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XE Market Analysis: Asia - Oct 14, 2020

By: XE Market Analysis

The Dollar headed lower into the open, and through late morning, as modest risk-on conditions prevailed. Wall Street opened with small gains, though ultimately turned fairly sharply lower on myriad concerns, including rising Covid cases, uncertainty over the economic outlook, the U.S. Read more

XE Market Analysis: North America - Oct 14, 2020

By: XE Market Analysis

There have been mixed direction themes so far today, with the dollar ebbing back after earlier posting fresh highs against many currencies, while the pound dropped quite sharply and then rebounded quite sharply, buffeted by Brexit endgame dramas. EUR-USD lifted back toward the mid 1.1700s after posting a nine-day low at 1.1719. Read more

XE Market Analysis: Europe - Oct 14, 2020

By: XE Market Analysis

The pound is under pressure, and is showing about a 0.5% decline on the day so far against the dollar and yen, and about a 0.4% decline versus the euro. It's the eve of the EU summit. Boris Johnson said that the "shape" of a deal must be visible by tomorrow, which is a deadline set in fudging language. Read more

XE Market Analysis: Asia - Oct 13, 2020

By: XE Market Analysis

The Dollar was broadly higher in N.Y. on Tuesday, taking the DXY to 93.50 highs from early lows of 93.13. Risk-off conditions saw safe-haven demand for the USD pick up. Wall Street took a breather, posting losses after soaring on Monday. News of J&J's pausing of their Covid vaccine trial weighed, while the market cooled to chances of a new stimulus package before the November election. Read more

XE Market Analysis: North America - Oct 13, 2020

By: XE Market Analysis

The dollar and to a lesser extent the yen shifted higher on a bout of risk-off positioning. News that Johnson & Johnson hit the pause button on its Covid vaccine trial due to an "unexplained illness" in one of the participants was the catalyst. There are a plethora of other candidate vaccines at advanced trial stages, but the news nonetheless sparked a rush for cover before tapering off. Read more

XE Market Analysis: Europe - Oct 13, 2020

By: XE Market Analysis

The dollar is higher as risk-off positioning takes a grip in early European markets following news that Johnson & Johnson has hit the pause button on its Covid vaccine trial due to an "unexplained illness" in one of the participants. There are a plethora of other candidate vaccines at advanced trial stages, but the news nonetheless sparked a rush for cover. Read more

XE Market Analysis: North America - Oct 12, 2020

By: XE Market Analysis

The dollar and yen lifted moderately against most other currencies, breaking their usual inverse correlation with stock markets, which rallied in Europe and Asia. The biggest losers out of the main currencies were the pound and the Australian dollar, which were both showing declines of about 0.3%-0.4% at the lows. Read more

XE Market Analysis: Europe - Oct 12, 2020

By: XE Market Analysis

The dollar has been holding mostly steady and narrow ranges, though the yuan stirred things up by falling nearly 0.5% at its lows. This yuan's weakness came after the PBoC removed a bank reserve requirement on yuan forward contracts, which signalled that policymakers may have been concerned about the currency's recent gains. Read more

XE Market Analysis: Asia - Oct 09, 2020

By: XE Market Analysis

The Dollar was under pressure on Friday, leaving the DXY at three-week lows of 93.04, and three straight sessions of losses. Risk-on conditions again prevailed into the weekend, as hopes were raised for a stimulus package after Trump said he was on board with a $1.8 tln aid package. Read more

XE Market Analysis: North America - Oct 09, 2020

By: XE Market Analysis

The dollar has tracked lower amid a backdrop of overall buoyant stock markets. EUR-USD posted a three-day high at 1.1803, drawing in on the 18-day high seen on Tuesday at 1.1809. The pair needs to close out today above 1.1718-19 to rack this up as a second consecutive up week. Read more

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