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XE Market Analysis: Europe - Apr 21, 2020

By: XE Market Analysis

The dollar and yen have traded firmer against most other currencies amid a risk-off environment. Asia stock markets have seen their biggest single-day sell-off in a month, with the MSCI Asia-Pacific index losing over 2%. S&P 500 futures were showing a loss of 0.7% after the cash version of the index closed out yesterday 1.8% for the worse, though price action has been whippy in the overnight session. Read more

XE Market Analysis: Asia - Apr 20, 2020

By: XE Market Analysis

The Dollar was range bound in N.Y. on Monday, losing modest ground through the morning before perking up some after the London close. There was no data of significance. Wall Street fell, driven by the historic route in oil prices, which saw the May WTI contract print a negative $40/bbl. Read more

XE Market Analysis: North America - Apr 20, 2020

By: XE Market Analysis

Oil currencies have come under pressure concomitantly with crude prices hitting 21-year lows, while most dollar pairings and associated crosses have been trading in comparatively narrow ranges amid a backdrop of sputtering stock markets. Most of the main Asian equity indices are showing losses of varying degrees, though Chinese markets bucked the trend with moderate gains, while European equities fell and S&P 500 futures posted losses of over 1.5%. Read more

XE Market Analysis: Europe - Apr 20, 2020

By: XE Market Analysis

Oil currencies have come under pressure concomitantly with crude prices hitting 21-year lows, while most dollar pairings and associated crosses have been trading in comparatively narrow ranges amid a backdrop of sputtering stock markets. Most of the main Asian equity indices are showing losses of varying degrees, though Chines markets bucked the trend with moderate gains, while S&P 500 futures are down 0.4%. Read more

XE Market Analysis: Asia - Apr 17, 2020

By: XE Market Analysis

The Dollar eased on Friday, as some of the gains seen earlier in the week came undone due to pre-weekend position squaring. Hopes for virus treatments, and the beginnings of plans to unlock economies resulted in risk-on conditions, lifting Wall Street, which also weighed on USD safe-haven demand. Read more

XE Market Analysis: North America - Apr 17, 2020

By: XE Market Analysis

The dollar more than reversed out of intraday declines during the London AM session. The narrow trade-weighted USD index lifted out of a 99.85 and tested yesterday's eight-day high at 100.29, while EUR-USD dropped back to a 10-day low at 1.0813. The dollar also advanced against the pound, and the commodity currencies, breaking its inverse correlation with global stock market direction, which have rallied after U.S. Read more

XE Market Analysis: Europe - Apr 17, 2020

By: XE Market Analysis

The dollar has traded mostly softer amid a backdrop of risk-back-on sentiment, sparked by U.S. President Trump saying that U.S. states can reopen in a three-staged process, joining a number of other countries that are already amid the first, cautious phase of unlocking their economies. Read more

XE Market Analysis: Asia - Apr 16, 2020

By: XE Market Analysis

The Dollar index rose over the 100 mark for the first time in a week, topping at 100.29 in afternoon trade. Dismal incoming U.S. data kept the safe-haven USD bid through much of the session. Jobless claims were up another 5+ mln. March Housing starts and the April Philly Fed index were sharply lower as well. Read more

XE Market Analysis: North America - Apr 16, 2020

By: XE Market Analysis

Relatively narrow ranges have been prevailing so far today in currency markets, into early interbank trading in Europe. The dollar has retained a bid, edging out fresh highs against the Australian and Canadian dollars, though remaining shy of the highs seen yesterday against the euro and pound. Read more

XE Market Analysis: Europe - Apr 16, 2020

By: XE Market Analysis

Relatively narrow ranges have prevailing so far today in currency markets, into early interbank trading in Europe. The dollar has retained a bid, edging out fresh highs against the Australian and Canadian dollars, though remaining shy of the highs seen yesterday against the euro and pound. Read more

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