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XE Market Analysis: Asia - Sep 22, 2020

By: XE Market Analysis

The Dollar firmed again in N.Y on Tuesday seeing the DXY trade on the 94 handle for the first time since late July. The index rallied from 93.58 early in the session to 94.07. Incoming data saw existing home sales in line with expectations, and the Richmond Fed index beating forecasts. Read more

XE Market Analysis: North America - Sep 22, 2020

By: XE Market Analysis

The dollar and yen have remained firm versus most other currencies. Stock markets managed to rebound in Europe after another negative session in Asia, while S&P 500 minis pared overnight losses. EUR-USD printed a seven-week low at 1.1720, and the prevailing bias looks likely to remain bearish. Read more

XE Market Analysis: Europe - Sep 22, 2020

By: XE Market Analysis

The dollar and yen have remained firm but mostly off Monday's highs. The Australian dollar has been the only mover of note out of the main currencies we track, falling to new lows after RBA deputy governor Debelle said that the central bank is watching the currency "carefully" and that forex intervention is a policy option, as is negative interest rates (while stressing that this doesn't mean it's on the table). Read more

XE Market Analysis: Asia - Sep 21, 2020

By: XE Market Analysis

The Dollar had its best day in a while in N.Y trade on Monday, taking tie DXY to six-week highs of 93.78 from overnight lows of 92.75. Safe-haven USD buying was widespread, as global equities melted down on the back of rising virus cases in much of Europe, the lack of progress on U.S. Read more

XE Market Analysis: North America - Sep 21, 2020

By: XE Market Analysis

The dollar and yen rallied, the latter especially so amid safe haven demand as global stock markets and commodity prices turned sharply lower, which in the case of the greenback countervailed concerns about the approaching U.S. election and lower-for-longer Fed policy regime. Read more

XE Market Analysis: Europe - Sep 21, 2020

By: XE Market Analysis

Dollar softness juxtaposed to yen firmness has been the dominant theme in currency markets so far today, which has been concomitant with tumbling global stock markets. USD-JPY dropped 0.4% in pegging a fresh seven-week lows under 104.20. Today racks up as the sixth straight trading day of decline, making this week the third consecutive week of decline. Read more

XE Market Analysis: Asia - Sep 18, 2020

By: XE Market Analysis

The Dollar ended a bit lower overall in N.Y. on Friday, though ranges were narrow, and volumes reportedly light into the weekend. Incoming U.S. data saw the Q2 current account blow out to a 12-year high, though Michigan sentiment was better than expected, and leading indicators were in line with consensus. Read more

XE Market Analysis: North America - Sep 18, 2020

By: XE Market Analysis

The dollar and more especially the yen lifted during the London morning session. EUR-USD dropped back to the lower 1.1800s after pegging a two-day high at 1.1862. Yesterday's five-week low is at 1.1737. A combo of EUR-JPY selling and broader dollar buying facilitated the decline in EUR-USD, which came amid a backdrop of flagging global equity markets. Read more

XE Market Analysis: Europe - Sep 18, 2020

By: XE Market Analysis

The dollar has scraped out a two-day low at 92.82 in the narrow trade-weighted (DXY) index, with EUR-USD concurrently pegging a two-day high at 1.1862, gaining quite sharply from yesterday's five-week low at 1.1737. A steadying in stock markets today has seen the dollar ebb back, after finding safe haven demand during the worst of this week's sharp sell-off across global equity markets. Read more

XE Market Analysis: Asia - Sep 17, 2020

By: XE Market Analysis

Dollar gains seen following the FOMC on Wednesday, and through the overnight Asian session evaporated during London morning trade and through the N.Y. session on Thursday. The DXY stood at about 93.10 just ahead of the Fed, rallied to 93.58 in Asia, later bottoming at 93.06 in N.Y.. Read more

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