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XE Market Analysis: Asia - Jun 01, 2020

By: XE Market Analysis

The DXY fell to 12-week lows of 97.86 in London on Monday, later rallying back to 98.23 into the N.Y. open. Safe-haven USD buying was noted from the lows, following China's announcement it would cut back on agriculture imports from the U.S. Since then, the USD saw some of those flows reverse out of the Greenback as stocks mounted a modest recovery. Read more

XE Market Analysis: North America - Jun 01, 2020

By: XE Market Analysis

The dollar and yen reversed course and picked up safe haven demand after China upper the ante in its game of risk with the U.S. by withdrawing purchases for some American farm products, according to a Bloomberg report. The likes of EUR-USD, Cable and AUD-USD consequently turned lower. Read more

XE Market Analysis: Europe - Jun 01, 2020

By: XE Market Analysis

Both the dollar and yen weakened against a backdrop of rallying stock markets in the Asia-Pacific region. There was relief in markets that U.S. President Trump left the trade deal with China intact as he outlined on Friday measures against China following its ratification of the controversial Hong Kong security law. Read more

XE Market Analysis: Asia - May 29, 2020

By: XE Market Analysis

After falling to two-plus month lows of 97.95 overnight, the DXY recovered to 98.50 through the N.Y. session on Friday. It appeared that broad week and month-end buying was the main driver. For the data, the goods trade deficit widened, while personal income soared 10.5%, on government transfers (PPP). Read more

XE Market Analysis: North America - May 29, 2020

By: XE Market Analysis

The yen has strengthened amid a sputtering price action in global equity markets, while the dollar, despite this backdrop, underperformed, including against commodity currencies. USD-JPY fell nearly 0.5% in posting an 11-day low at 107.08. EUR-JPY ebbed by about 0.3%, retracing around a half of yesterday's rally in making a low at 118.18, which had produced a two-month high at 119.42. Read more

XE Market Analysis: Europe - May 29, 2020

By: XE Market Analysis

The yen has strengthened as risk-off sentiment took a grip, while the dollar, despite this backdrop, underperformed. USD-JPY fell nearly 0.5% in posting an 11-day low at 107.08. EUR-JPY ebbed by about 0.3%, retracing around a half of yesterday's rally in making a low at 118.18, which had produced a two-month high at 119.42. Read more

XE Market Analysis: Asia - May 28, 2020

By: XE Market Analysis

The Dollar fell for the third straight session, leaving the DXY at two-month lows of 98.37, down from 99.97 highs seen on Monday. An improving outlook for reopening the economy amid general risk-on conditions, has continued to see safe-haven USD positions unwind. Read more

XE Market Analysis: North America - May 28, 2020

By: XE Market Analysis

The dollar and yen have remained weak, albeit in the context of narrow ranges so far today. Global markets remain, overall, in risk-on mood, though geopolitical tensions about the Hong Kong issue saw the Hang Seng and main Chinese stock indices decline. Read more

XE Market Analysis: Europe - May 28, 2020

By: XE Market Analysis

The dollar and yen have remained weak, albeit in the context of narrow ranges so far today. Global markets remain, overall, in risk-on mood, though geopolitical tensions about the Hong Kong issue have seen the Hang Seng and main Chinese stock indices decline. Read more

XE Market Analysis: Asia - May 27, 2020

By: XE Market Analysis

The DXY headed lower into the N.Y. open on Wednesday, weighed down by risk-on conditions, which took the bid out of the safe-haven Dollar. Buyers stepped back in after the open, as Wall Street turned mixed. There was little in the way of data, though the Richmond Fed index, while still in negative territory, perked up more than expected. Read more

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