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XE Market Analysis: Europe - Jun 23, 2020

By: XE Market Analysis

The news flow today caused a brief risk-off burst in Asia-Pacific markets followed by a sharp recovery. In currencies, this transpired as a bout of dollar and yen outperformance alongside a sharp drop in risk-sensitive currencies such as the Australian dollar, followed by a quick reversal. Read more

XE Market Analysis: Asia - Jun 22, 2020

By: XE Market Analysis

A largely risk-on N.Y. session on Monday weighed on the Dollar as safe-haven flows were reversed, seeing the DXY pull back from Friday's three-week high of 97.72, to a low of 97.01. Wall Street headed moderately higher after opening in the red, while Treasury yields were little changed. Read more

XE Market Analysis: North America - Jun 22, 2020

By: XE Market Analysis

The dollar dropped back after a short-lived pop higher at the open in Asia-Pacific trading today, inversely correlating with a 0.7%-plus rally in S&P 500 futures, which pointed to an opening gain on Wall Street that would more than reverse Friday's losses. Read more

XE Market Analysis: Europe - Jun 22, 2020

By: XE Market Analysis

The risk-sensitive currencies rebounded from early losses, as stocks in the Asia-Pacific region lifted out of early losses, for the most part, while S&P 500 futures managed gains of 0.5%, wiping out the decline seen during the regular Wall Street session on Friday. Read more

XE Market Analysis: Asia - Jun 19, 2020

By: XE Market Analysis

The Dollar was mostly higher in N.Y. trade on Friday, causing the DXY to rally to near three-week highs of 97.71, after opening at 97.16. The only U.S. data were Q1 current account figures, which saw the deficit narrow slightly, though had no market impact. Read more

XE Market Analysis: North America - Jun 19, 2020

By: XE Market Analysis

The dollar has been trading mostly narrow ranges against most other currencies, though gained again the pound, which came under fresh pressure, extending a two-week phase of underperformance that the UK currency has been seeing. Cable printed an 18-day low at 1.2378, while EUR-GBP posted a three-week high at 0.9050, which is within 6 pips of 12-week high territory. Read more

XE Market Analysis: Europe - Jun 19, 2020

By: XE Market Analysis

Narrow ranges have been prevailing among dollar pairings and cross rates against a backdrop of uncertainty in global markets. Most stock markets have lifted out of lows over the last day, though many indices still remain below highs seen earlier in the week. Read more

XE Market Analysis: Asia - Jun 18, 2020

By: XE Market Analysis

Major Dollar pairings were mostly higher in N.Y. on Thursday, with safe-haven demand driving the DXY to two-week highs of 97.58 from morning lows of 97.24. The Greenback's move higher came on fresh safe-haven buying following a much better Philly Fed index bounce, though a significantly higher than expected jobless claims print, and on increasing concerns over the spread of coronavirus both in the U.S. Read more

XE Market Analysis: North America - Jun 18, 2020

By: XE Market Analysis

The dollar has been mostly steady, though lost modest ground to the yen, which found a moderate safe haven bid during the Tokyo session, while gaining ground against the pound during the London morning, into the BoE policy announcement. The UK currency racked up losses of over 0.4% against the dollar and euro, and most other peers, with Cable printing a three-day low at 1.2499 and EUR-GBP lifting into three-day high terrain above 0.9000. Read more

XE Market Analysis: Europe - Jun 18, 2020

By: XE Market Analysis

The yen edged higher against most other currencies on a moderate safe haven bid as global equity markets continued a sputtering price action. A tussle between glass-half-full and glass-half-empty viewpoints continues to play out in global markets. In question is the scope for richly valued asset prices to sustain amid signs that reopening economies are causing a second-wave of coronavirus infections, with the surge in new cases in several U.S. Read more

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