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XE Market Analysis: North America - Oct 22, 2020

By: XE Market Analysis

The dollar has found a footing after a four-day tumble. The DXY USD index has come to rest around the 92.70-75 area after diving over the previous four days, from levels near 94.00. EUR-USD has been in correction mode after a four-day run higher, dropping back to a 1.1825 low today. Read more

XE Market Analysis: Europe - Oct 22, 2020

By: XE Market Analysis

The dollar has settled after dropping quiet sharply in recent days. The DXY USD index has come to rest around the 92.70-75 area after diving over the previous four days, from levels near 94.00. EUR-USD has settled off the five-week high that was seen yesterday at 1.1882. Read more

XE Market Analysis: Asia - Oct 21, 2020

By: XE Market Analysis

The Dollar was choppy in N.Y. trade on Wednesday, though ultimately ended lower overall. The DXY printed a seven-week low of 92.47, down from early highs of 92.83. The USD tended to move in the opposite direction to the risk-backdrop, which shifted through the session on the back of stimulus concerns, the election and Covid. Read more

XE Market Analysis: North America - Oct 21, 2020

By: XE Market Analysis

The dollar underperformed while the pound outperformed and the yen, diverging from its usual close correlation with the dollar, was measuring as the second strongest of the main currencies. Global stock markets have been skittish, with European indices dropping and U.S. Read more

XE Market Analysis: Europe - Oct 21, 2020

By: XE Market Analysis

The dollar is softer across the board amid a backdrop of buoyant global stock markets and declining risk premia. U.S. House speaker Pelosi said that she is hopeful that a deal on fiscal stimulus can be reached this week, while markets are also factoring in rising prospects for further central bank stimulus, especially in Europe where the trend toward increasingly draconian Covid measures is threatening a double dip recession. Read more

XE Market Analysis: Asia - Oct 20, 2020

By: XE Market Analysis

The Dollar was lower on Tuesday, with risk-on conditions weighing. The DXY fell to a one-month low of 93.00, down from 93.29 at the open. Wall Street rallied, as renewed hopes for a fiscal stimulus package brought in buyers. Pelosi and Mnuchin are set to hold another round of talks on Tuesday, after it was reported that differences are being narrowed. Read more

XE Market Analysis: North America - Oct 20, 2020

By: XE Market Analysis

The euro has rallied against peer currencies. The common currency was showing, as of the late London morning, a near 0.5% gain on the dollar, and slightly more than this in the case against the yen, alongside gains of 0.7% and 0.9% versus the Australian and New Zealand dollars. Read more

XE Market Analysis: Europe - Oct 20, 2020

By: XE Market Analysis

The Australian dollar continued to weaken, this time with RBA Assistant Governor Kent saying that the board is considering another easing, which backed up the Governor Lowe's recent messaging, that a rate cut and other monetary easing measures are in the works. Read more

XE Market Analysis: Asia - Oct 19, 2020

By: XE Market Analysis

The Dollar softened during the London morning session on Monday, though was generally steady through the N.Y. session, albeit at lower levels. The DXY fell from European highs of 93.76, later basing at 93.22 into the open. The risk-on conditions seen overnight weighed on the safe-haven USD, with only modest upticks seen after Wall Street gave back early gains. Read more

XE Market Analysis: North America - Oct 19, 2020

By: XE Market Analysis

The dollar and yen softened against other currencies as risk-on positioning ensued. Pfizer said it could have a vaccine ready by year-end, and with House Speaker Pelosi saying on Sunday that she was confident that a comprehensive U.S. aid package could be legislated for by the November-3 elections. Read more

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