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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

XE Market Analysis: Europe - Apr 22, 2020

By: XE Market Analysis

Outside a jump in the Aussie most currencies have been stable so far today, holding relatively narrow ranges against a backdrop of steadying stock markets. The MSCI Asia-Pacific equity index still edged out a two-month low, though the main indices in China and South Korea managed to recover into the black during their PM sessions. Read more

XE Market Analysis: Asia - Apr 21, 2020

By: XE Market Analysis

The Dollar dipped some in early N.Y. trade on Tuesday, later bouncing back modestly later in the session. Narrow ranges were in place through the session. Wall Street was hit hard again on uncertain earnings outlooks, and the deepening of the oil price rout. Read more

XE Market Analysis: North America - Apr 21, 2020

By: XE Market Analysis

Currencies have once again adopted a risk-off positioning formation as global stock and commodity markets tumble. The yen, closely followed by the dollar, have taken the lead in the outperforming pack while the commodity currencies have taken a lead in the underperforming group. Read more

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

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