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XE Market Analysis: North America - Mar 20, 2020

By: XE Market Analysis

The dollar has taken a rotation lower following interventions and the threat of interventions over the last day, while commodity and many developing world currencies have rebounded strongly following a period of pronounced underperformance. Also in the mix is the plethora of central bank actions to shore up liquidity and loosen monetary policy, which, along with the massive fiscal rescue packages being assembled by governments across the world, have given markets opportunity to take a reprieve from coronavirus anxiety. Read more

XE Market Analysis: Europe - Mar 20, 2020

By: XE Market Analysis

Interventions and the threat of interventions has seen the dollar soften while commodity and many developing world currencies have rebounded strongly following a period of pronounced underperformance. Also in the mix is the plethora of central bank actions to shore up liquidity and loosen monetary policy, along with the massive fiscal rescue packages being assembled by governments across the world, which have given markets opportunity to settle from coronavirus anxiety. Read more

XE Market Analysis: Asia - Mar 19, 2020

By: XE Market Analysis

Another day, another trend high for the DXY. The index topped at three-plus year highs of 102.58, up from overnight lows of 100.78, and lows of 94.65 seen as recently as March 9. Safe-haven Dollar demand remains in force amid the virus pandemic, which has crushed all asset classes, as investors turn to cash Dollars for safety. Read more

XE Market Analysis: North America - Mar 19, 2020

By: XE Market Analysis

The dollar remained firm amid a continuing backdrop of highly skittish global markets, while traditional safe havens, including U.S. Treasuries and many other sovereign bonds, and gold, have remained under pressure. Australian 10-year bonds has undergone its biggest three-day drop since 1987. Read more

XE Market Analysis: Europe - Mar 19, 2020

By: XE Market Analysis

The dollar remained firm amid a continuing backdrop of highly skittish global markets, while traditional safe havens, including U.S. Treasuries and many other sovereign bonds, and gold, have remained under pressure. Australian 10-year bonds has undergone its biggest three-day drop since 1987. Read more

XE Market Analysis: Asia - Mar 18, 2020

By: XE Market Analysis

The Dollar index surged to three-year highs of 101.73 in N.Y. trade on Wednesday, up from overnight lows of 99.16. Heavy demand for cash Dollars has been driving the USD higher, as the virus panic appears to rise on a daily basis. Wall Street was crushed lower, resulting in the tripping of a circuit breaker when the S&P 500 last 7%. Read more

XE Market Analysis: North America - Mar 18, 2020

By: XE Market Analysis

The yen has outperformed amid nervous global markets, though concurrent dollar strength has seen USD-JPY lift back above 107.00 from a 106.76 low. The commodity and most developing world currencies remained under pressure. AUD-JPY dropped to a new 11-year low, and AUD-USD posted a fresh 17-year low. Read more

XE Market Analysis: Europe - Mar 18, 2020

By: XE Market Analysis

The dollar has remained firm amid nervous global markets, with demand for cash dollars remaining high while some traditional safe haven assets, such as gold and U.S. Treasuries, have nonetheless remained under pressure as investors rebalance portfolios and build cash cushions to cover margin calls. Read more

XE Market Analysis: Asia - Mar 17, 2020

By: XE Market Analysis

The DXY printed better than three-week highs of 99.82 in N.Y. on Tuesday, bringing the three-plus year top of 99.91 seen in February back into focus. Virus related safe-haven buying has remained a driver of Dollar strength since the beginning of last week, as risk-taking levels overall remain pressured. Read more

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

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