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XE Market Analysis: North America - Mar 17, 2020

By: XE Market Analysis

The dollar has rallied quite strongly, posting a 1.3% gain against the euro and sterling, and gains of more than 1% versus the yen and Swiss franc, and advances of over 1.5% in the case against the Australian dollar. The narrow trade-weighted USD index (DXY), which correlates closely with EUR-USD, is up 1%, climbing back above the 99.0 level for the first time since February 27th, and bringing the cumulative gain from the 18-month low that was seen on March 9th. Read more

XE Market Analysis: Europe - Mar 17, 2020

By: XE Market Analysis

The dollar has outperformed while the yen has underperformed so far today, against a backdrop of rebounding European and U.S. equity index futures, and with Asian stock markets managing to lift out of early weakness. S&P 500 futures rallied by nearly 4% after the cash version of bellwether index crashed with a 11.98% loss yesterday on Wall Street, its worst fall since the infamous "Black Monday" of 1987. Read more

XE Market Analysis: Asia - Mar 16, 2020

By: XE Market Analysis

The Dollar index firmed up in early N.Y. trade on Monday, with safe-haven flows driving the modest move higher. The DXY later steadied off its high of 98.44, finding support into 98.00. The U.S. Empire State manufacturing index dropped a record 34.4 points to 21.5 in March, much lower than expected but that's likely to be the case for most data points for some time. Read more

XE Market Analysis: North America - Mar 16, 2020

By: XE Market Analysis

The yen has rallied on broad risk-off positioning as stock and commodity markets tumbled and top grade sovereign bonds rose. As for other currencies, the dollar bloc and other commodity currencies have underperformed, along with BRIC and other developing-world currencies. Read more

XE Market Analysis: Europe - Mar 16, 2020

By: XE Market Analysis

The yen has rallied amid the force of risk-off positioning, as stock and commodity markets tumbled and top grade sovereign bonds rose. As for other currencies, the dollar bloc and other commodity currencies have underperformed, along with BRIC and other developing-world currencies. Read more

XE Market Analysis: Asia - Mar 13, 2020

By: XE Market Analysis

The Dollar ended the week on a high note, after posting gains since Tuesday. The DXY topped at a two-week high of 98.78 on Friday, coming from the 18-month low of 94.65 seen Monday. It was a risk-on session to end a very rough week, as Wall Street and Treasury yields rebounded some following massive Fed and ECB stimulus. Read more

XE Market Analysis: North America - Mar 13, 2020

By: XE Market Analysis

The yen has weakened as safe haven premiums unwound as European stock markets and U.S. equity index futures rallied, and after Asian stock markets pared steep early losses. Oil prices, along with base metals and other commodities, also rebounded, while yields of top grade government bonds lifted. Read more

XE Market Analysis: Europe - Mar 13, 2020

By: XE Market Analysis

The yen weakened as safe haven premiums unwound as Asian stock markets pared steep early losses and U.S. and European index futures rebounded. Oil prices, along with base metals and other commodities, also rose, while yields of top grade government bonds lifted. Read more

XE Market Analysis: Asia - Mar 12, 2020

By: XE Market Analysis

The Dollar index rallied to two-week highs of 97.64, up from overnight Asian lows of 96.09, and Monday lows of 94.65. Safe-haven USD demand was noted given the severe risk-off backdrop, which allowed even risk-sensitive USD-JPY to post gains over 105.00 EUR-USD printed better than one-week lows of 1.1059, while USD-CAD made four-year highs of 1.3877. Read more

XE Market Analysis: North America - Mar 12, 2020

By: XE Market Analysis

Risk-off positioning has returned to dominance in global markets, which in currency markets has meant yen and Swiss franc gains juxtaposed to underperformance in the dollar bloc, other commodity currencies and many developing world currencies, with the dollar in the middle of these groups, losing group to its major peers while gaining versus currencies with higher beta characteristics. Read more

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