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XE Market Analysis: North America - Apr 06, 2021

By: XE Market Analysis

The dollar has found its feet after taking a tumble in thin markets yesterday. The bullish case for the greenback remains strong, given the outsized fiscal stimulus coursing through the U.S. economy alongside the relatively advanced states of Covid vaccination progress in the U.S. Read more

XE Market Analysis: Europe - Apr 06, 2021

By: XE Market Analysis

The dollar has found its feet after taking a tumble in thin markets yesterday. The bullish case for the dollar remains strong, given the outsized fiscal stimulus coursing through the U.S. economy alongside the relatively advanced states of Covid vaccination progress in the U.S. Read more

XE Market Analysis: Asia - Apr 05, 2021

By: XE Market Analysis

The Dollar was under pressure through the N.Y. session on Monday, taking the DXY to 92.54, and eight-session low. Despite better outcomes for the non-manufacturing ISM, and a less sharp drop in factory orders, the USD remained heavy. A sharp rise in risk-taking levels following Friday's blowout jobs report likely weighed on the Buck. Read more

XE Market Analysis: Asia - Apr 02, 2021

By: XE Market Analysis

FX trade was thin in N.Y. on Friday, as Europe and Canada were out for Good Friday. The Dollar did move modestly higher through the shortened session, aided by the solid non-farm payroll spike of 916k, versus the 613k consensus. Earnings disappointed, falling slightly, while the workweek rose more than expected, and the unemployment rate was in-line with expectations dipping to 6.0% from 6.2%. Read more

XE Market Analysis: Asia - Apr 01, 2021

By: XE Market Analysis

After failing to make a fresh trend high, the DXY pulled back on Thursday, taking the index from overnight highs of 93.33 to 92.88 after the London close. A pullback in Treasury yields, along with position squaring into what will be a long weekend for many, were the likely drivers of USD softness. Read more

XE Market Analysis: North America - Apr 01, 2021

By: XE Market Analysis

The dollar has traded mixed, and mostly within narrow ranges as market activity abated into the long weekends that will commence tomorrow in Europe, Latin America, much of Asia, and Australia and New Zealand. One standout theme was an Australian dollar led correction in the dollar bloc currencies today, and another was a rebound in the euro, albeit moderate in magnitude. Read more

XE Market Analysis: Europe - Apr 01, 2021

By: XE Market Analysis

The Australian dollar led a correction in the dollar bloc currencies today, while most dollar pairings and cross rates saw relatively narrow ranges. Markets have been thinning out somewhat following the passing of month- and quarter-end yesterday, and into public holidays that will be seen in many Asian countries tomorrow, and in Australia, New Zealand, and Europe. Read more

XE Market Analysis: Asia - Mar 31, 2021

By: XE Market Analysis

After hitting fresh near five-month highs overnight, the DXY lost some ground through the London morning session, and in N.Y. morning trade. The Dollar index fell from 93.44 to 92.99 lows in late morning. Profit taking appeared to be a motive, despite mostly better data. Read more

XE Market Analysis: North America - Mar 31, 2021

By: XE Market Analysis

The dollar posted fresh highs against the euro and yen before correcting somewhat. U.S. Treasury yields at mid- to longer-dated maturities remained underpinned, albeit off yesterday's 14-month peaks. The DXY dollar index pegged a new five-month high at 93.44, racking up the sixth higher high out of the last seven trading days, before ebbing back to levels near 93.10. Read more

XE Market Analysis: Europe - Mar 31, 2021

By: XE Market Analysis

The dollar has remained underpinned, as have mid- to longer-dated Treasury yields, albeit off yesterday's peaks. The DXY dollar index pegged a new five-month high at 93.44, racking up the sixth higher high out of the last seven trading days. EUR-USD concurrently posted a five-month low at 1.1704, while USD-JPY clocked a new one-year high at 110.96. Read more

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