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XE Market Analysis: Asia - Jun 04, 2020

By: XE Market Analysis

Thursday was another rough day for the Dollar, as the DXY slipped to new near three-month lows of 96.60, down from opening highs of 97.54. The main driver of USD weakness remains the discounting of the Greenback's save-haven premium. Higher than consensus weekly jobless claims, along with a wider April trade deficit had only limited impact. Read more

XE Market Analysis: North America - Jun 04, 2020

By: XE Market Analysis

The dollar and yen lifted today, benefiting from a correction in recent risk-off positioning in currency markets. This has seen both the dollar and yen recover some lost ground versus most other currencies, with the commodity currency group now playing an underperforming role. Read more

XE Market Analysis: Europe - Jun 04, 2020

By: XE Market Analysis

A correction of recent risk-off positioning has been afoot in currency markets. This has seen both the dollar and yen recover some lost ground versus most other currencies, with the commodity currency group now playing an underperforming role. S&P 500 futures are showing a modest 0.3% loss, while Asia-Pacific markets have mostly posted moderate gains and the main Chinese and Hong Kong indices tipped into the red. Read more

XE Market Analysis: Asia - Jun 03, 2020

By: XE Market Analysis

The DXY hit its lowest level since March 12, printing 97.19 lows, after peaking at 97.62 into the N.Y. open. It was another risk-on session, as incoming data, including the ADP jobs report and factory orders were ugly, but not as bad as had been expected. Read more

XE Market Analysis: North America - Jun 03, 2020

By: XE Market Analysis

More of the same, with the dollar and yen weakening while commodity currencies lead the outperforming pack as stocks and oil prices, and other industrial commodities, continued to rally. A risk-on cocktail of reopening global economies and expectations for further stimulus measures have been underpinning, which are for now offsetting concerns about U.S.-China tensions and the potentially economically disruptive social order disturbances across America. Read more

XE Market Analysis: Europe - Jun 03, 2020

By: XE Market Analysis

More of the same, with the dollar and yen weakening while commodity currencies lead the outperforming pack as stocks and oil prices, and other industrial commodities, continued to rally. A risk-on cocktail of reopening global economies and expectations for further stimulus measures have been underpinning, which are for now offsetting concerns about U.S.-China tensions and the potentially economically disruptive social order disturbances across America. Read more

XE Market Analysis: Asia - Jun 02, 2020

By: XE Market Analysis

The Dollar index hit new near two-month low of 97.43 into the N.Y. open, down from overnight highs of 97.91. Tuesday marked the sixth-consecutive lower daily low. After starting the session on a weaker footing, the USD made up some ground through the morning. Read more

XE Market Analysis: North America - Jun 02, 2020

By: XE Market Analysis

The dollar has remained soft with risk sentiment in global markets holding up. The narrow trade-weighted edged out a new low, at 97.43, which is the lowest level seen since March 16th. EUR-USD has remained buoyant, but has remained below yesterday's 11-week high at 1.1188. Read more

XE Market Analysis: Europe - Jun 02, 2020

By: XE Market Analysis

The dollar has remained soft with risk sentiment in global markets holding up, albeit with a weakening grip. Wall Street finished with modest gains yesterday, while S&P 500 futures are moderately in the negative, and while Asian markets and European index futures have gained, they are up by only a limited extent. Read more

XE Market Analysis: Asia - Jun 01, 2020

By: XE Market Analysis

The DXY fell to 12-week lows of 97.86 in London on Monday, later rallying back to 98.23 into the N.Y. open. Safe-haven USD buying was noted from the lows, following China's announcement it would cut back on agriculture imports from the U.S. Since then, the USD saw some of those flows reverse out of the Greenback as stocks mounted a modest recovery. Read more

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