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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

XE Market Analysis: Europe - Mar 12, 2020

By: XE Market Analysis

Risk-off positioning has returned to dominance in global markets, which in currency markets means 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

XE Market Analysis: Asia - Mar 11, 2020

By: XE Market Analysis

The Dollar index recovered to highs of the week in N.Y. trade on Wednesday, though risk-off conditions returned, with markets continuing to react to the widening coronavirus crisis, which the W.H.O. finally declared a pandemic, and uncertainty over what U.S. Read more

XE Market Analysis: North America - Mar 11, 2020

By: XE Market Analysis

Market dynamics have been somewhat convoluted. The pound dropped after the BoE unexpectedly cut rates before recovering its losses. The yen strengthened in Asia before paring this gains. The dollar, meanwhile, posted declines against most currencies, including the dollar bloc currencies. Read more

XE Market Analysis: Europe - Mar 11, 2020

By: XE Market Analysis

The yen has outperformed again as stock markets fell back in Asia. The pound also took a hit, although subsequently pared losses, after the BoE unexpectedly announced an intra-meeting emergency rate cut of 50 bp, which put the repo rate at 0.25%. Cable fell by just over 90 pips in posting a one-week low at 1.2845 before recouping to around 1.2900. Read more

XE Market Analysis: Asia - Mar 10, 2020

By: XE Market Analysis

The Dollar put in a rare up-day on Tuesday, with the DXY recovering to 96.20 from early lows of 95.62.A partial recovery in stocks, along with firmer Treasury yields helped support the USD. There was no top tier data to move the markets on Tuesday, though focus remained on the spread of coronavirus. Read more

XE Market Analysis: North America - Mar 10, 2020

By: XE Market Analysis

A risk-back-on vibe saw the yen weaken and sovereign bond yields rise from record lows as markets re-priced safe haven currencies and assets, while commodity currencies and many developing world currencies rebounded concomitantly with global stock markets and many commodities from lows seen yesterday. Read more

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