into the end of the year. Risk-on conditions weighed on the safe-haven USD, as equities rallied on renewed hopes for a fiscal stimulus package, and as Covid vaccines are being rolled out. Read more

XE Market Analysis: North America - Dec 15, 2020

By: XE Market Analysis

Narrow ranges have been prevailing among the main dollar pairings and associated cross rates. This has been seen against a backdrop of sputtering global stock markets. Data showing Chinese industrial production rising 7.0% y/y in November, a 20-month high, along with a rise retail sales, didn't have much impact. Read more

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