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XE Market Analysis: North America - Jan 27, 2021

By: XE Market Analysis

The DXY dollar index recovered most of the declines seen yesterday in lifting to a high at 90.47. A turn lower across European equity markets saw the dollar find some safe haven demand, while remarks from ECB member Knot provided a reminder that policymakers at the central bank are not too enamoured by euro's recent appreciation. Read more

XE Market Analysis: Europe - Jan 27, 2021

By: XE Market Analysis

The dollar and most currencies have remained in idling mode, as are global asset markets. The DXY dollar index has been seeing narrow ranges just above the week's low at 90.08. EUR-USD, USD-JPY and most other dollar pairings have been seeing a similar directionally uneventful price action. Read more

XE Market Analysis: Asia - Jan 26, 2021

By: XE Market Analysis

The Dollar stumbled slightly in morning trade on Tuesday, seeing the DXY dip from 90.61 to 90.12 lows, before recovering slightly to 90.30. Incoming data saw a better consumer confidence outcome, a softer Richmond Fed index, and firmer housing prices. Read more

XE Market Analysis: North America - Jan 26, 2021

By: XE Market Analysis

The dollar rose and then ebbed, tracking first a drop in most Asian stock markets and then steadying as investor risk appetite improved during the European morning session, where stock markets saw a rebound following quite sharp declines in recent sessions, despite ongoing anxieties about the Covid impact. Read more

XE Market Analysis: Europe - Jan 26, 2021

By: XE Market Analysis

Dollar firmness has been ensuring amid risk-wary conditions across asset markets, despite U.S. Treasury yields having dropped sharply over the last day, eroding the dollar's yield differential advantage against peers. This indicates that the market is utilizing the dollar as a safe haven vehicle once again, with the DXY dollar index vaulting to a six-day high at 90.59. Read more

XE Market Analysis: Asia - Jan 25, 2021

By: XE Market Analysis

The Dollar was steady in early N.Y. trade, with the DXY idling between 90-25 and 90.35 through mid-morning. Wall Street started the session mostly higher, though reversed course quite sharply lower after the open. This resulted in safe-haven USD demand, which later took the DXY to 90.52 highs. Read more

XE Market Analysis: North America - Jan 25, 2021

By: XE Market Analysis

The dollar majors have been trading without direction. European stock markets declined modestly, failing to sustain the positive vibe that was seen across Asian markets, which were lifted by data showing China had received $163 bln of foreign direct investment inflows in 2020, more than the U.S. Read more

XE Market Analysis: Europe - Jan 25, 2021

By: XE Market Analysis

The dollar is modestly lower amid a risk-on backdrop in asset markets. Data showing China had received $163 bln of foreign direct investment inflows, more than the U.S. received, boosted sentiment across Asian equity bourses. The MSCI Asia-Pacific came within a whisker of a new record high. Read more

XE Market Analysis: Asia - Jan 22, 2021

By: XE Market Analysis

FX trade was choppy on Friday, leaving the DXY gyrating in a relatively narrow range between 90.06 and 90.30. Early risk-off conditions resulted in some safe-haven USD buying, though as Stocks moved off their worst levels, the Greenback faded again. Incoming U.S. Read more

XE Market Analysis: North America - Jan 22, 2021

By: XE Market Analysis

The dollar has traded mostly firmer up on a safe haven bid with the reflation trade having come to a firm stop. The DXY dollar index lifted moderately to a 90.26 high after basing out at a nine-day low at 90.05. The greenback still lost ground to the euro, which outperformed as market participants continued to adjust to the less dovish than anticipated ECB policy statement of yesterday. Read more

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