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XE Market Analysis: Europe - Mar 16, 2021

By: XE Market Analysis

Currencies have 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

XE Market Analysis: Asia - Mar 15, 2021

By: XE Market Analysis

The Dollar was steady through the N.Y. session on Monday, seeing the DXY range between 91.96 and 91.76, before holding near mid-range into the close. U.S. data was light, though aa two-year high print for the March Empire State index gave the Buck some modest support. Read more

XE Market Analysis: North America - Mar 15, 2021

By: XE Market Analysis

The dollar retained an underlying bid, with U.S. Treasury yields remaining buoyant, near Friday's highs. The DXY dollar index lifted to a high at 91.87, gaining on Friday's closing level but so far remaining shy of Friday's high. The 10-year T-note yield settled around 1.620-1.630%, just below the 13-month month highs seen at the end of last week. Read more

XE Market Analysis: Europe - Mar 15, 2021

By: XE Market Analysis

The dollar retained an underlying bid, with U.S. Treasury yields remaining buoyant, near Friday's highs. The DXY dollar index lifted to a high at 91.87, gaining on Friday's closing level but so far remaining shy of Friday's high. The 10-year T-note yield settled around 1.620-1.630%, just below the 13-month month highs seen at the end of last week. Read more

XE Market Analysis: Asia - Mar 12, 2021

By: XE Market Analysis

The Dollar firmed up overnight ahead of Friday's N.Y. session, though lost its footing late in the morning session. Slightly warmer PPI and a firmer U. Michigan sentiment report supported the USD briefly, though sellers returned ahead of the weekend and into the London close. Read more

XE Market Analysis: North America - Mar 12, 2021

By: XE Market Analysis

The dollar has rebounded from three consecutive days of decline, rising alongside a renewed steepening in the U.S. Treasury yield curve. The 10-year T-note yield vaulted back above 1.60% after briefly foraying below 1.50% yesterday. The catalyst came yesterday, when President Biden's signed off on the $1.9 tln stimulus bill, which came alongside continued good news on the Covid front, with cases in the U.S. Read more

XE Market Analysis: Europe - Mar 12, 2021

By: XE Market Analysis

The dollar has rebounded from three consecutive days of decline, rising alongside a renewed steepening in the U.S. Treasury yield curve. The 10-year T-note yield has lifted back towards the 1.60% level after briefly foraying below 1.50% yesterday. President Biden's signing off on the $1.9 tln stimulus bill, which came alongside continued good news on the Covid front, with cases in the U.S. Read more

XE Market Analysis: Asia - Mar 11, 2021

By: XE Market Analysis

The Dollar was weaker in N.Y. on Thursday, taking the DXY to one-week lows of 91.38 from early highs of 91.80. Better than expected initial and continuing jobless claims provided a brief boos to the Greenback early in the session, though despite slightly higher Treasury yields, the USD then turned broadly lower. Read more

XE Market Analysis: North America - Mar 11, 2021

By: XE Market Analysis

The dollar has extended lower, concurrently with lower Treasury yields. The 10-year T-note yield has fallen back towards 1.500%, near yesterday's low that was seen in the wake of the cooler than expected U.S. February CPI outcome. Stock markets have remained buoyant in Asia after the Dow hit a fresh record closing level on Wall Street yesterday, with the benign inflation and final passage of the $1.9 tln fiscal stimulus bill being a Goldilocks combo for equity markets. Read more

XE Market Analysis: Europe - Mar 11, 2021

By: XE Market Analysis

The dollar has extended lower, concurrently with lower Treasury yields. The 10-year T-note yield has fallen back below 1.520%, towards yesterday's low near 1.500% that was seen in the wake of the cooler than expected U.S. February CPI outcome. Stock markets have remained buoyant in Asia after the Dow hit a fresh record closing level on Wall Street yesterday, with the benign inflation and final passage of the $1.9 tln fiscal stimulus bill being a Goldilocks combo for equity markets. Read more

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