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XE Market Analysis: Europe - Mar 12, 2021

By: XE Market Analysis

The dollar has rebounded from three consecutive days of decline, rising alongside a renewed steepening in the U.S. Treasury yield curve. The 10-year T-note yield has lifted back towards the 1.60% level after briefly foraying below 1.50% yesterday. President Biden's signing off on the $1.9 tln stimulus bill, which came alongside continued good news on the Covid front, with cases in the U.S. Read more

XE Market Analysis: Asia - Mar 11, 2021

By: XE Market Analysis

The Dollar was weaker in N.Y. on Thursday, taking the DXY to one-week lows of 91.38 from early highs of 91.80. Better than expected initial and continuing jobless claims provided a brief boos to the Greenback early in the session, though despite slightly higher Treasury yields, the USD then turned broadly lower. Read more

XE Market Analysis: North America - Mar 11, 2021

By: XE Market Analysis

The dollar has extended lower, concurrently with lower Treasury yields. The 10-year T-note yield has fallen back towards 1.500%, near yesterday's low that was seen in the wake of the cooler than expected U.S. February CPI outcome. Stock markets have remained buoyant in Asia after the Dow hit a fresh record closing level on Wall Street yesterday, with the benign inflation and final passage of the $1.9 tln fiscal stimulus bill being a Goldilocks combo for equity markets. Read more

XE Market Analysis: Europe - Mar 11, 2021

By: XE Market Analysis

The dollar has extended lower, concurrently with lower Treasury yields. The 10-year T-note yield has fallen back below 1.520%, towards yesterday's low near 1.500% that was seen in the wake of the cooler than expected U.S. February CPI outcome. Stock markets have remained buoyant in Asia after the Dow hit a fresh record closing level on Wall Street yesterday, with the benign inflation and final passage of the $1.9 tln fiscal stimulus bill being a Goldilocks combo for equity markets. Read more

XE Market Analysis: Asia - Mar 10, 2021

By: XE Market Analysis

The Dollar was largely range bound in N.Y. on Wednesday, seeing the DXY range between 91.80 and 92.07. The lows came following the slightly cooler February core PPI print of 0.1% versus 0.2%, while the deadline number came in at a consensus meeting 0.4%. Read more

XE Market Analysis: North America - Mar 10, 2021

By: XE Market Analysis

The dollar has found a footing after ebbing yesterday. Treasury yields have steadied after falling yesterday, and the $1.9 tln fiscal stimulus bill passed the procedural vote in the House. EUR-USD has been holding a 30-pip range in the mid-to-upper 1.1800s, consolidating recent declines that yesterday produced a one-month low at 1.1836, and USD-JPY has been consolidating recent gains in the mid-to-upper 108.00s, below yesterday's nine-month peak at 109.24. Read more

XE Market Analysis: Europe - Mar 10, 2021

By: XE Market Analysis

The dollar has found a footing after ebbing yesterday. Treasury yields have steadied, and the $1.9 tln fiscal stimulus bill passed the procedural vote in the House. EUR-USD has been holding a 30-pip range in the mid-to-upper 1.1800s, consolidating recent declines that yesterday produced a one-month low at 1.1836, and USD-JPY has been consolidating recent gains in the mid-to-upper 108.00s, below yesterday's nine-month peak at 109.24. Read more

XE Market Analysis: Asia - Mar 09, 2021

By: XE Market Analysis

The Dollar faded lower beginning during the Asian session, and continuing into the N.Y. morning session. Treasury yields dropped, which weighed on the Greenback, while risk taking levels also improved, also a positive for the USD. Wall Street surged on dip buying, with the NASDAQ pacing the gains, after falling into correction territory on Monday. Read more

XE Market Analysis: North America - Mar 09, 2021

By: XE Market Analysis

The dollar posted fresh highs before receding, with the DXY index hitting a fresh 15-week peak at 92.50 and then declining to levels around 91.91. The greenback's softening was concomitant with a dip in U.S. Treasury yields, which was seen as the Asian session progressed. Read more

XE Market Analysis: Europe - Mar 09, 2021

By: XE Market Analysis

The dollar posted fresh highs before receding, with the DXY index hitting a fresh 15-week peak at 92.50 and then declining to levels around 92.25. The greenback's softening was concomitant with a dip in U.S. Treasury yields, which was seen as the Asian session progressed. Read more

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