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XE Market Analysis: North America - Sep 25, 2020

By: XE Market Analysis

The dollar rose during the European morning, though remained below highs seen yesterday against most currencies. This occurred against a backdrop of steepening stock market losses in Europe, as rich valuations clash with evolving realities as Covid cases surge, along with associated restrictions and localized lockdowns. Read more

XE Market Analysis: Europe - Sep 25, 2020

By: XE Market Analysis

The dollar settled off its Thursday highs in narrow range trading into the London interbank open. EUR-USD saw a less than 15-pip range around 1.1665-75, holding above the two-month low that was seen yesterday at 1.1626. Cable saw a similar price action. Read more

XE Market Analysis: Asia - Sep 24, 2020

By: XE Market Analysis

The Dollar index printed new two-month highs of 94.59, later easing back to 94.27. USD profit taking set in as risk appetite shifted to positive from negative, after Treasury Secretary Mnuchin indicated further stimulus talks with Speaker Pelosi could be in the cards in the coming days. Read more

XE Market Analysis: North America - Sep 24, 2020

By: XE Market Analysis

The dollar gained for a fourth consecutive day. Global stock markets and commodity prices are sputtering, with yesterday's rebound failing to sustain. EUR-USD made an eight-week low at 1.1633. USD-JPY lifted above 105.50, while most yen crosses have traded lower. Read more

XE Market Analysis: Europe - Sep 24, 2020

By: XE Market Analysis

The dollar is up for a fourth consecutive day, and the yen also gained in lockstep versus other currencie. The biggest losers were the dollar bloc and other commodity-correlating currencies, along with many developing world currencies, in what is a classic risk-off positioning pattern. Read more

XE Market Analysis: Asia - Sep 23, 2020

By: XE Market Analysis

The DXY printed two-month highs of 94.30 in N.Y. morning trade on Wednesday, rallying early in the session before turning sideways. Today marked the third straight day of USD gains, which largely came on the back of safe-haven demand. Growing virus threats in Europe, weighing on growth prospects there, along with general market angst on politics, and the uncertain upcoming November election have driven USD inflows. Read more

XE Market Analysis: North America - Sep 23, 2020

By: XE Market Analysis

The dollar pulled back a little after posting fresh highs. This saw EUR-USD lift back above 1.1700 after earlier posting fell to an eight-week low at 1.1673. A strong rebound in global stock markets is putting pressure back on the dollar and giving EUR-USD buoyancy, although with the ECB having engaged in a form of verbal intervention and with many European nations implementing the tightest restrictions since the March-April lockdowns amid a surge in positive coronavirus test results across the region, upside potential for EUR-USD may be limited. Read more

XE Market Analysis: Europe - Sep 23, 2020

By: XE Market Analysis

The yen has been trading mixed today. USD-JPY edged above 105.00, while EUR-JPY and other yen crosses have traded softer. AUD-JPY fell by 0.5%, foraying further into 10-week low terrain, as expectations for another RBA rate cut cement in markets, which has been concomitant with recent declines in iron ore and other commodity prices. Read more

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

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