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XE Market Analysis: Europe - Aug 19, 2020

By: XE Market Analysis

The pound has printed a fresh trend high against the dollar, at 1.3268, which is the loftiest level since December. The catalyst was much warmer than anticipated UK July inflation data, with headline CPI rising to a rate of 1.0% y/y from 0.6% y/y and with core CPI spike to a rate of 1.8% y/y from 1.5% y/y. Read more

XE Market Analysis: Asia - Aug 18, 2020

By: XE Market Analysis

The DXY hit a 27-month low of 92.13 at mid-morning in N.Y. on Tuesday, down from 92.56 into the open. USD selling interest has perked up for the past few session, as the market frets over the lack of progress being made on the COVID front in the U.S., which has clouded the economic outlook, not withstanding the sharply higher housing starts data today. Read more

XE Market Analysis: North America - Aug 18, 2020

By: XE Market Analysis

The dollar has continued to weaken, which pushed the USD index (DXY) to a new 27-month low at 92.48. EUR-USD correspondingly rose to a 12-day peak at 1.1915, which is just 2 pips shy of the pair's 27-month peak. Cable rallied by 0.5% in making a 12-day high at 1.3175, while EUR-GBP reversed most of the gains it saw yesterday in making a 0.9035 low. Read more

XE Market Analysis: Europe - Aug 18, 2020

By: XE Market Analysis

The dollar continued to soften, which pushed the USD index (DXY) to a low at 92.53, which is 1 pip shy of the 27-month low that was seen on August 6th. EUR-USD correspondingly rose to a 12-day peak at 1.1904, which is 13 pips shy of the pair's 27-month peak. Read more

XE Market Analysis: Asia - Aug 17, 2020

By: XE Market Analysis

The Dollar was lower to start the week in N.Y. with persistent USD weakness coming from various crosscurrents, including the lack of a stimulus bill, COVID uncertainty, and political uncertainty ahead of the November elections. The DXY hit a low of 92.78, down from 93.10 highs ahead of the open. Read more

XE Market Analysis: North America - Aug 17, 2020

By: XE Market Analysis

The narrow trade-weighted USD index edged out a 10-day low at 92.89. EUR-USD correspondingly whittled out a 10-day peak at 1.1869, while Cable traded firmer from Friday's closing level, but remained comfortably shy of Friday's high at 1.3144. USD-JPY ebbed to a six-day low at 106.22. Read more

XE Market Analysis: Europe - Aug 17, 2020

By: XE Market Analysis

The narrow trade-weighted USD index edged out a 10-day low at 92.92. EUR-USD correspondingly whittled out a 10-day peak at 1.1869. Cable traded firmer from Friday's closing level but remained comfortably shy of Friday's high at 1.3144. USD-JPY ebbed to within 3 pips of Friday's six-day low at 106.43. Read more

XE Market Analysis: Asia - Aug 14, 2020

By: XE Market Analysis

The Dollar lost modest ground in N.Y. trade on Friday. though trading ranges were narrow overall. Incoming data was largely strong, though traders generally overlooked the better than expected retail sales data, and a decent production report that helped confirm the Q3 recovery scenario. Read more

XE Market Analysis: North America - Aug 14, 2020

By: XE Market Analysis

The main currencies have settled in narrow ranges, with the dollar consolidating above yesterday's lows after a two-day decline. The USD index (DXY) has steadied in the lower 93.0s, above yesterday's one-week low at 92.93. EUR-USD has concurrently reached a stasis near 1.1800, below Thursday's one-week peak at 1.1865. Read more

XE Market Analysis: Europe - Aug 14, 2020

By: XE Market Analysis

The main currencies have settled in narrow ranges, with the dollar consolidating above yesterday's lows after a two-day decline. The USD index (DXY) has steadied in the lower 93.0s, above yesterday's one-week low at 92.93. EUR-USD has concurrently reached a stasis in the lower 1.1800s, below Thursday's one-week peak at 1.1865. Read more

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