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XE Market Analysis: Asia - Apr 03, 2020

By: XE Market Analysis

The Dollar headed to near or at highs of the week against the Euro, Pound and Yen on Friday. The DXY printed seven-session highs of 100.85, though trading ranges were confined. Save-haven flows into the USD were maintained this week, coming despite the horrendous jobless claims on Thursday, and the much worse than expected employment report on Friday, which saw non-farm payrolls fall 701k. Read more

XE Market Analysis: North America - Apr 03, 2020

By: XE Market Analysis

The dollar has outperformed so far today amid a backdrop of souring risk appetite in global markets, with bellwether European stock indices and S&P 500 futures showing losses of about 1%. Oil prices have been choppy following yesterday's massive 24% rally, but have remained below yesterday's highs. Read more

XE Market Analysis: Europe - Apr 03, 2020

By: XE Market Analysis

Narrow ranges have been prevailing among the main dollar pairings and associated crosses, which has come with global stock markets undergoing a sputtering price action. Asian stock markets have traded mostly lower, and S&P 500 futures are showing a 1.2% decline, correcting after the cash version of the index close out yesterday with a 2.3% gain. Read more

XE Market Analysis: Asia - Apr 02, 2020

By: XE Market Analysis

The Dollar index rallied in N.Y. on Thursday, printing a one-week high of 100.27, after opening near 99.55. Safe-haven USD buying was likely following the huge 6.6 mln rise in weekly jobless claims, and later appeared to have got a boost from the as much as 30% rally in oil prices, which came following a Trump tweet saying Saudi and Russia would cut oil production. Read more

XE Market Analysis: North America - Apr 02, 2020

By: XE Market Analysis

A 10%-plus rebound in crude prices catalyzed gains in oil-correlating currencies, including the Canadian dollar and Norwegian krona, and other commodity currencies, while helping give stock markets a lift after a sputtering session in Asia. The pan-Europe STOXX 600 index was showing a 0.5% gain as of the early PM session, while S&P 500 futures were showing a near 2% gain. Read more

XE Market Analysis: Europe - Apr 02, 2020

By: XE Market Analysis

Finally a day of narrow ranges and calmness in currency markets. The main dollar pairings and cross rates have so far seen little direction, remaining well within ranges seen yesterday for the most party, though the Canadian dollar and Norwegian krona gained amid a strong rally in oil prices. Read more

XE Market Analysis: Asia - Apr 01, 2020

By: XE Market Analysis

The Dollar was mixed in N.Y. trade on Wednesday, though ranges overall were narrower than recent sessions. It was a risk-off session, as COVID-19 cases continued to rise unabated. Wall Street was sharply lower, while Treasury yields sank. Incoming data was better than expected, with ADP jobs losses less than forecast, and the manufacturing ISM falling less than expected. Read more

XE Market Analysis: North America - Apr 01, 2020

By: XE Market Analysis

The dollar and yen have outperformed amid a backdrop of a coursing risk-off theme in global markets, which saw both the pan-Europe STOXX 600 equity index and S&P 500 futrues rack up a loss of around 3%. Asian equity markets also came under pressure. Read more

XE Market Analysis: Europe - Apr 01, 2020

By: XE Market Analysis

Commodity currencies have come under pressure as the winds of risk aversion picked up again. Asian stock markets are lower, while European and U.S. equity index futures are showing losses of around 3%. Data out of Asia today were nothing short of dismal, showing manufacturing contracting across most of the region, highlighting the economic toll that virus-containing measures are having. Read more

XE Market Analysis: Asia - Mar 31, 2020

By: XE Market Analysis

The Dollar index headed lower in N.Y. on Tuesday, touching 98.99, down from opening highs of 99.93. Month and quarter end related USD selling was reported through the morning session. Incoming data saw better than expected Chicago PMI and consumer confidence prints, though markets continue to look past the data in an environment of rapidly expanding pandemic. Read more

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