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XE Market Analysis: Asia - Feb 24, 2020

By: XE Market Analysis

The Dollar was broadly lower in N.Y. on Monday, with losses coming despite the sharp risk-off backdrop due to the spike in non-China coronavirus cases. Profit taking was a feature after thee DXY was unable to test the 100.0 mark seen last week, and as EUR-USD failed to trade below the trend lows seen last week. Read more

XE Market Analysis: North America - Feb 24, 2020

By: XE Market Analysis

The dollar, yen and Swiss franc have outperformed amid a backdrop of tumbling stock markets, with risk aversion picking up on news of a continued rise in coronavirus infections outside China, particularly in South Korea, the Mideast and in Italy. Many countries in the Mideast have imposed travel restrictions, while the rise in infections in Italy raised the spectre of the virus gaining a foothold in Europe. Read more

XE Market Analysis: Europe - Feb 24, 2020

By: XE Market Analysis

The dollar, yen and Swiss franc have outperformed amid a backdrop of tumbling stock markets in Asia, with risk aversion picking up on news of a continued rise in coronavirus infections outside China, particularly in South Korea, the Mideast and in Italy. Read more

XE Market Analysis: Asia - Feb 21, 2020

By: XE Market Analysis

The USD took a hit in N.Y. trade on Friday, with the Dollar index falling to a four-session low after much weaker manufacturing and services PMIs. The DXY fell to 99.24, after opening at 99.75. The data knocked stock indices lower, sending cash scrambling into Treasuries, where yields were pressured. Read more

XE Market Analysis: North America - Feb 21, 2020

By: XE Market Analysis

The yen picked up safe have demand after tumbling sharply over the previous two days. Most stock markets rotated lower in Asia, and European bourses followed suit. New COVID-19 virus cases were reported in China, South Korea and elsewhere, which kept up the pressure on regional Asian currencies, while Japan's flash PMI survey for February showed a drop in the headline composite reading to 47.0 from 50.1, the steepest contraction in seven years. Read more

XE Market Analysis: Europe - Feb 21, 2020

By: XE Market Analysis

The yen picked up safe have demand after tumbling sharply over the previous two days. Most stock markets rotated lower in Asia after Wall Street closed in the negative. New COVID-19 virus cases were reported in China, South Korea and elsewhere, which kept up the pressure on regional Asian currencies, while Japan's flash PMI survey for February showed a drop in the headline composite reading to 47.0 from 50.1, the steepest contraction in seven years. Read more

XE Market Analysis: Asia - Feb 20, 2020

By: XE Market Analysis

The DXY topped at 99.91 into the N.Y. open on Thursday, levels last seen in April of 2017. The Dollar pulled back some through the morning session, though later headed back to near trend highs. Incoming U.S. data, including a better Philly Fed index, and in-line jobless claims had little FX market impact. Read more

XE Market Analysis: North America - Feb 20, 2020

By: XE Market Analysis

The yen has continued to underperform, and is showing a 2% decline against the dollar from yesterday's opening levels. USD-JPY printed a 10-month high at 112.19, and EUR-JPY posted a two-week high, at 121.09. There have been reports over the last day of major fund managers cutting yen longs against short regional Asian currency hedge positions, along with Japanese funds buying U.S. Read more

XE Market Analysis: Europe - Feb 20, 2020

By: XE Market Analysis

The yen has continued to underperform, and is showing a 1.7% decline against the dollar from yesterday's opening levels. USD-JPY printed a 10-month high at 111.88, and EUR-JPY posted a two-week high, at 120.63. There were reports yesterday of major fund managers cutting yen longs against short regional Asian currency hedge positions, along with Japanese funds buying U.S. Read more

XE Market Analysis: Asia - Feb 19, 2020

By: XE Market Analysis

The DXY topped at 99.71 in N.Y. on Thursday, making a 33-month high in the process. Warmer PPI, and a better than expected housing starts print provided the necessary Dollar support. EUR-USD printed fresh trend lows of 1.0782, down from near 1.0805 at the open. Read more

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