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XE Market Analysis: Asia - Oct 16, 2020

By: XE Market Analysis

The Dollar was under modest pressure early in the N.Y. session on Friday, which saw the DXY slip from London highs of 93.88, to a low of 93.54 after the open. Risk-on was in vogue again, which weighed on the USD, though sharply higher U.S. retail sales saw a modest reversal higher from there. Read more

XE Market Analysis: North America - Oct 16, 2020

By: XE Market Analysis

The dollar and yen continued to hold firm, although both softened as European stock markets and U.S. equity index futures rose moderately. There remains a tremulous vibe in global markets in the face of a plethora of risks -- billowing new Covid cases, especially in Europe, and associated trend toward increasingly stringent countermeasures, an increasingly bleak near-tern outlook for a much-needed fiscal stimulus package in the U.S., the risk of the upcoming U.S. Read more

XE Market Analysis: Europe - Oct 16, 2020

By: XE Market Analysis

More of the same with the dollar and yen holding firm and with the pound and the Australian dollar remaining notable weakening currencies. Global stock markets are tremulous in the face of a plethora of risks -- billowing new Covid cases, especially in Europe, and associated trend toward increasingly stringent countermeasures, an increasingly bleak near-tern outlook for a much-needed fiscal stimulus package in the U.S., the risk of the upcoming U.S. Read more

XE Market Analysis: Asia - Oct 15, 2020

By: XE Market Analysis

The Dollar firmed up overnight and retained a bid tone Through the N.Y. session on Thursday. Risk-off conditions prevailed, resulting in safe-haven USD buying. Surging Covid cases in many parts of the globe, along with fading hopes for new stimulus and uncertainty over the U.S. Read more

XE Market Analysis: North America - Oct 15, 2020

By: XE Market Analysis

The dollar and yen have been in demand again as safe haven currencies, while the Australian, along with the the pound and euro, to lessening degrees of magnitude, have been the principal weakening currencies so far today. European stock markets are down heavily, the STOXX 600 index by over 2%, and the S&P E-mini is off by nearly 1%. Read more

XE Market Analysis: Europe - Oct 15, 2020

By: XE Market Analysis

A decline in the Australian dollar interrupted any otherwise directionally limited phase in currency markets. RBA Governor Lowe, in a speech, signalled that a cut in the cash rate to 0.1% and an easing in the 3-year yield target, along with a rise in longer dated government bonds, are on the cards. Read more

XE Market Analysis: Asia - Oct 14, 2020

By: XE Market Analysis

The Dollar headed lower into the open, and through late morning, as modest risk-on conditions prevailed. Wall Street opened with small gains, though ultimately turned fairly sharply lower on myriad concerns, including rising Covid cases, uncertainty over the economic outlook, the U.S. Read more

XE Market Analysis: North America - Oct 14, 2020

By: XE Market Analysis

There have been mixed direction themes so far today, with the dollar ebbing back after earlier posting fresh highs against many currencies, while the pound dropped quite sharply and then rebounded quite sharply, buffeted by Brexit endgame dramas. EUR-USD lifted back toward the mid 1.1700s after posting a nine-day low at 1.1719. Read more

XE Market Analysis: Europe - Oct 14, 2020

By: XE Market Analysis

The pound is under pressure, and is showing about a 0.5% decline on the day so far against the dollar and yen, and about a 0.4% decline versus the euro. It's the eve of the EU summit. Boris Johnson said that the "shape" of a deal must be visible by tomorrow, which is a deadline set in fudging language. Read more

XE Market Analysis: Asia - Oct 13, 2020

By: XE Market Analysis

The Dollar was broadly higher in N.Y. on Tuesday, taking the DXY to 93.50 highs from early lows of 93.13. Risk-off conditions saw safe-haven demand for the USD pick up. Wall Street took a breather, posting losses after soaring on Monday. News of J&J's pausing of their Covid vaccine trial weighed, while the market cooled to chances of a new stimulus package before the November election. Read more

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