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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

XE Market Analysis: Asia - Aug 07, 2020

By: XE Market Analysis

The U.S. jobs report defied the market's downside fears with solid July job gains, and allowed the Dollar to rally into the weekend. While the NFP outcome was a bit light of consensus forecasts, it was good enough for markets to breath a sigh of relief. Read more

XE Market Analysis: North America - Aug 07, 2020

By: XE Market Analysis

The dollar rallied on position trimming into the U.S. payrolls report. The narrow trade-weighted USD index (DXY) posted a two-day high at 93.22, extending the rebound from the 27-month low seen yesterday at 92.53. EUR-USD has printed a two-day low at 1.1810 low and over a big figure down from yesterday's 27-month peak. Read more

XE Market Analysis: Europe - Aug 07, 2020

By: XE Market Analysis

The narrow trade-weighted USD index (DXY) posted a two-day high at 93.16, extending the rebound from the 27-month low seen yesterday at 92.53. EUR-USD concurrently retreated to a 1.1819 low, which is a pip shy of yesterday's low and 2 pips shy of making it a big figure correction from yesterday's 27-month peak. Read more

XE Market Analysis: Asia - Aug 06, 2020

By: XE Market Analysis

The Dollar bounced from the fresh lows seen overnight, overall recovering through the London morning session. The USD posted modest gains in early N.Y. following improved initial and continuing jobless claims, though as Treasury yields turned sharply lower, the Greenback lost its modest bid, and headed down again. Read more

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