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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

XE Market Analysis: North America - Mar 31, 2020

By: XE Market Analysis

The dollar has traded firmer for a second day, rebounding from recent underperformance, which had been a reflection of the Fed's aggressive actions to satiate demand for dollars. More broadly, global markets have settled in what are comparatively narrowly ranges by recent standards. Read more

XE Market Analysis: Europe - Mar 31, 2020

By: XE Market Analysis

The dollar has traded firmer for a second day, rebounding from recent underperformance, which was a reflection of the Fed's aggressive actions to satiate demand for dollars. More broadly, global markets have settled in what are comparatively narrowly ranges by recent standards. Read more

XE Market Analysis: Asia - Mar 30, 2020

By: XE Market Analysis

The Dollar index bounced modestly in N.Y. on Monday, after getting hammered lower last week. The DXY rallied from opening lows of 98.92 to 99.31 highs. The USD touched its worst levels of the day following the Dallas Fed index, which plunged to -70.0 from 1.2, on the back of coronavirus and cratering oil prices. Read more

XE Market Analysis: North America - Mar 30, 2020

By: XE Market Analysis

The dollar has traded steady-to-firmer against the other main currencies so far today. Influenced by a 0.5% decline in EUR-USD, the narrow trade-weighted USD index (DXY) lifted to a 98.98 high, over 60 pips up on Friday's closing level and setting the index up for its first daily gain since last Monday. Read more

XE Market Analysis: Europe - Mar 30, 2020

By: XE Market Analysis

The dollar has traded steady-to-firmer against the other main currencies so far today. Influenced by a 0.5% decline in EUR-USD, the narrow trade-weighted USD index (DXY) lifted to a 98.92 high, over 50 pips up on Friday's closing level and setting the index up for its first daily gain since last Monday. Read more

XE Market Analysis: Asia - Mar 27, 2020

By: XE Market Analysis

The Dollar index fell to near two-week lows in N.Y. on Friday, sliding from 99.80 to 98.51. The USD lost ground to all major currencies, as unwinding of safe-haven Dollar flows continued to reverse the gains seen in thew prior two-weeks. It was risk-off through the session, as COVID-19 cases in the U.S. Read more

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

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