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XE Market Analysis: North America - Aug 13, 2020

By: XE Market Analysis

The dollar is down for a second day, with the narrow trade-weighted USD index printing a six-day low at 93.03 to fully unwind the gains seen in the wake of last Friday's U.S. July jobs report. Market narratives have been attributing the dollar's weakening bias to the perception that the Fed has strategically dropped its concern about inflation risk, which has driven real U.S. Read more

XE Market Analysis: Europe - Aug 13, 2020

By: XE Market Analysis

The dollar is down for a second day, with the narrow trade-weighted USD index printing a six-day low at 93.08 to nearly fully unwind the gains seen in the wake of last Friday's U.S. July jobs report. Some market narratives have been attributing the dollar's ebb as being a return of the currency's inverse correlation with stock market direction, along with the perception that the Fed has strategically dropped its concern about inflation risk, which has driven real U.S. Read more

XE Market Analysis: Asia - Aug 12, 2020

By: XE Market Analysis

The Dollar was marginally lower overall in N.Y. on Wednesday, resulting in a DXY bottom of 93.29 from opening highs of 93.64. The USD has been suffering since the start of July, as pandemic concerns cloud the growth outlook, as the Fed remains in uber-easing mode, and more recently, growing fears that congress will not agree on a new stimulus bill. Read more

XE Market Analysis: North America - Aug 12, 2020

By: XE Market Analysis

The dollar ebbed back some after pegging fresh recovery highs against the euro and some other currencies. The narrow trade-weighted USD index fell back to levels around 93.50 after posting an eight-day high at 93.79. EUR-USD concurrently lifted back to the mid 1.1700s after carving out a nine-day low at 1.1711. Read more

XE Market Analysis: Europe - Aug 12, 2020

By: XE Market Analysis

The dollar is up for a fourth consecutive trading day, lifting narrow trade-weighted USD index to an eight-day high at 93.77. EUR-USD concurrently carved out a nine-day low at 1.1711, Cable a five-day low at 1.3017, and AUD-USD an eight-day nadir at 0.7110. Read more

XE Market Analysis: Asia - Aug 11, 2020

By: XE Market Analysis

The Dollar was modestly higher in N.Y. trade on Tuesday, taking the DXY from opening lows of 93.18 to a high of 93.53. Warmer than expected July PPI provided support to the USD, as did the resultant rise in Treasury yields. EUR-USD eased from 1.1807 highs to a low of 1.1757, ass USD-JPY topped at 106.57, up from early lows of 105.93. Read more

XE Market Analysis: Europe - Aug 11, 2020

By: XE Market Analysis

The narrow trade-weighted USD index edged out a one-week high at 93.71, making this the third consecutive trading day a higher high has been seen. A softer tone in the euro has in part given buoyancy to the index while pushing EUR-USD to a one-week low, at 1.1723. Read more

XE Market Analysis: Asia - Aug 10, 2020

By: XE Market Analysis

The dollar took a downward shift. USD-JPY posted a low at 105.72, which is less than 40 pips from the day's peak. Cable clocked a peak at 1.3104, marking a 50% retrace of Friday's drop. AUD-USD printed a high at 0.7185. Both Cable and AUD-USD remained below their respective trend highs that were seen last week, as did EUR-USD, which settled near the 1.1750 level. Read more

XE Market Analysis: North America - Aug 10, 2020

By: XE Market Analysis

The dollar has traded moderately firmer, seeing fresh rebound highs in the case against the euro. EUR-USD carved out a six-day low at 1.1753, extending the correction from the 27-month high that was pegged last Thursday at 1.1917. Friday's above-forecast U.S. Read more

XE Market Analysis: Europe - Aug 10, 2020

By: XE Market Analysis

The major currencies have been posting narrow ranges so far today in thin trading conditions, with Japan and Singapore closed for public holidays and with the summer holiday season in full swing in Europe and North America. EUR-USD settled in a narrow range just above Friday's six-day low at 107.55. Read more

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