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XE Market Analysis: Asia - Apr 27, 2020

By: XE Market Analysis

After falling to one-week lows of 99.83 overnight, the DXY headed modestly higher to 100.18 through the N.Y. morning session. As has been the case of late, trading ranges were narrow relative to the wild swings seen in March. There was no noteworthy data on tap Monday. Read more

XE Market Analysis: Europe - Apr 27, 2020

By: XE Market Analysis

The Australian dollar has outperformed while the U.S. dollar has underperformed amid a backdrop of rising stock markets in Asia. The narrow trade-weighted USD index dropped 0.5% in making a one-week low at 99.86, while EUR-USD concomitantly posted a five-day high at 1.0860, putting in some more distance from the one-month low that was seen last week at 1.0726. Read more

XE Market Analysis: Asia - Apr 24, 2020

By: XE Market Analysis

The Dollar traded slightly lower in London morning dealings, before steadying inside of narrow ranges through the N.Y. session. The DXY ranged between 100.25 and 100.49 through the U.S. session. Markets continued to look through the data, as March durable orders slid much more than expected, but had little impact on the FX market. Read more

XE Market Analysis: North America - Apr 24, 2020

By: XE Market Analysis

The dollar pared intraday gains and most currency pairings were showing a net movement of less than 0.2% on the day heading into the New York interbank market opening. European stock markets pared intraday losses of over 2%, with the pan-region Stoxx 600 showing a 0.5% loss as of the early PM session. Read more

XE Market Analysis: Europe - Apr 24, 2020

By: XE Market Analysis

The dollar has traded firmer amid a backdrop of souring risk appetite after EU leaders yesterday signed-off the finance minister's agreement on immediate crisis measures but failed to come up with a deal on a trillion Eurozone recovery fund. This, along with news in the U.S. Read more

XE Market Analysis: Asia - Apr 23, 2020

By: XE Market Analysis

The Dollar index fell through the morning as risk-on conditions prevailed, later rallying as Wall Street gave back the bulk of early gains. The DXY bottomed at 100.06, from 100.63 before peaking at 100.57. Jobless claims rose another 4.2 mln, but had little market impact. Read more

XE Market Analysis: North America - Apr 23, 2020

By: XE Market Analysis

The euro has weakened against the dollar and most other currencies as the markets digested the magnitude of decline in preliminary April PMI survey data out of the Eurozone. The manufacturing sector dropped to 33.6 from 44.5 in March, while services sector collapsed to just 11.7 from 26.4 in the moth prior. Read more

XE Market Analysis: Europe - Apr 23, 2020

By: XE Market Analysis

The Australian dollar rebounded out of a post-PMI data dip, aided by a generally risk-on sentiment in Asia-Pacific markets today, which followed the bullish vibe on Wall Street, where another massive U.S. coronavirus relief package and a rebound in oil prices have helped buoy stock markets. Read more

XE Market Analysis: Asia - Apr 22, 2020

By: XE Market Analysis

The Dollar was again range bound in N.Y. on Wednesday, though did manage small gains overall. Risk-on conditions returned, with Wall Street higher as oil prices rebounded, and as hopes for at least a partial unlocking of the country set in. There was little in the way of incoming data but for FHFA house prices, which had no market impact. Read more

XE Market Analysis: North America - Apr 22, 2020

By: XE Market Analysis

Most currencies have been holding relatively narrow ranges against a backdrop of steadying stock markets. The Australian dollar was an exception, and to a lesser extend the pound, with both managing to bounce, partially recouping losses seen during the first two days of the week. Read more

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