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XE Market Analysis: North America - Feb 19, 2020

By: XE Market Analysis

The yen has taken a tumble with global markets once again finding optimism from news of a slight decline in coronavirus cases in China, along with the stimulus measures being enacted. USD-JPY rallied by over 0.5% in making a nine-month peak at 110.43. Read more

XE Market Analysis: Europe - Feb 19, 2020

By: XE Market Analysis

The yen has ebbed back after rising yesterday, with global markets once again finding optimism from news of a slight decline in coronavirus cases in China, although official data is being viewed with a good degree of scepticism by most. Asian stock markets lifted, and U.S. Read more

XE Market Analysis: Asia - Feb 18, 2020

By: XE Market Analysis

The Dollar rallied in N.Y. on Tuesday, taking the DXY to four-plus month highs of 99.47. The index was driven higher by EUR-USD's drop to new 34-month lows of 1.0786. A much better than expected Empire State index supported the Greenback early in the session, while renewed coronavirus concerns likely resulted in fresh demand for Treasuries, also a positive for the Dollar. Read more

XE Market Analysis: North America - Feb 18, 2020

By: XE Market Analysis

The yen and Swiss franc firmed as risk-off positioning took a grip after Apple warned that it would missed Q1 revenue guidance, pointing to a slow rebound in factory output in China and forcing a rethinking on the likely impact that the measures being taken to stem contagion of the coronavirus have been having. Read more

XE Market Analysis: Europe - Feb 18, 2020

By: XE Market Analysis

The yen and Swiss franc firmed as risk-off positioning took a grip after Apple warned that it would missed Q1 revenue guidance, pointing to a slow rebound in factory output in China and forcing a rethinking on the likely impact that the measures being taken to stem contagion of the coronavirus have been having. Read more

XE Market Analysis: North America - Feb 17, 2020

By: XE Market Analysis

The dollar and most other currencies have been stable in quiet early-week trading so far. This came with the main Chinese equity indices posting 2%-plus gains after China's Finance Minister said on Sunday that Beijing would roll out targeted and phased tax and fee cuts and with the PBoC lowering one of its interest rates and making another liquidity injection. Read more

XE Market Analysis: Europe - Feb 17, 2020

By: XE Market Analysis

The dollar and most other currencies have been stable in quiet early-week trading so far. This came with the main Chinese equity indices posting 2%-plus gains after China's Finance Minister said on Sunday that Beijing would roll out targeted and phased tax and fee cuts and with the PBoC lowering one of its interest rates and making another liquidity injection. Read more

XE Market Analysis: Asia - Feb 14, 2020

By: XE Market Analysis

The DXY printed its ninth-straight higher daily high on Friday, though eased back through the session on profit taking activity. Incoming U.S. data saw in-line retail sales and industrial production, slightly firmer than expected import prices and a better than expected University of Michigan consumer sentiment index. Read more

XE Market Analysis: North America - Feb 14, 2020

By: XE Market Analysis

The dollar posted fresh highs against the euro and Swiss franc, while most other pairings remained steady, within ranges seen on Thursday. EUR-USD printed a fresh 34-month low at 1.0827, and is set for its biggest two-week loss since July 2019. The new low is the product of a prevailing phase of euro underperformance, which has built on a recent phase of dollar firmness. Read more

XE Market Analysis: Europe - Feb 14, 2020

By: XE Market Analysis

The euro posted fresh lows against the dollar and other currencies, while both the safe haven yen and Swiss franc lost yesterday's bid as the daily increment of new coronavirus cases in China fell back alongside narratives that are downplaying yesterday's jump in total reported cases in Hubei province as being just a reclassification. Read more

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