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XE Market Analysis: Asia - Mar 05, 2021

By: XE Market Analysis

The DXY hit three-month highs of 92.19 in early trade on Friday following the jobs report. While it may be too soon to get on board the recovery train, the February jobs report significantly beat forecasts and supports the Fed view that the economy is picking up the pace faster than expected after a year of suffering from the pandemic and economic shutdowns. Read more

XE Market Analysis: North America - Mar 05, 2021

By: XE Market Analysis

The dollar has continued to ascend on the back of a favourable shift in yield differentials. While the 10-year T-note yield has settled at moderately lower levels, under 1.55%, after pushing above 1.580% yesterday, the yield remains up by over 60 bp on the year to date. Read more

XE Market Analysis: Europe - Mar 05, 2021

By: XE Market Analysis

The dollar has continued to ascend on the back of a continued rise in Treasury yields. The 10-year T-note yield has settled near 1.560% after pushing above 1.580% yesterday. The yield is up over 63 bp on the year to date. The dollar, as gauged by the DXY index, earlier posted a 10-week high at 91.77, which marks a 2.3% gain from last week's low. Read more

XE Market Analysis: North America - Mar 04, 2021

By: XE Market Analysis

The dollar has traded firmer on the back of the revived perkiness in Treasury yields over the last day. The 10-year T-note yield was showing a 1.7bp decline, at 1.468%, as of the late London morning session, though remains up by over 6 bp on the week. Read more

XE Market Analysis: Europe - Mar 04, 2021

By: XE Market Analysis

The dollar has traded firmer on the back of perky Treasury yields over the last day, although a dip in yields today has eroded some of the greenback's upside impetus. The 10-year T-note yield was showing a 2.3bp decline, at 1.462%, as of the early London session, though remains up by over 5 bp on the week. Read more

XE Market Analysis: Asia - Mar 03, 2021

By: XE Market Analysis

The Dollar was largely range bound through the N.Y. session on Wednesday, pushing slightly higher overall in morning trade, later fading some before steadying near mid-range. There was little FX reaction to the incoming data, where the ADP jobs report missed the mark, while the services ISM was light of expectations as well. Read more

XE Market Analysis: North America - Mar 03, 2021

By: XE Market Analysis

The dollar has seen a down-and-up price action, ebbing during the Asian session into the London interbank open and then rebounding during the European morning, concomitantly with a rebound in the dollar as U.S. Treasury yields shifted higher amid the backdrop of rallying stock markets. Read more

XE Market Analysis: Europe - Mar 03, 2021

By: XE Market Analysis

The dollar's prevailing bias has switched to softening against a backdrop of buoyant stock markets and steady Treasury yields. The DXY dollar index ebbed to a low for the week at 90.67, correcting gains that yesterday left a one-month high at 91.39, while EUR-USD posted a high for the week at 1.2107, having recouped from yesterday's dabble under 1.2000. Read more

XE Market Analysis: Asia - Mar 02, 2021

By: XE Market Analysis

Risk-off conditions in Asia saw the Dollar rally, though European stocks rallied, and Wall Street largely retained Monday's sharp gains, resulting in the safe-haven USD ease lower through the N.Y. session. The DXY had printed a near four-week high of 91.39 overnight, though later bottomed at 90.75 after the London close. Read more

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