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XE Market Analysis: Asia - Oct 28, 2020

By: XE Market Analysis

The Dollar rose through the London mornings session into early N.Y. trade before sputtering a bit lower through the remainder of the session. The DXY climbed from overnight lows of 93.05 to 93.64, before easing back to 93.37 lows. USD buying was triggered overnight, as equity markets sold off on the back of soaring Covid cases around the globe. Read more

XE Market Analysis: North America - Oct 28, 2020

By: XE Market Analysis

The dollar and yen are higher on safe haven positioning, and bitcoin hit its best level in almost three years, while European and the dollar bloc currencies came under pressure alongside many currencies from the newly developed and developing world. U.S. Read more

XE Market Analysis: Europe - Oct 28, 2020

By: XE Market Analysis

The dollar and yen are higher on safe haven positioning, and bitcoin hit its best level in almost three years. U.S. Treasuries have remained underpinned as liquid capital seeks harbour, with the dollar holding up despite a 10bp drop in the 10-year T-note yield since last Thursday, which has seen the U.S. Read more

XE Market Analysis: Asia - Oct 27, 2020

By: XE Market Analysis

The Dollar maintained a slightly easier bias in N.Y. on Tuesday, though trading ranges were relatively narrow overall. The DXY fell from the 93.13 highs seen overnight, later basing at 92.79 in early afternoon. Incoming data saw durable orders rise more than expected, housing prices beat expectations, and the Richmond Fed index improve more than forecasts. Read more

XE Market Analysis: North America - Oct 27, 2020

By: XE Market Analysis

The dollar lifted in London trading after seeing intraday weakness during the pre-Europe session in Asia. U.S. equity index futures have managed modest gains after the S&P 500 closed with a 1.9% loss yesterday, though investor sentiment in global markets remains decidedly restive. Read more

XE Market Analysis: Europe - Oct 27, 2020

By: XE Market Analysis

The dollar firmed up into the London open and beyond, paring declines seen earlier in pre-Europe trading in Asia. The move drove gold and oil prices lower, too, indicating there has been some depth in dollar buying, although the magnitude of movement hasn't been great. Read more

XE Market Analysis: Asia - Oct 26, 2020

By: XE Market Analysis

The Dollar was firmer in N.Y. on Monday, with safe-haven flows into the unit driven by extreme risk-off conditions. The DXT topped at 93.11 in late morning, up from 93.92 into the open. Wall Street was crushed on renewed Covid fears, as infections spike around the country, and by near-zero chances for a Fiscal stimulus package by next week's elections. Read more

XE Market Analysis: North America - Oct 26, 2020

By: XE Market Analysis

The dollar, pound and Australian dollar rose against most other peer currencies, with the euro, Canadian dollar and, to a lesser extent, the yen among the weakening pack. This came against a backdrop of nervous asset markets. S&P 500 futures were showing a 0.9% decline as of the late London morning, European stock markets off sharply (Germany's DAX by just over 2%), and most commodity markets were lower, too. Read more

XE Market Analysis: Europe - Oct 26, 2020

By: XE Market Analysis

The dollar is firmer against a backdrop of tumbling global stock markets as an ongoing surge in new positive tests for Covid in Europe and the U.S., and the course toward tighter restrictions, dulls the economic outlook. The U.S. and France set new records for positive tests for the coronavirus, while Spain announced a state of emergency. Read more

XE Market Analysis: Asia - Oct 23, 2020

By: XE Market Analysis

The Dollar moved modestly higher through the morning session, buoyed by safe-haven buying as Wall Street fell on dimming expectations for a new stimulus bill anytime soon. The two sides remain far apart on some items, like aid to states. The DXY rallied from opening lows of 92.67, later peaking at 92.96. Read more

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