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XE Market Analysis: Asia - Sep 16, 2020

By: XE Market Analysis

The dollar headed a bit lower, then reversed course higher following the FOMC announcement, where policy was unchanged, as expected, though moves were modest. USD-JPY dipped from 104.98 to 104.80, then headed to 105.08 highs, as EUR-USD bounced from 1.1830 to 1.1855 before heading to 1.1805 lows. Read more

XE Market Analysis: North America - Sep 16, 2020

By: XE Market Analysis

The dollar has been trading softer into the FOMC announcement. EUR-USD rallied by just over 50 pips from the intraday low in posting a high at 1.1882, nearing yesterday's six-day peak. Dollar weakness has been facilitated by relatively strong gains (0.5%, give or take) in Cable and AUD-USD. Read more

XE Market Analysis: Europe - Sep 16, 2020

By: XE Market Analysis

EUR-USD edged out a five-day low at 1.1829, extending the retreat from yesterday's 1.1901 six-day peak. Expectations for the Fed to present upward revisions to U.S. economic projections at the conclusion of the FOMC meeting today, along with recent signs that the ECB is concerned about the euro, or at least would be if rising EUR-USD trend resumed, has made the market more cautious. Read more

XE Market Analysis: Asia - Sep 15, 2020

By: XE Market Analysis

The Dollar headed mostly higher through the N.Y. morning session on Tuesday, after fading through the overnight session. Decent U.S. data helped sentiment, as the Empire State index rose more than expected. The 0.4% industrial production gain was smaller than expected, but it followed big upward revisions that left August levels that were just modestly short of assumptions. Read more

XE Market Analysis: North America - Sep 15, 2020

By: XE Market Analysis

The dollar softened against its peers amid a background theme of rallying global stock markets. The USD index (DXY) printed a five-day low at 92.79, while EUR-USD concurrently pegged a five-day high at 1.1900. USD-JPY ebbed modestly lower and posted a 15-day low at 105.53. Read more

XE Market Analysis: Europe - Sep 15, 2020

By: XE Market Analysis

The dollar and yen softened against their peers amid a background theme of mostly higher stock markets. The main U.S. equity indexes closed on Wall Street yesterday with gains of over 1%, and S&P 500 mini is up 0.5% in overnight trading. Most Asia stock markets also gained, though some markets, including Japan and Australia, declined. Read more

XE Market Analysis: Asia - Sep 14, 2020

By: XE Market Analysis

The Dollar weakened some in morning N.Y.. trade on Monday, seeing the DXY dip to 92.88 from pre-opening levels of 93.19. There was no data to drive the FX market, though it appeared risk-on conditions for a time at least prompted some safe-haven USD selling. Read more

XE Market Analysis: North America - Sep 14, 2020

By: XE Market Analysis

The dollar has softened against its peers amid a risk-on backdrop on global stock markets. News that University of Oxford/AstraZeneca resumed its phase-3 trial of its candidate vaccine for the coronavirus was taken as a buying cue for stock investors. Read more

XE Market Analysis: Europe - Sep 14, 2020

By: XE Market Analysis

Narrow ranges have been prevailing so far today. A backdrop of rallying stock markets haven't inspired directional impetus in the forex realm. News that University of Oxford/AstraZeneca resumed its phase-3 trial of its candidate vaccine for the coronavirus was taken as a buying cue for stock investors. Read more

XE Market Analysis: Asia - Sep 11, 2020

By: XE Market Analysis

The DXY was modestly higher in N.Y. on Friday, heading from 93.10 lows to 93.38 high in light trade. Warmer August CPI helped USD sentiment, but most major Dollar pairings plied relatively narrow ranges. The greenback found some safe-haven buying into the weekend, as Wall Street squandered early gains. Read more

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