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XE Market Analysis: North America - Nov 11, 2019

By: XE Market Analysis

The dollar has been trading with a softening bias so far in early week trading, correcting after posting gains against most other currencies last week. The narrow trade-weighhted USD index (DXY) has retraced over half of the gain it saw on Friday in making a low at 98.23. Read more

XE Market Analysis: Europe - Nov 11, 2019

By: XE Market Analysis

The yen has firmed up as risk aversion took a grip on markets in Asia as protests and the police response went next level amid reports that one protestor had been shot and killed. President Trump also said on Saturday that while trade talks with China were moving along "very nicely," the U.S. Read more

XE Market Analysis: Asia - Nov 08, 2019

By: XE Market Analysis

The DXY printed near four-week highs of 98.40 in N.Y. trade on Friday. There was little reaction to slightly softer than expected consumer sentiment numbers, and weaker wholesale data. The Dollar made gains against most major currencies, with the Yen the exception, which rallied modestly on a downturn in risk taking levels that were seen throughout much of this past week. Read more

XE Market Analysis: North America - Nov 08, 2019

By: XE Market Analysis

The dollar nudged higher during the late London morning session, while the yen also posted moderate gains against most currencies against a backdrop of sputtering stock markets in Europe. The narrow trade-weighted USD index (DXY) lifted to a 23-day high of 98.32 while EUR-USD concomitantly ebbed to a 23-day low, at 1.1026. Read more

XE Market Analysis: Europe - Nov 08, 2019

By: XE Market Analysis

Narrow ranges have been seen so far today among the main currencies, which comes with a degree of uncertainty creeping back in with regard to the prospects of a "phase 1" trade deal being reached between the U.S. and China. There are reports of fierce internal opposition among members of the Trump administration, while there is conjecture that President Trump will be emboldened by recent relatively strong U.S. Read more

XE Market Analysis: Asia - Nov 07, 2019

By: XE Market Analysis

The DXY rallied to better than three-week highs in N.Y. on Thursday, heading from pre-open lows of 97.82, to a mid-day peak of 98.23. Progress on the trade war front was a driver, as both the U.S. and China apparently agreed to roll-back tariffs over a yet unspecified period of time. Read more

XE Market Analysis: North America - Nov 07, 2019

By: XE Market Analysis

A burst of risk-on positioning sent global stocks higher and saw the both the dollar and yen turn lower after seeing fresh highs against the other main currencies during pre-European trading in Asia. China's commerce ministry flicked the risk appetite switch back to "on" by stating that the U.S and China have agreed in principle "cancel additional tariffs in different phases." USD-JPY bounced from a two-day low at 108.64 to a high of 109.19. Read more

XE Market Analysis: Europe - Nov 07, 2019

By: XE Market Analysis

Both the dollar and yen dropped back quite sharply, the yen in particular, after seeing fresh highs against the other main currencies. This saw EUR-USD rally back to the 1.1075-80 area after making a three-week low at 1.1055 and EUR-JPY also jump from a three-week low, at 120.14, to levels above 120.60. Read more

XE Market Analysis: Asia - Nov 06, 2019

By: XE Market Analysis

The dollar was mostly higher in N.Y. trade on Wednesday, taking the DXY to 97.98 highs from 97.78 early in the session. The index was unable to take out Tuesday's one-week high of 98.01. Incoming data had little impact, with productivity and unit labor costs both missing consensus forecasts. Read more

XE Market Analysis: North America - Nov 06, 2019

By: XE Market Analysis

The dollar and other currencies lacked direction as risk-on positioning that dominated since last Friday's U.S. employment report lost steam. Valuations of many major equity indices have been left looking rich as investors take a more circumspect view about whether the 13th round of trade talks between the U.S. Read more

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