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XE Market Analysis: Asia - Jun 12, 2020

By: XE Market Analysis

The DXY headed to highs of the week in N.Y. on Friday, topping at 97.24, up from early lows of 96.63. Data saw May import prices and the University of Michigan sentiment index rise more than expected , which appeared to have supported the Dollar to a degree, as well as Wall Street. Read more

XE Market Analysis: North America - Jun 12, 2020

By: XE Market Analysis

The dollar and yen fell back during the London morning after earlier posting fresh highs. Risk appetite picked up, reflected by a rebound in stock markets in Europe, and in S&P 500 and Nasdaq future, which with respective gains of around 2% and 1.5% retraced about a third of yesterday's regular-session decline. Read more

XE Market Analysis: Europe - Jun 12, 2020

By: XE Market Analysis

The dollar and yen posted fresh highs against most other currencies, although managed to pare losses as the pre-London session in the Asia-Pacific region progressed, with U.S. equity index futures managing about a 1% rebound after closing sharply lower on Wall Street yesterday. Read more

XE Market Analysis: Asia - Jun 11, 2020

By: XE Market Analysis

After falling early in the session, the Dollar put in a modest recovery through the remainder of the session, taking the DXY from 96.01 to 96.67 highs. Incoming data included jobless claims, which were close to expectations, and May PPI, which saw the headline number rise more than expected. Read more

XE Market Analysis: North America - Jun 11, 2020

By: XE Market Analysis

The dollar and yen rallied on a safe haven bid after a downbeat Fed provided the spark to catalyze a correction in asset markets. The narrow trade-weighted USD index posting a two-day high at 96.49, recouping from yesterday's three-month low at 95.98. Read more

XE Market Analysis: Europe - Jun 11, 2020

By: XE Market Analysis

The dollar and yen have rallied on a safe haven bid after a realistically downbeat Fed provided the spark to catalyse a correction in asset markets. The narrow trade-weighted USD index posting a two-day high at 96.46, recouping from yesterday's three-month low at 95.98. Read more

XE Market Analysis: Asia - Jun 10, 2020

By: XE Market Analysis

The DXY was modestly lower in N.Y. morning trade, though inside of relatively narrow ranges ahead of the FOMC. Following the policy announcement, the Dollar edged initially higher, then fell following the FOMC announcement, where no policy changes were made, as-expected. Read more

XE Market Analysis: North America - Jun 10, 2020

By: XE Market Analysis

The dollar pared intraday losses as European stock markets declined and U.S. equity index futures tipped lower, reversing overnight gains. A combo of lofty valuations and the proximity of the Fed policy announcement later today, which if nothing else is likely to reaffirm that further central bank stimulus is unlikely (unless the recovery from April's economic nadir falters), elicited a position-trimming mood in markets. Read more

XE Market Analysis: Europe - Jun 10, 2020

By: XE Market Analysis

The dollar has traded softer, though remained above recent lows against most currencies. Stock markets have remained buoyant, but with waning momentum. The Nasdaq hit a fresh record high, while the MSCI Asia-Pacific index hit a fresh three-month high today, and though upside momentum flagged, S&P 500 and Nasdaq futures were still showing gains of 0.3% and 0.4%, as of the early London session. Read more

XE Market Analysis: Asia - Jun 09, 2020

By: XE Market Analysis

The DXY hit a fresh three-month low in N.Y. on Tuesday, bottoming at 96.23, down from 96.80 at the open, and from the 98.32 highs seen on June 1. Lower Treasury yields, and weak data appeared to weigh on the USD. Wholesale sales along with a near million drop in the JOLTS job openings were the culprits. Read more

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