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XE Market Analysis: Asia - Dec 15, 2020

By: XE Market Analysis

The Dollar edged lower in N.Y. trade on Tuesday, seeing the DXY match the 32-month low of 90.42 printed on Monday. FX trade was quiet overall, and activity will likely continue to shrink into the end of the year. Risk-on conditions weighed on the safe-haven USD, as equities rallied on renewed hopes for a fiscal stimulus package, and as Covid vaccines are being rolled out. Read more

XE Market Analysis: North America - Dec 15, 2020

By: XE Market Analysis

Narrow ranges have been prevailing among the main dollar pairings and associated cross rates. This has been seen against a backdrop of sputtering global stock markets. Data showing Chinese industrial production rising 7.0% y/y in November, a 20-month high, along with a rise retail sales, didn't have much impact. Read more

XE Market Analysis: Europe - Dec 15, 2020

By: XE Market Analysis

Narrow ranges have been prevailing among the main dollar pairings and associated cross rates. This has been seen against a backdrop of sputtering global stock markets. Data showing Chinese industrial production rising 7.0% y/y in November, a 20-month high, along with a rise retail sales, didn't have much impact. Read more

XE Market Analysis: Asia - Dec 14, 2020

By: XE Market Analysis

The Dollar headed lower overnight, leaving the DXY at near a 33 month base of 90.43 early in N.Y. on Monday. The initial rollout of Covid vaccines in the U.S. appeared to have given the USD a brief boost, taking the Dollar index to 90.84 highs. FX trade slowed considerably by late morning, leaving major pairings inside narrow ranged. Read more

XE Market Analysis: North America - Dec 14, 2020

By: XE Market Analysis

The pound has rallied by over 1.5% against the dollar, and by over 1% in the cases against the euro and yen. This comes with the EU and UK agreeing to extend trade negotiations. Leaders had last week set yesterday as being the make or break moment. Neither side was willing to walk away, and evidently both sides see that a deal is worth pursuing. Read more

XE Market Analysis: Europe - Dec 14, 2020

By: XE Market Analysis

The pound has rallied by over 1% against the dollar and yen, and by nearly 1% against the euro. This comes with the EU and UK announcing agreeing to extend trade negotiations. Leaders had last week set yesterday as being the make or break moment. Neither side was willing to walk away, and evidently both sides see that a deal is worth pursuing. Read more

XE Market Analysis: Asia - Dec 11, 2020

By: XE Market Analysis

The Dollar bounced modestly in overnight trade, and for the most part, held those gains through the N.Y. session on Friday. Ranges remained relatively narrow, however, into the weekend. The DXY moved from 90.62 in London morning trade, later topping at 92.04 into the open. Read more

XE Market Analysis: North America - Dec 11, 2020

By: XE Market Analysis

The dollar rallied out of intraday lows as European stock markets and U.S. equity futures turned quite sharply lower. Asian markets fared better, while base metals and oil prices slipped. The risk of a no-deal outcome between the EU and UK in the Brexit endgame has risen markedly, while in the U.S. Read more

XE Market Analysis: Europe - Dec 11, 2020

By: XE Market Analysis

The dollar has softened against most currencies, with most stock markets, and oil prices, rising in Asia, although overall risk appetite in global markets is relatively more subdued compared to recent times. Base metal prices are below trend highs, and European and U.S. Read more

XE Market Analysis: Asia - Dec 10, 2020

By: XE Market Analysis

The Dollar was mostly lower in N.Y. on Thursday, dented early on by worse than expected initial and continuing jobless claims. The DXY fell from 91.15 into the open, later bottoming at 90.67 before recovering modestly. The only other data point was November CPI which came in a touch warmer than consensus. Read more

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