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XE Market Analysis: Asia - Jan 28, 2020

By: XE Market Analysis

The DXY printed near two-month highs of 98.25 in N.Y. trade on Tuesday, with the Dollar finding support on solid incoming U.S. data. Durable orders rose more than expected, while consumer confidence printed better than consensus forecasts as well. The markets took a break from coronavirus panic, allowing Wall Street and Treasury yields to rise, though the situation, in China in particular will be watched like a hawk. Read more

XE Market Analysis: North America - Jan 28, 2020

By: XE Market Analysis

The yen has rebounded during the London morning session after softening in Asia, though remains below highs seen yesterday. Risk-off positioning has cooled off, though investor sentiment clearly remains wary, faced with the epistemological "known unknown" conundrum of how bad and how widespread, and how economically damaging, will the prevailing outbreak of the coronavirus stemming out of China will be. Read more

XE Market Analysis: Europe - Jan 28, 2020

By: XE Market Analysis

The yen and Swiss franc softened, paring some of the safe-haven premiums built up in recent sessions, as the pace of risk-off positioning came off the boil, with Asian stock markets managing to pare intraday losses, although remaining well in the red. Read more

XE Market Analysis: Asia - Jan 27, 2020

By: XE Market Analysis

The Dollar was mostly higher in N.Y. trade on Monday, with gains driven by noted save-haven flows. The uncertainty of the coronavirus threat took U.S. Treasuries sharply higher, while weighing on other risk assets such as oil. Wall Street turned deep into the red, following the path of global equities seen overnight. Read more

XE Market Analysis: North America - Jan 27, 2020

By: XE Market Analysis

Safe-have currencies rose while currencies with a higher beta characteristic, including the dollar block units and developing-world currencies, underperformed. This came amid fears that the coronavirus is growing, with both the number and geographical spread of reported cases increasing, along with evidence that the virus is mutating and more aggressive than the SARS outbreak in 2003. Read more

XE Market Analysis: Europe - Jan 27, 2020

By: XE Market Analysis

Risk-off has taken a grip amid fears that the coronavirus is going likewise, with both the number and geographical spread of reported cases increasing, along with evidence that the virus is mutating and more aggressive than the SARS outbreak in 2003. Market conditions were thinned in Asia with China and Hong Kong, along with South Korea and Australian out for public holidays. Read more

XE Market Analysis: Asia - Jan 24, 2020

By: XE Market Analysis

The Dollar and Yen rallied modestly in N.Y. trade on Friday, with safe-haven buying the main driver into the weekend. Nerves were ramped up some as the coronavirus outbreak appeared to have worsened. More cities on lockdown in China, along with reports that a second U.S. Read more

XE Market Analysis: North America - Jan 24, 2020

By: XE Market Analysis

The yen has steadied at softer levels. There was a general lack of direction in Asian markets while European stock markets and U.S. index futures posted gains. China, Taiwan and South Korea markets were closed for Lunar New Year holidays, with the former two now closed through to the end of next week. Read more

XE Market Analysis: Europe - Jan 24, 2020

By: XE Market Analysis

Narrow ranges have been seen in currency markets in sympathy with directionless trading in stocks and other markets. China, Taiwan and South Korea markets were closed for Lunar New Year holidays, with the former two now closed through to the end of next week. Read more

XE Market Analysis: Asia - Jan 23, 2020

By: XE Market Analysis

The Dollar index touched one-month highs of 97.80 in N.Y. trade on Thursday, though major USD pairings were mixed overall. EUR-USD pulled back to 1.1036 in morning trade, weighed by an ECB meeting which indicated no end in sight to the ultra-easy policy stance. Read more

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