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XE Market Analysis: Asia - Apr 09, 2021

By: XE Market Analysis

FX trade was quiet in N.Y. on Friday, though the Dollar, after edging higher early, later lost ground. Hotter than expected March PPI, and accompanying higher Treasury yields lifted the Greenback early in the session, though the DXY later faded to near lows of the week on light profit taking into the weekend, perhaps driven by yields coming off their highs into the close. Read more

XE Market Analysis: North America - Apr 09, 2021

By: XE Market Analysis

The dollar has rebounded after printing fresh lows yesterday, which has been concomitant with the 10-year U.S. Treasury yield vaulting back above 1.670% after yesterday posting a two-week low just under the 1.630% mark. The DXY dollar index lifted to a rebound high of 92.33 from the 17-day low that was logged at 92.0. Read more

XE Market Analysis: Europe - Apr 09, 2021

By: XE Market Analysis

The dollar has steadied after printing fresh lows yesterday, which has been concomitant with the 10-year U.S. Treasury yield lifting back above 1.650% after yesterday posting a two-week low just under the 1.630% mark. The DXY dollar index has lifted to around 90.30 from the 17-day low that was logged at 92.0. Read more

XE Market Analysis: Asia - Apr 08, 2021

By: XE Market Analysis

The Dollar was mostly lower in N.Y. trade on Thursday, leaving the DXY at near three-week lows of 92.00, down from 92.30 ahead of the open, and 92.48 highs in Asia. Disappointing weekly jobless claims weighed on the USD, as did softening Treasury yields. Read more

XE Market Analysis: North America - Apr 08, 2021

By: XE Market Analysis

The dollar has remained above yesterday's lows, as measured by the DXY index, which printed a 16-day low at 92.14 yesterday. The index since clocked a rebound high at 92.50 before ebbing back towards 92.20. At the same time, the 10-year U.S. Treasury yield has remained several basis points above yesterday's lows, though the short-dated yields edged fractionally lower after both Fed members and the release of the FOMC minutes reaffirmed, in no uncertain terms, the ongoing dovish lean at the central bank. Read more

XE Market Analysis: Europe - Apr 08, 2021

By: XE Market Analysis

The dollar has remained above yesterday's lows, as measured by the DXY index, which printed a 16-day low at 92.14 yesterday. The index since clocked a rebound high at 92.50 before ebbing back towards 92.20. At the same time, the 10-year U.S. Treasury yield has remained several basis points above yesterday's lows, though the short-dated yields edged fractionally lower after both Fed members and the release of the FOMC minutes reaffirmed, in no uncertain terms, the ongoing dovish lean at the central bank. Read more

XE Market Analysis: Asia - Apr 07, 2021

By: XE Market Analysis

The Dollar was choppy, but largely range bound in N.Y. on Wednesday. The DXY recovered from a two-week low of 92.14 to 92.36 in early afternoon trade. The wider than expected February trade deficit was overlooked by markets, and activity was restrained ahead of the FOMC minutes, where there were no surprises. Read more

XE Market Analysis: North America - Apr 07, 2021

By: XE Market Analysis

The dollar has posted fresh lows, which put the DXY index at a 15-day low at 92.20. EUR-USD has printed a 15-day high at 1.1895. The biggest gainer out of the main dollar pairings and cross rates is EUR-AUD, which is showing a 0.6% gain on the day, printing a two-week high. Read more

XE Market Analysis: Europe - Apr 07, 2021

By: XE Market Analysis

The dollar has posted fresh lows, which put the DXY index at a 15-day low at 92.95. The forex market appears to have been somewhat wrong-footed by a pronounced decline in Treasury yields. Inflation worries have been fading a bit, at least for now, as Fed policymakers continue to stress they do not see any problem with price pressures for the foreseeable future. Read more

XE Market Analysis: Asia - Apr 06, 2021

By: XE Market Analysis

The Dollar was mostly lower on Tuesday, though Sterling was the notable exception, as Cable lost ground to the USD through the session. The DXY printed two-week lows of 92.38, briefly trading under its 200-day moving average, which is currently at 92.441.There was little in the way of data to impact the market, and it appeared softer Treasury yields weighed down the Greenback generally. Read more

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