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XE Market Analysis: North America - Jan 22, 2021

By: XE Market Analysis

The dollar has traded mostly firmer up on a safe haven bid with the reflation trade having come to a firm stop. The DXY dollar index lifted moderately to a 90.26 high after basing out at a nine-day low at 90.05. The greenback still lost ground to the euro, which outperformed as market participants continued to adjust to the less dovish than anticipated ECB policy statement of yesterday. Read more

XE Market Analysis: Europe - Jan 22, 2021

By: XE Market Analysis

The dollar has firmed up on a safe haven bid with the reflation trade having come to a firm stop. The DXY dollar index lifted moderately to a 90.26 high after basing out at a nine-day low at 90.05. The U.S. currency gained only marginally against the euro and yen, but racked up gains of around 0.4% to 0.5% against the pound and dollar bloc currencies. Read more

XE Market Analysis: Asia - Jan 21, 2021

By: XE Market Analysis

The Dollar lost modest ground in N.Y. on Thursday, though major USD pairing trading ranges remained relatively narrow. The DXY put in its third-consecutive lower daily low, bottoming at a seven-session base of 90.05. Incoming U.S. data was mostly positive, though initial jobless claims remained elevated. Read more

XE Market Analysis: North America - Jan 21, 2021

By: XE Market Analysis

The DXY dollar index edged out a six-day low at 90.18 in what is now a third consecutive day of lower lows. The main U.S. equity indices on Wall Street clocked fresh record highs yesterday, as did the MSCI Asia-Pacific index today. Europe's Stoxx 600 was showing a 0.5% gain as of the late London morning, though remained just shy of recent 11-month peaks. Read more

XE Market Analysis: Europe - Jan 21, 2021

By: XE Market Analysis

The DXY dollar index edged out a six-day low at 90.25 in what is now a third consecutive day of lower lows, despite both EUR-USD and Cable, while buoyant, remaining below their respective Wednesday highs. USD-JPY, however, printed a two-week low at 103.33, and AUD-USD saw a five-day high. Read more

XE Market Analysis: Asia - Jan 20, 2021

By: XE Market Analysis

The Dollar started Wednesday's session on a slightly firmer footing, though later faded to near unchanged levels on the session. Some consolidation has been noted this week, following better than a week of gains seen once it became apparent the Democrats would control Washington, and likely push for huge fiscal stimulus, aimed at getting the economy back in recovery mode. Read more

XE Market Analysis: North America - Jan 20, 2021

By: XE Market Analysis

The dollar traded softer for a third day amid a backdrop of buoyant global stock markets. The MSCI Asia-Pacific index clocked a fresh record high. The 'looking-past-Covid' reflation trade seems to have stirred, following recent dormancy, aided by the anticipation of a big spending Biden era in the U.S. Read more

XE Market Analysis: Europe - Jan 20, 2021

By: XE Market Analysis

The dollar has traded softer for a third day amid a backdrop of buoyant global stock markets. The MSCI Asia-Pacific index clocked a fresh record high. This followed a positive session on Wall Street, though the main indices there closed below their recent record peaks. Read more

XE Market Analysis: Asia - Jan 19, 2021

By: XE Market Analysis

The Dollar plied a narrow range overall in N.Y. on Tuesday, leaving the DXY between 90.40 and 90.58. There was no data to drive the USD, and some consolidation appeared to be settling in ahead of the inauguration on Wednesday. Ongoing talk of massive fiscal stimulus under the Democrats supported Wall Street, which posted decent gains. Read more

XE Market Analysis: North America - Jan 19, 2021

By: XE Market Analysis

The dollar and yen came under pressure today after rallying yesterday. A bullish sentiment global stock markets has boosted other currencies, particularly the dollar bloc and other cyclical units. The MSCI Asia-Pacific index rose over 1.5% and clocked a new record high, buoyed in the wake of strong GDP and production data out of China yesterday. Read more

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