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XE Market Analysis: Asia - Mar 19, 2021

By: XE Market Analysis

The Dollar firmed up some in morning trade, taking the DXY to eight-session highs of 92.17, up from 91.84 at the open. The index later faded to near unchanged on the day. There was no data to move markets, and Treasury yields, which have been a major driver of the USD of late, remained relatively steady. Read more

XE Market Analysis: North America - Mar 19, 2021

By: XE Market Analysis

The dollar lifted out of correction lows, tracking the action in U.S. Treasury yields, as the 10-year T-note yield rose to near 1.700% form a pull back low at 1.676%. The DXY dollar index rallied to a two-day high at 91.96 from of a low at 91.66, while EUR-USD dropped to two-day lows under 1.1900. Read more

XE Market Analysis: Europe - Mar 19, 2021

By: XE Market Analysis

The dollar has come under moderate pressure, tracking a dip in the 10-year U.S. Treasury yield back under 1.70% after yesterday capping out at a 14-month high at 1..745%. The yen has concurrently lifted amid the narrowing in the U.S. over Japan yield differential, alongside a backdrop of sputtering global stock markets and the note unassociated decision by the the BoJ to widen the target band under its yield curve control policy and remove its explicit target on ETF purchases, giving the central bank room to draw in stimulus. Read more

XE Market Analysis: Asia - Mar 18, 2021

By: XE Market Analysis

Sharply higher Treasury yields took the USD higher in N.Y. on Thursday, following weakness seen after the dovish FOMC announcement on Wednesday. The long end of the curve took off, as the Fed's benign neglect of rising price pressures saw the 10-year yield surge 11 bps at its high to break through the 1.75% level, while the 30-year was nearly 8 bps cheaper to test 2.50%. Read more

XE Market Analysis: North America - Mar 18, 2021

By: XE Market Analysis

The dollar rebounded form the losses seen that were seen in the wake of the FOMC's dovish communication yesterday, concomitantly with the 10-year Treasury yield spike to fresh 14-month highs above 1.70%. Simply put, the decidedly dovish Fed coupled with gargantuan fiscal stimulus proved too much for bond bears to ignore, with U.S. Read more

XE Market Analysis: Asia - Mar 17, 2021

By: XE Market Analysis

The USD overall edged a bit higher through the morning session ahead of the FOMC announcement, seeing the DXY rise to a high 0f 92.00, and up from pre-open lows of 91.82. Higher Treasury yields ahead of the Fed were supportive of the USD, as the 10-year note rate hit its highest in 13-months. Read more

XE Market Analysis: North America - Mar 17, 2021

By: XE Market Analysis

The dollar is up on Tuesday's lows, although has remained within the bounds of ranges that were seen yesterday. Stock markets have hunkered down defensively into the Fed policy announcement and revised economic forecasts, which are due later today, while longer dated Treasury yields have remained buoyant, with the 10-year T-note yield nudging to fresh cycle highs above 1.650%. Read more

XE Market Analysis: Europe - Mar 17, 2021

By: XE Market Analysis

The dollar is up on yesterday's lows and near trend highs, although has remained within the bounds of ranges that were seen yesterday. Stock markets have hunkered down defensively into the Fed policy announcement and revised economic forecasts, which are due later today, while Treasury yields have remained buoyant, with the 10-year T-note yield nudging back above 1.630%, nearing cycle highs. Read more

XE Market Analysis: Asia - Mar 16, 2021

By: XE Market Analysis

The Dollar was softer in early morning trade, weighed down some by a weak February retail sales report, and a big miss in February industrial production. The DXY bottomed at 91.68, though later recovered to one-week highs of 92.03. The bounce in the index was largely due to an underperforming Euro. Read more

XE Market Analysis: North America - Mar 16, 2021

By: XE Market Analysis

Currencies have mostly been trading with stability amid a benign backdrop of buoyant stock markets and softer yields as markets anticipate dovish guidance from the Fed and tomorrow's conclusion of the FOMC meeting, which begins later today. This is despite the $1.9 tln fiscal stimulus, which is being implemented on top of a better than anticipated economic rebound, though the Fed, looking beyond the upcoming burst of inflation caused by base effects on the year-on-year price comparison, will point to spare capacity in the labour market. Read more

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