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XE Market Analysis: Asia - Mar 10, 2021

By: XE Market Analysis

The Dollar was largely range bound in N.Y. on Wednesday, seeing the DXY range between 91.80 and 92.07. The lows came following the slightly cooler February core PPI print of 0.1% versus 0.2%, while the deadline number came in at a consensus meeting 0.4%. Read more

XE Market Analysis: North America - Mar 10, 2021

By: XE Market Analysis

The dollar has found a footing after ebbing yesterday. Treasury yields have steadied after falling yesterday, and the $1.9 tln fiscal stimulus bill passed the procedural vote in the House. EUR-USD has been holding a 30-pip range in the mid-to-upper 1.1800s, consolidating recent declines that yesterday produced a one-month low at 1.1836, and USD-JPY has been consolidating recent gains in the mid-to-upper 108.00s, below yesterday's nine-month peak at 109.24. Read more

XE Market Analysis: Europe - Mar 10, 2021

By: XE Market Analysis

The dollar has found a footing after ebbing yesterday. Treasury yields have steadied, and the $1.9 tln fiscal stimulus bill passed the procedural vote in the House. EUR-USD has been holding a 30-pip range in the mid-to-upper 1.1800s, consolidating recent declines that yesterday produced a one-month low at 1.1836, and USD-JPY has been consolidating recent gains in the mid-to-upper 108.00s, below yesterday's nine-month peak at 109.24. Read more

XE Market Analysis: Asia - Mar 09, 2021

By: XE Market Analysis

The Dollar faded lower beginning during the Asian session, and continuing into the N.Y. morning session. Treasury yields dropped, which weighed on the Greenback, while risk taking levels also improved, also a positive for the USD. Wall Street surged on dip buying, with the NASDAQ pacing the gains, after falling into correction territory on Monday. Read more

XE Market Analysis: North America - Mar 09, 2021

By: XE Market Analysis

The dollar posted fresh highs before receding, with the DXY index hitting a fresh 15-week peak at 92.50 and then declining to levels around 91.91. The greenback's softening was concomitant with a dip in U.S. Treasury yields, which was seen as the Asian session progressed. Read more

XE Market Analysis: Europe - Mar 09, 2021

By: XE Market Analysis

The dollar posted fresh highs before receding, with the DXY index hitting a fresh 15-week peak at 92.50 and then declining to levels around 92.25. The greenback's softening was concomitant with a dip in U.S. Treasury yields, which was seen as the Asian session progressed. Read more

XE Market Analysis: Asia - Mar 08, 2021

By: XE Market Analysis

The DXY printed three-month highs of 92.42 in late morning trade in N.Y. on Monday, up from overnight lows of 91.84. There was no data to drive the market, so narrow trading ranges were generally the rule for the major Dollar pairings. Treasury yields remained elevated, supportive of the USD, though the bond market was considerably more well behaved than was the case last week. Read more

XE Market Analysis: North America - Mar 08, 2021

By: XE Market Analysis

The dollar has continued higher, buoyed by news, albeit expected news, that the U.S. Senate passed the $1.9 bln fiscal relief bill on Saturday. The bill is now expected to sail through the House and then onto President Biden's desk, and the stimulus could start being unleashed within the week. Read more

XE Market Analysis: Europe - Mar 08, 2021

By: XE Market Analysis

The dollar has remained on a firming bias, buoyed by news, albeit expected news, that the U.S. Senate passed the $1.9 bln fiscal relief bill on Saturday. The bill will now pass to the House and then to President Biden's desk, and the stimulus could start being unleashed as soon as the week's end. Read more

XE Market Analysis: Asia - Mar 05, 2021

By: XE Market Analysis

The DXY hit three-month highs of 92.19 in early trade on Friday following the jobs report. While it may be too soon to get on board the recovery train, the February jobs report significantly beat forecasts and supports the Fed view that the economy is picking up the pace faster than expected after a year of suffering from the pandemic and economic shutdowns. Read more

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