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XE Market Analysis: Europe - Feb 02, 2021

By: XE Market Analysis

The dollar has remained overall buoyant, which saw the DXY index post a fresh six-week high at 91.00. EUR-USD remained concurrently heavy, though remained above yesterday's 1.2054 low, which matched the two-month low that was seen on January 18. Recent declines have reflected both dollar firmness and euro weakness. Read more

XE Market Analysis: Asia - Feb 01, 2021

By: XE Market Analysis

The Dollar firmed up in N.Y trade on Monday, taking the DXY to six-week highs of 91.01 from overnight lows of 90.50. Talk of foreign account USD buying as a new month kicked off was heard, taking the Greenback higher despite the risk-on backdrop, which usually results in a softer Dollar. Read more

XE Market Analysis: North America - Feb 01, 2021

By: XE Market Analysis

The DXY dollar index edged out a six-week high at 90.91, with the dollar tracking a rise in U.S. Treasury yields. EUR-USD concurrently ebbed to a five-day low at 1.2069, and USD-JPY tested Friday's 11-week peak at 104.95. Cable ebbed back after coming within a few pips of 32-month highs, and the greenback marked modest gains versus the Canadian dollar and other dollar bloc currencies. Read more

XE Market Analysis: Europe - Feb 01, 2021

By: XE Market Analysis

The dollar has traded modestly firmer so far today, though has remained below recent highs, with most currencies seeing narrow ranges. EUR-USD saw a modest downside drift, dipping back under 1.2100, though remained above its Friday low at 1.2093. USD-JPY settled in a narrow range below the 11-week high seen on Friday at 104.95. Read more

XE Market Analysis: Asia - Jan 29, 2021

By: XE Market Analysis

The Dollar overall headed lower on Friday, with the bulk of losses coming in the London morning session. Heavy risk-off conditions returned, with the usual suspects driving equities lower. The uncertainties over vaccines, the Covid outlook, new variants of the virus, along with equity market disruptions caused by the arrival of "casino" stocks, all weighed on sentiment. Read more

XE Market Analysis: North America - Jan 29, 2021

By: XE Market Analysis

Directional themes among currencies have been somewhat convoluted so far today, fitting a backdrop of whippy global asset markets. The yen underperformed markedly. USD-JPY rallied to a two-month-plus high at 104.95, while GBP-JPY lift to an 11-month high, EUR-JPY a three-week peak, and AUD-JPY a two-day high. Read more

XE Market Analysis: Europe - Jan 29, 2021

By: XE Market Analysis

The dollar majors have mostly been holding within their respective Thursday ranges amid a backdrop of whippy global asset markets, which have once again turned to a risk-off positioning mode. The exception has been USD-JPY, which floated to a seven-week high at 104.57 on the back of yen weakness, which saw GBP-JPY lift to an 11-month high and AUD-JPY a two-day high. Read more

XE Market Analysis: Asia - Jan 28, 2021

By: XE Market Analysis

The abrupt flip to risk-on on Thursday from risk-off on Wednesday saw the USD reverse some of the gains posted yesterday. The DXY eased back to 90.42 from overnight highs of 90.86 through the morning session. Incoming U.S. data was supportive of risk taking levels, with Q4 GDP rising close to expectations, and jobless claims falling more than expected. Read more

XE Market Analysis: North America - Jan 28, 2021

By: XE Market Analysis

The dollar has remained buoyant amid a backdrop of tumbling stock markets and commodities, with what had been a risk-wary sentiment giving way to a more decidedly risk-off sentiment. The DXY dollar index has seen a narrow range so far today, holding just of yesterday's 10-day high at 90.88. Read more

XE Market Analysis: Europe - Jan 28, 2021

By: XE Market Analysis

The dollar has remained buoyant amid a backdrop of tumbling stock markets and commodities, with what had been a risk-wary sentiment giving way to a more decidedly risk-off sentiment. The DXY dollar index has seen a narrow range so far today, holding just of yesterday's 10-day high at 90.88. Read more

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