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XE Market Analysis: North America - Aug 06, 2020

By: XE Market Analysis

The dollar posted fresh lows against the euro and some other currencies, particularly the pound, which rallied on the back of the BoE's post policy meeting statement, before managing a rebound. The USD index edged out a fresh 27-month low at 92.53, continuing what is a fourth consecutive week of decline and a fourth straight month of decline, dropping by just over 10% from the early March peak. Read more

XE Market Analysis: Europe - Aug 06, 2020

By: XE Market Analysis

The USD index edged out a fresh 27-month low at 96.53, continuing what is a fourth consecutive week of decline and a fourth straight month of decline, dropping by just over 10% from the early March peak. The loss of confidence in the U.S. currency has partly been reflected in the ongoing rally in gold, which has remained buoyant after posting a fresh record nominal high at $2,057.50 yesterday. Read more

XE Market Analysis: Asia - Aug 05, 2020

By: XE Market Analysis

The DXY fell to within a whisker of the two-year bottom of 92.55 seen on Friday before recovering modestly in afternoon dealings. Risk-on conditions weighed on the greenback generally. Wall Street rallied as reports of a stimulus deal in the works by the end of the week circulated. Read more

XE Market Analysis: North America - Aug 05, 2020

By: XE Market Analysis

The dollar is down for a second day, while gold prices have spurted to a fresh nominal high at $2,048.00 (still a long way from a record peak in inflation-adjusted terms). Washington's policy stalemate on another pandemic relief bill has remained a major source of concern to investors. Read more

XE Market Analysis: Europe - Aug 05, 2020

By: XE Market Analysis

The dollar has remained soft while gold prices have spurted to a fresh nominal high at $2,040.55 (still a long way from a record peak in inflation-adjusted terms). Washington's policy stalemate on another pandemic relief bill has remained a major source of concern to investors, and most Treasury yields have pushed further into historic low territory. Read more

XE Market Analysis: Asia - Aug 04, 2020

By: XE Market Analysis

The Dollar attempted to rally early in the session on Tuesday, though it quickly turned lower through the remainder of the session. The DXY fell from early highs of 93.83, later bottoming at 93.34 in afternoon dealings. U.S. fiscal concerns appeared to be the driver of USD weakness. Read more

XE Market Analysis: North America - Aug 04, 2020

By: XE Market Analysis

The dollar has ebbed, particularly against the euro and Australian dollar. EUR-USD lifted above Monday's 1.1797 high in posting a peak at 1.1806, while AUD-USD came within a couple of pips of its Monday high at 0.7155. With USD-JPY holding a narrow range near 106.00, both EUR-JPY and AUD-JPY lifted, though both remained off their respective Monday peaks. Read more

XE Market Analysis: Europe - Aug 04, 2020

By: XE Market Analysis

The dollar has been ebbing moderately lower into the London interbank open, though has largely remained above lows seen on Monday. The USD index (DXY) drifted to a 96.43 low after yesterday's rebound capped out at a six-day high at 93.99. This has come amid a risk-on backdrop, which has propelled the MSCI Asia-Pacific index to gains of over 1%, along with lifting U.S. Read more

XE Market Analysis: Asia - Aug 03, 2020

By: XE Market Analysis

The Dollar added to overnight gains early in N.Y. on Monday, though later faded following mixed U.S. data, which saw the July manufacturing ISM print slightly better, along with disappointing June construction spending figures. The DXY rallied from 93.38 lows overnight to a N.Y. Read more

XE Market Analysis: North America - Aug 03, 2020

By: XE Market Analysis

The dollar is up for a second consecutive trading day, with the narrow trade-weighted USD index posting its best level since last Tuesday, at 93.83, extending a rebound from the 25-month low that was seen on Friday at 92.55. EUR-USD concurrently ebbed below Friday's low on route to a low at 1.1717, extending the correction from Friday's 26-month peak at 1.1910. Read more

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