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XE Market Analysis: North America - Mar 27, 2020

By: XE Market Analysis

The dollar declined and then recovered some of its losses, which saw the narrow trade-weighted USD index (DXY) print a nine-day low at 99.15 before recouping levels back above 99.50 . At the lows, the index was showing a correction of 3.2% from the 38-month high that was seen last week, which can be credited to the Fed's ultra aggressive dollar printing activity. Read more

XE Market Analysis: Europe - Mar 27, 2020

By: XE Market Analysis

The dollar declined and then recovered some of its losses, which saw the narrow trade-weighted USD index (DXY) print a nine-day low at 99.15 before recouping levels back above 99.40 . At the lows, the index was showing a correction of 3.2% from the 38-month high that was seen last week, which can be credited to the Fed's ultra aggressive dollar printing activity. Read more

XE Market Analysis: Asia - Mar 26, 2020

By: XE Market Analysis

The Dollar was lower across the board in N.Y. trade on Thursday. The unwinding of huge flows seen into the USD over the past couple of weeks related to virus related safe-haven buying has been driven by huge Fed stimulus, and the passing of the Congressional virus aid package. Read more

XE Market Analysis: North America - Mar 26, 2020

By: XE Market Analysis

Dollar weakness emerged as the dominant theme in currency markets, even against the commodity currencies amid a risk-off backdrop, while managed to rebound from weakness seen during the early part of Asia-Pacific session trading today. AUD-USD, for instance, printed a two-day low at 0.5780 in Sydney before recouping a big figure to a 0.5881 high. Read more

XE Market Analysis: Europe - Mar 26, 2020

By: XE Market Analysis

..and, back to a risk-averse trading pattern in currencies after a couple of days of reprieve, with the yen back to outperformance and commodity and developing-world currencies to underperformance. The dollar has firmed up against the latter two groups, but has lost ground to the yen and even the euro thanks to the Fed's spigot of unlimited greenbacks that is keeping the U.S. Read more

XE Market Analysis: Asia - Mar 25, 2020

By: XE Market Analysis

The DXY firmed in N.Y. morning trade on Wednesday, peaking at 101.87, before easing back to 101.24. The index has posted three consecutive sessions of lower daily highs, which have likely come following stimulus measures including Dollar swap lines from the Fed to G7 countries, which have reduced the demand for USD in the FX market. Read more

XE Market Analysis: North America - Mar 25, 2020

By: XE Market Analysis

The commodity and many developing world currencies pared gains against the dollar, yen and Swiss franc. The pound also continued to outperform for a second day. Asian stock markets rallied after the DJIA equity index posted its biggest single-day rally on Wall Street since 1933, though European markets gave up early gains, while S&P 500 futures ebbed back, and were showing a 0.8% decline as of the late London AM session. Read more

XE Market Analysis: Europe - Mar 25, 2020

By: XE Market Analysis

The commodity and many developing world currencies have continued to rebound, while the dollar, yen and Swiss franc have traded generally softer. This comes with Asian stock markets rallying after the DJIA equity index posted its biggest single-day rally on Wall Street since 1933. Read more

XE Market Analysis: Asia - Mar 24, 2020

By: XE Market Analysis

The Dollar pulled back overnight, leaving the DXY at 101.07 into the N.Y. open on Tuesday. From there, USD demand returned, taking the index back over 102.10. Hopes for a Senate coronavirus stimulus package buoyed Wall Street, with major indices up near 10% intra day. Read more

XE Market Analysis: North America - Mar 24, 2020

By: XE Market Analysis

Currencies have been moving in a risk-on formation, with the dollar, yen and Swiss franc weakening against most other currencies, with the commodity and many developing-world currencies outperforming. This came with S&P 500 futures rallying strongly, by over 5% to more than reverse the 2.9% closing loss the cash version of the index saw yesterday on Wall Street. Read more

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