Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
The Dollar found some traction in N.Y. on Wednesday, seeing the DXY peak at 91.20, up from 90.77 early in the session. A soggy risk backdrop provided some support to the USD, following more than a month of surging global equity markets, which weighed heavily on the Greenback during that time. Read more
The dollar and yen have traded softer against most other currencies as risk appetite picked back up. All three of the principal U.S. equity indices hit all time highs yesterday, with the S&P 500 and Nasdaq closing at record high levels. Their respective futures are showing moderate gains in overnight trading. Read more
The dollar and yen have traded softer against most other currencies as risk appetite picked back up. All three of the principal U.S. equity indices hit all time highs yesterday, with the S&P 500 and Nasdaq closing at record high levels. Their respective futures are showing moderate gains in overnight trading. Read more
Overall, the Dollar was slightly firmer in N.Y. on Tuesday, though traded ranges were narrow, and activity muted. The DXY headed from early lows of 90.79 to a high of 91.01 at mid-morning. Aside from revised Q3 productivity and unit labor cost revisions, which were largely ignored, there was no market moving data released. Read more
The pound has traded softer on Brexit anxiety, but not dramatically so and the currency has remained above lows seen yesterday against the dollar, euro and other currencies. Dollar pairings and cross rates have outside the involvement of sterling, remained directionally unvaried. Read more
Sterling has traded softer on Brexit anxiety, but not dramatically so and the currency has remained above lows seen yesterday against the dollar, euro and other currencies. Dollar pairings and cross rates have outside the involvement of the pound, remained directionally unvaried. Read more
The Dollar showed signs of a rally in overnight trade, though USD sellers quickly emerged at the N.Y. open, taking the DXY from 91.24 highs to 90.71 lows. Brexit uncertainty saw risk-taking levels sink, leaving Wall Street mostly lower, and Treasury yields under pressure. Read more
The dollar and yen found their feet while the pound dropped sharply on no-deal Brexit anxiety, and the dollar bloc currencies put in a rotation lower amid a backdrop of risk-cautious sentiment in global markets. Global stock markets mostly traded lower, as did oil and other commodities. Read more
Currency markets have been directionally uneventful, which is typical in early-week trading, especially in a December. The DXY dollar index has settled above the 32-month low see on Friday at 90.48. The nine-month dollar downtrend resumed over the last month after about a two month hiatus. Read more
The DXY printed fresh 32-month lows of 90.48 in early N.Y. trade on Friday, posting its eighth-consecutive lower daily low in the process. Risk-on conditions prevailed, resulting in some USD selling, though the major driver of recent USD losses appeared to be Covid vaccine hopes, where widespread distribution over the next few months is expected to see the global economy return to near-normalcy, likely to benefit emerging market economies the most. Read more
