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XE Market Analysis: Europe - Aug 21, 2020

By: XE Market Analysis

The dollar's weakening bias has resurfaced, pushing the narrow trade-weighted USD index (DXY) to a two-day low at 92.58, extending the correction from yesterday's one-week high at 93.23. The 27-month low that was seen on Tuesday is at 92.13, and the index will need to close out today in New York below 93.10 to rack this week up as the eighth down week out of the last nine weeks. Read more

XE Market Analysis: Asia - Aug 20, 2020

By: XE Market Analysis

The Dollar came under broad pressure from mid-morning on Thursday, as if appeared the FOMC minutes driven boost has about run its course. In the scheme of things, even if the minutes were not as dovish as expected, the Fed continues to be in uber-easing mode, continuing to buy assets while virtually targeting the yield curve. Read more

XE Market Analysis: North America - Aug 20, 2020

By: XE Market Analysis

The dollar has retained demand in the wake of the FOMC minutes, the bottom line from which was that there is no immediate plan to take unconventional stimulus measures in monetary policy. The narrow trade-weighted USD index rose to a six-day peak at 93.19, extending the rebound from the 27-month low that was pegged on Wednesday at 92.13. Read more

XE Market Analysis: Europe - Aug 20, 2020

By: XE Market Analysis

The dollar has retained demand in the wake of the FOMC minutes, the bottom line from which was that there is no immediate plan to take unconventional stimulus measures in monetary policy. The narrow trade-weighted USD index edged out a three-day peak at 93.09, extending the rebound that was sparked by the minutes and from the 27-month low that was pegged on Wednesday at 92.13. Read more

XE Market Analysis: Asia - Aug 19, 2020

By: XE Market Analysis

The Dollar managed to stem the bleeding in N.Y. on Wednesday, and rallied modestly through the session. The DXY held above Tuesday's 27-month low of 92.13, rallying from early lows of 92.24 to 92.75 highs. There was no data to drive markets. Wall Street was modestly higher, and Apple hit a milestone, becoming the first U.S. Read more

XE Market Analysis: North America - Aug 19, 2020

By: XE Market Analysis

The dollar has managed to find a toehold against most currencies after printing fresh trend lows against many yesterday. The exceptions were the pound and the Canadian dollar, which both clocked new trend highs versus the greenback. The USD index (DXY) has been consolidating recent losses above Tuesday's 17-month low at 92.13, with EUR-USD concurrently holding off yesterday's 27-month peak at 1.1967. Read more

XE Market Analysis: Europe - Aug 19, 2020

By: XE Market Analysis

The pound has printed a fresh trend high against the dollar, at 1.3268, which is the loftiest level since December. The catalyst was much warmer than anticipated UK July inflation data, with headline CPI rising to a rate of 1.0% y/y from 0.6% y/y and with core CPI spike to a rate of 1.8% y/y from 1.5% y/y. Read more

XE Market Analysis: Asia - Aug 18, 2020

By: XE Market Analysis

The DXY hit a 27-month low of 92.13 at mid-morning in N.Y. on Tuesday, down from 92.56 into the open. USD selling interest has perked up for the past few session, as the market frets over the lack of progress being made on the COVID front in the U.S., which has clouded the economic outlook, not withstanding the sharply higher housing starts data today. Read more

XE Market Analysis: North America - Aug 18, 2020

By: XE Market Analysis

The dollar has continued to weaken, which pushed the USD index (DXY) to a new 27-month low at 92.48. EUR-USD correspondingly rose to a 12-day peak at 1.1915, which is just 2 pips shy of the pair's 27-month peak. Cable rallied by 0.5% in making a 12-day high at 1.3175, while EUR-GBP reversed most of the gains it saw yesterday in making a 0.9035 low. Read more

XE Market Analysis: Europe - Aug 18, 2020

By: XE Market Analysis

The dollar continued to soften, which pushed the USD index (DXY) to a low at 92.53, which is 1 pip shy of the 27-month low that was seen on August 6th. EUR-USD correspondingly rose to a 12-day peak at 1.1904, which is 13 pips shy of the pair's 27-month peak. Read more

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