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XE Market Analysis: Asia - Aug 27, 2020

By: XE Market Analysis

The dollar fell early in N.Y. on Thursday, after Powell indicated the Fed would change its inflation targeting, allowing CPI to rise above the 2% target for a time. As a result of the policy change, interest rates are set to remain close to zero for a longer time. Read more

XE Market Analysis: North America - Aug 27, 2020

By: XE Market Analysis

The dollar lifted out of intraday lows in overall narrow ranges while global stock markets have beaten a retreat as today's keynote address of Fed Chairman Powell looms up. EUR-USD ebbed to the lower 1.1800s after earlier edging out a three-day high at 1.1850, maintaining a narrow range for a fourth consecutive day. Read more

XE Market Analysis: Europe - Aug 27, 2020

By: XE Market Analysis

The dollar has retained a softening tone, though ranges have been narrow. Markets are anticipating a dovish lean from Fed Chair Powell's keynote Jackson Hole speech today. Wall Street yesterday produced fresh record highs for the S&P 500 and NASDAQ, though the main U.S. Read more

XE Market Analysis: Asia - Aug 26, 2020

By: XE Market Analysis

The Dollar started the N.Y. Thursday session on a firmer note, getting a brief boost from a much stronger durable orders outcome. Gains were not to last however, as the USD fell broadly through the remainder of the session. The DXY peaked at a four-session high of 93.36, later falling to 92.85 lows. Read more

XE Market Analysis: North America - Aug 26, 2020

By: XE Market Analysis

The dollar has lifted moderately and global stock markets have lost upside thrust as market participants hunker down ahead of Fed Chairman Powell's keynote Jackson Hole address on Thursday. Markets are anticipating a dovish lean from Powell, although there is a risk for disappointment in terms of how much he can signal given the FOMC hasn't yet completed its Policy Framework Review. Read more

XE Market Analysis: Europe - Aug 26, 2020

By: XE Market Analysis

Narrow ranges have been prevailing among the main currencies, with market participants hunkering down ahead of Fed Chairman Powell's keynote Jackson Hole address on Thursday (which will be a virtual affair this year). Global stock markets have steady, after Wall Street produced yet further record highs for the S&P 500 and NASDAQ. Read more

XE Market Analysis: Asia - Aug 25, 2020

By: XE Market Analysis

The dollar was stuck in narrow trading ranges in N.Y. on Tuesday, though remained near its recent highs. The DXY slipped early on, bottoming at 92.97, then bouncing to 93.20. Incoming data help USD sentiment to an extent, as July new home sales surged 13.9%, the most since December 2006. Read more

XE Market Analysis: North America - Aug 25, 2020

By: XE Market Analysis

The dollar and yen have softened against most currencies, while the euro has been topping the top-performing list. This dynamic has come amid risk-on positioning in global markets. Encouraging news on the U.S.-China Phase 1 trade deal, and on developments of COVID-19 treatments and vaccinations, have been tonic for investors. Read more

XE Market Analysis: Europe - Aug 25, 2020

By: XE Market Analysis

Most dollar pairings have remained well within their ranges from yesterday, though the dollar and yen saw mild weakness against most other currencies, outside the cases against the New Zealand and Canadian dollars. Wall Street clocked fresh record highs for the S&P 500 and NASDAQ yesterday. Read more

XE Market Analysis: Asia - Aug 24, 2020

By: XE Market Analysis

The DXY bounced from opening lows of 92.84, making its way to 93.28 through the morning session. There was no data to influence markets, though Wall Street was stronger amid a confluence of positive developments. President Trump announced Sunday that the FDA approved blood-plasma treatment for emergency use. Read more

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