Category: Financial Markets

Financial markets news from external sources.

XE Market Analysis: Asia – Jul 07, 2020

The Dollar was choppy, but little changed overall in N.Y. trade on Tuesday, generally reacting to the risk backdrop. There was no data to move markets, though Wall Street posted losses as investors have a rethink, at least for now, on the economic growth outlook, as COVID hot spots continue to slow reopenings around the… Read more »

XE Market Analysis: North America – Jul 07, 2020

The dollar has settled higher after drifting lower yesterday. This came with global stock market, ex-China, having corrected after rallying yesterday. The MSCI Asia-Pacific stock index ebbed back from yesterday’s four-and-a-half-month peak, which was the culmination of a 7% rally over a five-day period. The pan-Europe STOXX 500 index was showing a loss of just… Read more »

XE Market Analysis: Europe – Jul 07, 2020

The dollar has settled moderately higher after drifting lower yesterday. This came with stock markets in Asia, ex-China, along with U.S. equity futures, having corrected a portion of yesterday’s rally. The MSCI Asia-Pacific stock index corrected from yesterday’s four-and-a-half-month peak, which was the culmination of a 7% rally over a five-day period. The main Chinese… Read more »

XE Market Analysis: Asia – Jul 06, 2020

The DXY fell to nearly two-week lows of 96.57 in early N.Y. trade on Monday, down from 97.19 highs seen in early Asia. Global risk-on conditions, driven by Chinese state media’s more positive view on a domestic recovery, further underpinned sentiment following the robust U.S. jobs report on Thursday. Also, the initial rebound from lockdowns… Read more »

XE Market Analysis: North America – Jul 06, 2020

Risk-on positioning has been ensuing so far today, which in forex markets has meant underperformance in the dollar and yen and outperformance in the Australian dollar. A 5%-plus surge in the main blue chip stock indices in China, which propelled the Shanghai Composite index to a five-year high, led a broader rise in other asset… Read more »

XE Market Analysis: Europe – Jul 06, 2020

Currencies have been trading in a risk-on formation, which has meant underperformance in the dollar and yen and outperformance in the Australian dollar. A 5% surge in the main blue chip stock indices in China, which propelled the Shanghai Composite index to a five-year high, led a broader rise in other asset markets. Derestricting travel… Read more »

XE Market Analysis: North America – Jul 03, 2020

The main dollar pairings and crosses have mostly been holding within their respective Thursday ranges. The dollar itself consolidated its post-payrolls gains, while stock markets in Asia-Pacific rallied, though European equities retreated, having yesterday reacted to the U.S. jobs report. Yesterday’s data affirmed a solid employment rebound that’s been seen in the U.S. over May… Read more »

XE Market Analysis: Europe – Jul 03, 2020

Little change on the forex front, with the main dollar pairings and crosses holding within their respective Thursday ranges. The dollar itself consolidated its post-payrolls gains, while stock markets in Asia-Pacific extended the rally in global asset markets following the affirmation of a solid employment rebound in the U.S. in June. The narrow trade-weighted USD… Read more »

XE Market Analysis: Asia – Jul 02, 2020

The Dollar was choppy in N.Y. on Thursday, though ultimately ended up slightly on the session overall. It was a busy U.S. data day, headlined by the June employment report which saw non-farm payrolls surge 4.800 mln. Initial claims were somewhat disappointing, though factory orders surged more than expected. Wall Street and Treasury yields shot… Read more »

XE Market Analysis: North America – Jul 02, 2020

The dollar and yen have taken a rotation lower as global stock markets rose on hopes about a vaccine for the coronavirus. Pfizer and Germany’s BioNTech, developing one of the 150-plus candidate vaccines, reporting good results in early-stage human trials. In the mix are expectations for the upcoming release of the U.S. Source: XE… Read more »

XE Market Analysis: Europe – Jul 02, 2020

The dollar and yen have traded moderately softer against most other currencies. USD-JPY has settled in the low-to-mid 107.00s after dropping back from the three-week high that was seen early yesterday. Other yen crosses, including the risk-sensitive AUD-JPY cross, have seen a similar price action, with the yen losing haven demand as global stock markets… Read more »

XE Market Analysis: North America – Jul 01, 2020

The dollar has been trading neutrally while the yen has firmed up after initially posting fresh lows amid a bout of selling at the Tokyo fixing today. The yen’s demand was safe haven related, being concomitant with a backdrop of flagging stock markets in the Asia-Pacific region. The Nikkei 225, for instance, closed with a… Read more »

XE Market Analysis: Europe – Jul 01, 2020

The dollar has been trading neutrally while the yen has firmed up after initially posting fresh lows amid a bout of selling at the Tokyo fixing today. The yen’s demand was safe haven related, being concomitant with a backdrop of flagging stock markets in the Asia-Pacific region. The Nikkei 225, for instance, closed with a… Read more »

XE Market Analysis: Asia – Jun 30, 2020

The DXY printed a near one-month high of 97.80 early in the N.Y. session on Tuesday, before spending much of the morning session pulling back to 97.23 before steadying. Incoming data was mixed, revealing a weaker than consensus Chicago PMI, and a better consumer confidence outcome. Wall Street was mixed as well, with the NASDAQ… Read more »

XE Market Analysis: North America – Jun 30, 2020

The dollar has traded modestly firmer, although ranges have been fairly narrow so far today. European stock markets sputtered, as S&P 500 futures, while Asian stock markets gained moderately. Pandemic-related nervousness about the global economic outlook continues to vie with incoming May and June data that are mostly showing a strong rebound from the April… Read more »

XE Market Analysis: Europe – Jun 30, 2020

The dollar has traded modestly firmer, although most pairings have remained within their respective Monday ranges so far today. S&P 500 futures ebbed back, while Asian stock markets gained moderately. Pandemic-related nervousness about the global economic outlook continues to view with incoming May and June data that are mostly showing a strong rebound from the… Read more »

XE Market Analysis: Asia – Jun 29, 2020

The Dollar was mostly higher in N.Y. trade on Monday, supported by much better than expected pending home sales and Dallas Fed index outcomes. The DXY rallied to 97.64 from opening lows of 97.13. Wall Street was sharply higher, despite ongoing virus concerns, buoyed by the data, and renewed hopes for a V-shaped economic recovery…. Read more »

XE Market Analysis: Europe – Jun 29, 2020

The dollar has traded mostly softer so far today. Asian stock markets have tumbled, though U.S. equity index futures have posted moderate gains, rebounding a little after closing quite sharply in the red on Wall Street on Friday. The yen concurrently traded with a neutral-to-softer bias, despite the risk-off backdrop in regional equity markets, which… Read more »

XE Market Analysis: North America – Jun 26, 2020

Narrow ranges with a modicum of yen firmness have been prevailing against a backdrop of higher equity markets in Europe and Asia, which have tracked Wall Street gains, though U.S. equity index futures have shown little directional impulse. China markets were closed for a second day, and will reopen on Monday. Concerns about a new… Read more »

XE Market Analysis: Europe – Jun 26, 2020

Narrow ranges have been prevailing against a backdrop of moderate gains across Asia-Pacific equity markets, which have tracked Wall Street gains, though U.S. equity index futures have posted modest declines. China markets were closed for a second day. Concerns about a new wave of coronavirus cases as economies reopen (the U.S. reported a fresh high… Read more »

XE Market Analysis: Asia – Jun 25, 2020

The Dollar rallied into the N.Y open on Thursday, perking up as risk appetite fell through the European morning session. Wall Street was choppy, swapping gains for losses several times through the session. The moves came as investors battled between increasing virus outbreaks and hopes for economic recovery. Risk levels stabilized some later in the… Read more »

XE Market Analysis: North America – Jun 25, 2020

The dollar has lifted amid a backdrop of wobbling stock markets. News of a new ECB Eurosystem repo facility to provide euro liquidity to central banks outside the Eurozone, seemed to give stock markets in Europe a boost after a negative session in Asia, though evidently not enough to offset concerns about surging coronavirus cases… Read more »

XE Market Analysis: Europe – Jun 25, 2020

The dollar has lifted amid a backdrop of tumbling stock markets across the Asia-Pacific region, and with U.S. equity index futures extending lower following the negative close on Wall Street yesterday. Markets in Hong Kong and mainland China have been closed today. Source: XE news feed XE Market Analysis: Europe – Jun 25, 2020

XE Market Analysis: Asia – Jun 24, 2020

The Dollar rallied in N.Y. on Wednesday, taking the DXY to highs of 97.11 from overnight lows of 96.55. The USD headed higher largely on safe-haven flows, as the sharp rise in U.S. virus cases saw risk-taking levels evaporate, with fears rising that the tentative economic recovery could come undone if current cases continue to… Read more »

XE Market Analysis: North America – Jun 24, 2020

Most dollar pairings have been holding within their respective Tuesday ranges, while the New Zealand dollar fell by nearly 1% on dovish RBNZ policy guidance, and the pound managed to eke out a six-day high during the Asia-Pacific session before turning lower. EUR-USD recouped to around the 1.1300 level from the intraday low at 1.1270,… Read more »

XE Market Analysis: Europe – Jun 24, 2020

The dollar majors have been plying narrow ranges so far today, mimicking the narrow range in S&P 500 futures, while markets across the Asia-Pacific region have rallied following the bullish close on Wall Street yesterday. The massive amount of liquidity and the anticipation more fiscal relief measures have been buoying equity markets. Source: XE… Read more »

XE Market Analysis: Asia – Jun 23, 2020

The Dollar fell further in N.Y. on Tuesday, taking the DXY to near two-week lows of 96.39 from 96.93, before edging back up to 96.67. Another risk-on session saw broad USD selling emerge at the open, as unwinding of safe-haven flows emerged. Wall Street rallied, while Treasury yields were slightly lower. EUR-USD headed to 1.1349… Read more »

XE Market Analysis: North America – Jun 23, 2020

The news flow today caused a brief risk-off burst in Asia-Pacific markets followed by a sharp recovery. In currencies, this transpired as a bout of dollar and yen outperformance alongside a sharp drop in risk-sensitive currencies such as the Australian dollar, followed by a quick reversal. The cause was miscommunication from the White House. … Read more »

XE Market Analysis: Europe – Jun 23, 2020

The news flow today caused a brief risk-off burst in Asia-Pacific markets followed by a sharp recovery. In currencies, this transpired as a bout of dollar and yen outperformance alongside a sharp drop in risk-sensitive currencies such as the Australian dollar, followed by a quick reversal. The cause was miscommunication from the White House. … Read more »

XE Market Analysis: Asia – Jun 22, 2020

A largely risk-on N.Y. session on Monday weighed on the Dollar as safe-haven flows were reversed, seeing the DXY pull back from Friday’s three-week high of 97.72, to a low of 97.01. Wall Street headed moderately higher after opening in the red, while Treasury yields were little changed. Incoming U.S. data had May exiting home… Read more »

XE Market Analysis: North America – Jun 22, 2020

The dollar dropped back after a short-lived pop higher at the open in Asia-Pacific trading today, inversely correlating with a 0.7%-plus rally in S&P 500 futures, which pointed to an opening gain on Wall Street that would more than reverse Friday’s losses. The narrow trade-weighted USD index (DXY) saw a three-week high at 97.74 at… Read more »

XE Market Analysis: Europe – Jun 22, 2020

The risk-sensitive currencies rebounded from early losses, as stocks in the Asia-Pacific region lifted out of early losses, for the most part, while S&P 500 futures managed gains of 0.5%, wiping out the decline seen during the regular Wall Street session on Friday. AUD-USD printed a one-week low at 0.6085 before rebounding to an intraday… Read more »

XE Market Analysis: Asia – Jun 19, 2020

The Dollar was mostly higher in N.Y. trade on Friday, causing the DXY to rally to near three-week highs of 97.71, after opening at 97.16. The only U.S. data were Q1 current account figures, which saw the deficit narrow slightly, though had no market impact. Wall Street opened higher, though turned red on profit taking… Read more »

XE Market Analysis: North America – Jun 19, 2020

The dollar has been trading mostly narrow ranges against most other currencies, though gained again the pound, which came under fresh pressure, extending a two-week phase of underperformance that the UK currency has been seeing. Cable printed an 18-day low at 1.2378, while EUR-GBP posted a three-week high at 0.9050, which is within 6 pips… Read more »

XE Market Analysis: Europe – Jun 19, 2020

Narrow ranges have been prevailing among dollar pairings and cross rates against a backdrop of uncertainty in global markets. Most stock markets have lifted out of lows over the last day, though many indices still remain below highs seen earlier in the week. China’s CSI managed to edged out a three-and-a-half-month high, but Japan’s Nikkei… Read more »

XE Market Analysis: Asia – Jun 18, 2020

Major Dollar pairings were mostly higher in N.Y. on Thursday, with safe-haven demand driving the DXY to two-week highs of 97.58 from morning lows of 97.24. The Greenback’s move higher came on fresh safe-haven buying following a much better Philly Fed index bounce, though a significantly higher than expected jobless claims print, and on increasing… Read more »

XE Market Analysis: North America – Jun 18, 2020

The dollar has been mostly steady, though lost modest ground to the yen, which found a moderate safe haven bid during the Tokyo session, while gaining ground against the pound during the London morning, into the BoE policy announcement. The UK currency racked up losses of over 0.4% against the dollar and euro, and most… Read more »

XE Market Analysis: Europe – Jun 18, 2020

The yen edged higher against most other currencies on a moderate safe haven bid as global equity markets continued a sputtering price action. A tussle between glass-half-full and glass-half-empty viewpoints continues to play out in global markets. In question is the scope for richly valued asset prices to sustain amid signs that reopening economies are… Read more »

XE Market Analysis: Asia – Jun 17, 2020

The Dollar was modestly higher in N.Y. trade on Wednesday, benefiting from safe-have buying as risk taking levels moderated on the back of new virus outbreaks in some U.S. states, and a fresh outbreak in Beijing. Wall Street was mixed early, though perked up some ahead of the close. Incoming U.S. data had May housing… Read more »

XE Market Analysis: North America – Jun 17, 2020

The dollar and yen nudged higher against most other currencies amid a backdrop of global stock markets that have lost upside momentum. Equity markets in both the Asia-Pacific and European regions flagged, and while S&P 500 futures were showing a 0.4% gain, heading into the New York interbank open, they remained off the highs seen… Read more »

XE Market Analysis: Europe – Jun 17, 2020

The dollar majors have been lacking direction amid a backdrop of global stock markets that have lost upside momentum. Most dollar pairings and cross rates have so far remained comfortably within their respective Tuesday ranges. Stock markets in Asia-Pacific flagged, and while S&P 500 futures were showing a 0.3% gain, as of the early London… Read more »

XE Market Analysis: Asia – Jun 16, 2020

The Dollar caught a bid in N.Y. morning trade on Tuesday, supported by a blowout U.S. May retail sales report, which saw a record 17.7% rise. Industrial production data was better than consensus forecasts as well. Wall Street was sharply higher, stumbling just briefly after a fresh virus breakout in Beijing prompted China officials to… Read more »

XE Market Analysis: North America – Jun 16, 2020

The dollar and yen weakened against most currencies as risk appetite picked back up, catalysed by a Bloomberg News report that the Trump administration is preparing a near $1 tln infrastructure proposal, which followed hot on the heels of the Fed commencing its corporate bond buying program. These developments have been tonic for markets, which… Read more »

XE Market Analysis: Europe – Jun 16, 2020

The dollar and yen took a downward shift against most currencies as risk appetite picked back up, catalysed by a Bloomberg News report that the Trump administration is preparing a near $1 tln infrastructure proposal, along with the Fed detailing its corporate bond purchasing program, which it confirmed started yesterday. These developments have been tonic… Read more »

XE Market Analysis: Asia – Jun 15, 2020

After rallying some overnight, the Dollar eased modestly in N.Y. on Monday. The USD had climbed through the Asian and European morning session on safe-haven buying, as heightened concerns over the rising spread of the virus supported. Wall Street opened sharply lower, though as it pared losses, Dollar flows were reversed, taking the DXY to… Read more »

XE Market Analysis: North America – Jun 15, 2020

The dollar and yen rose and commodity currencies underperformed amid safe haven positioning in global markets. Stock markets in the Asia-Pacific have declined sharply, and S&P 500 futures racked up a loss of nearly 3% at the lows (subsequently retracing to a 2% loss), while oil prices were showing a near 5% at the lows…. Read more »

XE Market Analysis: Europe – Jun 15, 2020

The dollar and yen rose and commodity currencies underperformed amid safe haven positioning in global markets. Stock markets in the Asia-Pacific have declined sharply, and S&P 500 futures racked up a loss of nearly 3% at the lows (subsequently retracing to a 2% loss), while oil prices were showing a near 5% at the lows…. Read more »

XE Market Analysis: Asia – Jun 12, 2020

The DXY headed to highs of the week in N.Y. on Friday, topping at 97.24, up from early lows of 96.63. Data saw May import prices and the University of Michigan sentiment index rise more than expected , which appeared to have supported the Dollar to a degree, as well as Wall Street. Stocks headed… Read more »

XE Market Analysis: North America – Jun 12, 2020

The dollar and yen fell back during the London morning after earlier posting fresh highs. Risk appetite picked up, reflected by a rebound in stock markets in Europe, and in S&P 500 and Nasdaq future, which with respective gains of around 2% and 1.5% retraced about a third of yesterday’s regular-session decline. This also helped… Read more »

XE Market Analysis: Europe – Jun 12, 2020

The dollar and yen posted fresh highs against most other currencies, although managed to pare losses as the pre-London session in the Asia-Pacific region progressed, with U.S. equity index futures managing about a 1% rebound after closing sharply lower on Wall Street yesterday. Asian share markets, meanwhile, have been a sea of red, although most… Read more »

XE Market Analysis: Asia – Jun 11, 2020

After falling early in the session, the Dollar put in a modest recovery through the remainder of the session, taking the DXY from 96.01 to 96.67 highs. Incoming data included jobless claims, which were close to expectations, and May PPI, which saw the headline number rise more than expected. There was little FX reaction to… Read more »

XE Market Analysis: North America – Jun 11, 2020

The dollar and yen rallied on a safe haven bid after a downbeat Fed provided the spark to catalyze a correction in asset markets. The narrow trade-weighted USD index posting a two-day high at 96.49, recouping from yesterday’s three-month low at 95.98. The biggest loser out of the main currencies has been the risk-sensitive Australian… Read more »

XE Market Analysis: Europe – Jun 11, 2020

The dollar and yen have rallied on a safe haven bid after a realistically downbeat Fed provided the spark to catalyse a correction in asset markets. The narrow trade-weighted USD index posting a two-day high at 96.46, recouping from yesterday’s three-month low at 95.98. The biggest loser out of the main currencies has been the… Read more »

XE Market Analysis: Asia – Jun 10, 2020

The DXY was modestly lower in N.Y. morning trade, though inside of relatively narrow ranges ahead of the FOMC. Following the policy announcement, the Dollar edged initially higher, then fell following the FOMC announcement, where no policy changes were made, as-expected. The statement was nearly identical to the last one, but added “Financial conditions have… Read more »

XE Market Analysis: North America – Jun 10, 2020

The dollar pared intraday losses as European stock markets declined and U.S. equity index futures tipped lower, reversing overnight gains. A combo of lofty valuations and the proximity of the Fed policy announcement later today, which if nothing else is likely to reaffirm that further central bank stimulus is unlikely (unless the recovery from April’s… Read more »

XE Market Analysis: Europe – Jun 10, 2020

The dollar has traded softer, though remained above recent lows against most currencies. Stock markets have remained buoyant, but with waning momentum. The Nasdaq hit a fresh record high, while the MSCI Asia-Pacific index hit a fresh three-month high today, and though upside momentum flagged, S&P 500 and Nasdaq futures were still showing gains of… Read more »

XE Market Analysis: Asia – Jun 09, 2020

The DXY hit a fresh three-month low in N.Y. on Tuesday, bottoming at 96.23, down from 96.80 at the open, and from the 98.32 highs seen on June 1. Lower Treasury yields, and weak data appeared to weigh on the USD. Wholesale sales along with a near million drop in the JOLTS job openings were… Read more »

XE Market Analysis: North America – Jun 09, 2020

The yen rallied and the commodity currencies corrected as risk appetite turned sour. The dollar also gained versus most currencies, though still underperformed the yen. The risk-sensitive AUD-JPY led the way, racking up a 2% intraday loss, while AUD-USD dove by 1.5%. Lofty levels, with AUD-JPY last week reaching a 13-month high, and AUD-USD hitting… Read more »

XE Market Analysis: Europe – Jun 09, 2020

Yen crosses, led by risk-sensitive AUD-JPY, have come under pressure as the lofty levels — AUD-JPY posted a 13-month last week while AUD-USD today hit an 11-month peak — encouraged profit taking. AUD-JPY has dropped by over 1.3% today, while AUD-USD has lost nearly 1%. Yen outperformance, meanwhile, drove USD-JPY to sub-108.00 levels from levels… Read more »

XE Market Analysis: Asia – Jun 08, 2020

FX trade was fairly quiet in N.Y to start the week, though the Dollar overall remained under some pressure. The DXY traded from just over 97 to lows of 96.66 by late morning. There was no incoming data to move markets, though Wall Street posted further gains, and Treasury yields edged higher as economic reopening… Read more »

XE Market Analysis: North America – Jun 08, 2020

The dollar majors have remained in narrow ranges so far today, despite the continuing positive vibe from Friday’s unexpectedly encouraging U.S. May employment report. The data added fuel to the view that the global economic rebound from the pandemic nadir in April will be solid. A key question now, especially with many asset prices trading… Read more »

XE Market Analysis: Europe – Jun 08, 2020

The dollar majors have remained in narrow ranges so far today, despite rallying Asia-Pacific stock markets, which have been reacting to Friday’s unexpectedly encouraging U.S. May employment report, which added fuel to the view that the global economic rebound from the pandemic nadir in April will be solid. A key question now, especially with many… Read more »

XE Market Analysis: Asia – Jun 05, 2020

The DXY recovered some ground following the shock non-farm payroll increase, though not before printing new near three-month lows of 96.44. The index subsequently bounced to 97.01 highs at mid-morning in N.Y. The incredible 2.51 mln increase in jobs set risk-on into motion, resulting in steep gains on Wall Street, (the NASDAQ recorded all-time highs),… Read more »

XE Market Analysis: North America – Jun 05, 2020

The dollar picked up bids following remarks from China’s foreign secretary, who said that Beijing will take “countermeasures” against 33 U.S. entities. This sparked demand for the dollar as risk sentiment soured, causing a dip-from-highs in S&P 500 futures. The narrow trade-weighted USD index has lifted back above 96.80 after printing a fresh near-three-month low… Read more »

XE Market Analysis: Europe – Jun 05, 2020

The dollar and yen have resumed a weakening path, while the likes of the Australian and New Zealand dollars have led the outpeforming pack amid a backdrop of resuming risk-on positioning in global markets. The MSCI Asia-Pacific equity index is set to close out today with its biggest one-week rally since 2011. Markets are taking… Read more »

XE Market Analysis: Asia – Jun 04, 2020

Thursday was another rough day for the Dollar, as the DXY slipped to new near three-month lows of 96.60, down from opening highs of 97.54. The main driver of USD weakness remains the discounting of the Greenback’s save-haven premium. Higher than consensus weekly jobless claims, along with a wider April trade deficit had only limited… Read more »

XE Market Analysis: North America – Jun 04, 2020

The dollar and yen lifted today, benefiting from a correction in recent risk-off positioning in currency markets. This has seen both the dollar and yen recover some lost ground versus most other currencies, with the commodity currency group now playing an underperforming role. S&P 500 futures were showing a 0.6% loss heading into the Wall… Read more »

XE Market Analysis: Europe – Jun 04, 2020

A correction of recent risk-off positioning has been afoot in currency markets. This has seen both the dollar and yen recover some lost ground versus most other currencies, with the commodity currency group now playing an underperforming role. S&P 500 futures are showing a modest 0.3% loss, while Asia-Pacific markets have mostly posted moderate gains… Read more »

XE Market Analysis: Asia – Jun 03, 2020

The DXY hit its lowest level since March 12, printing 97.19 lows, after peaking at 97.62 into the N.Y. open. It was another risk-on session, as incoming data, including the ADP jobs report and factory orders were ugly, but not as bad as had been expected. Wall Street rallied to three-month highs, while Treasury yields… Read more »

XE Market Analysis: North America – Jun 03, 2020

More of the same, with the dollar and yen weakening while commodity currencies lead the outperforming pack as stocks and oil prices, and other industrial commodities, continued to rally. A risk-on cocktail of reopening global economies and expectations for further stimulus measures have been underpinning, which are for now offsetting concerns about U.S.-China tensions and… Read more »

XE Market Analysis: Europe – Jun 03, 2020

More of the same, with the dollar and yen weakening while commodity currencies lead the outperforming pack as stocks and oil prices, and other industrial commodities, continued to rally. A risk-on cocktail of reopening global economies and expectations for further stimulus measures have been underpinning, which are for now offsetting concerns about U.S.-China tensions and… Read more »

XE Market Analysis: Asia – Jun 02, 2020

The Dollar index hit new near two-month low of 97.43 into the N.Y. open, down from overnight highs of 97.91. Tuesday marked the sixth-consecutive lower daily low. After starting the session on a weaker footing, the USD made up some ground through the morning. EUR-USD printed trend highs of 1.1195, after opening at 1.1155. USD-JPY… Read more »

XE Market Analysis: North America – Jun 02, 2020

The dollar has remained soft with risk sentiment in global markets holding up. The narrow trade-weighted edged out a new low, at 97.43, which is the lowest level seen since March 16th. EUR-USD has remained buoyant, but has remained below yesterday’s 11-week high at 1.1188. USD-JPY remained in a narrow range in the mid-to-upper reaches… Read more »

XE Market Analysis: Europe – Jun 02, 2020

The dollar has remained soft with risk sentiment in global markets holding up, albeit with a weakening grip. Wall Street finished with modest gains yesterday, while S&P 500 futures are moderately in the negative, and while Asian markets and European index futures have gained, they are up by only a limited extent. U.S. Source:… Read more »

XE Market Analysis: Asia – Jun 01, 2020

The DXY fell to 12-week lows of 97.86 in London on Monday, later rallying back to 98.23 into the N.Y. open. Safe-haven USD buying was noted from the lows, following China’s announcement it would cut back on agriculture imports from the U.S. Since then, the USD saw some of those flows reverse out of the… Read more »

XE Market Analysis: North America – Jun 01, 2020

The dollar and yen reversed course and picked up safe haven demand after China upper the ante in its game of risk with the U.S. by withdrawing purchases for some American farm products, according to a Bloomberg report. The likes of EUR-USD, Cable and AUD-USD consequently turned lower. EUR-USD ebbed back to near the 1.1100… Read more »

XE Market Analysis: Europe – Jun 01, 2020

Both the dollar and yen weakened against a backdrop of rallying stock markets in the Asia-Pacific region. There was relief in markets that U.S. President Trump left the trade deal with China intact as he outlined on Friday measures against China following its ratification of the controversial Hong Kong security law. Ongoing social and economic… Read more »

XE Market Analysis: Asia – May 29, 2020

After falling to two-plus month lows of 97.95 overnight, the DXY recovered to 98.50 through the N.Y. session on Friday. It appeared that broad week and month-end buying was the main driver. For the data, the goods trade deficit widened, while personal income soared 10.5%, on government transfers (PPP). PCE plunged 12.6%, while Chicago PMI… Read more »

XE Market Analysis: North America – May 29, 2020

The yen has strengthened amid a sputtering price action in global equity markets, while the dollar, despite this backdrop, underperformed, including against commodity currencies. USD-JPY fell nearly 0.5% in posting an 11-day low at 107.08. EUR-JPY ebbed by about 0.3%, retracing around a half of yesterday’s rally in making a low at 118.18, which had… Read more »

XE Market Analysis: Europe – May 29, 2020

The yen has strengthened as risk-off sentiment took a grip, while the dollar, despite this backdrop, underperformed. USD-JPY fell nearly 0.5% in posting an 11-day low at 107.08. EUR-JPY ebbed by about 0.3%, retracing around a half of yesterday’s rally in making a low at 118.18, which had produced a two-month high at 119.42. AUD-JPY… Read more »

XE Market Analysis: Asia – May 28, 2020

The Dollar fell for the third straight session, leaving the DXY at two-month lows of 98.37, down from 99.97 highs seen on Monday. An improving outlook for reopening the economy amid general risk-on conditions, has continued to see safe-haven USD positions unwind. Wall Street was higher, with Treasury yields a bit lower on the back… Read more »

XE Market Analysis: North America – May 28, 2020

The dollar and yen have remained weak, albeit in the context of narrow ranges so far today. Global markets remain, overall, in risk-on mood, though geopolitical tensions about the Hong Kong issue saw the Hang Seng and main Chinese stock indices decline. China’s parliament did the expected and ratified the Hong Kong security law, and… Read more »

XE Market Analysis: Europe – May 28, 2020

The dollar and yen have remained weak, albeit in the context of narrow ranges so far today. Global markets remain, overall, in risk-on mood, though geopolitical tensions about the Hong Kong issue have seen the Hang Seng and main Chinese stock indices decline. The Nikkei 225 closed up 2.3% at its best level since February… Read more »

XE Market Analysis: Asia – May 27, 2020

The DXY headed lower into the N.Y. open on Wednesday, weighed down by risk-on conditions, which took the bid out of the safe-haven Dollar. Buyers stepped back in after the open, as Wall Street turned mixed. There was little in the way of data, though the Richmond Fed index, while still in negative territory, perked… Read more »

XE Market Analysis: North America – May 27, 2020

The dollar dropped back as risk appetite picked up on news that Japan and the EU are moving closer to finalizing massive recovery funds, along with hopes for extra ECB stimulus. The narrow trade-weighted USD index has tumbled back under 99.00 and printed a 24-day low at 98.72. Source: XE news feed XE Market… Read more »

XE Market Analysis: Europe – May 27, 2020

The dollar has picked up moderately amid a backdrop of geopolitical risk. While pro-democracy protests continued in Hong Kong’s central business district, reports came in that Beijing has expanded the scope of its Hong Kong security law to cover organisations as well as individuals. It will go before the Chinese parliament this week where it’s… Read more »

XE Market Analysis: Asia – May 26, 2020

The Dollar fell broadly in N.Y. on Tuesday, taking the DXY to three-week lows of 98.96, down from overnight highs of 99.77. Unwinding of USD long safe-haven positions drove the the Greenback’s move lower, as a strong bout of risk-on set in. The re-opening of the economy, along with positive news on the coronavirus vaccine… Read more »

XE Market Analysis: North America – May 26, 2020

The dollar and yen have weakened against most other currencies as risk appetite came coursing back. The narrow trade-weighted USD index (DXY) dipped by over 0.3% in printing a five-day low at 99.60, correcting from yesterday’s eight-day high at 99.97. EUR-USD concurrently lifted to a five-day high at 1.0973. Sterling, which is continuing to correlate… Read more »

XE Market Analysis: Europe – May 26, 2020

The dollar and yen have weakened against most other currencies as risk appetite came coursing back. The narrow trade-weighted USD index (DXY) dipped by over 0.3% in printing a four-day low at 99.53, correcting from yesterday’s eight-day high at 99.97. EUR-USD concurrently lifted to a four-day high at 1.0930. Sterling, which is continuing to correlate… Read more »

XE Market Analysis: North America – May 25, 2020

The dollar has remained buoyant amid narrow ranges in early-week trading so far. Conditions will be thin today with both UK and U.S. markets out for public holidays. Tensions between the U.S. and China continued to build over the weekend. Amid the developments, the U.S. will be adding anther 33 Chinese companies and institutions to… Read more »

XE Market Analysis: Europe – May 25, 2020

The dollar has remained buoyant amid narrow ranges in early-week trading so far. Conditions will be thin today with both UK and U.S. markets out for public holidays. Tensions between the U.S. and China continued to build over the weekend. Amid the developments, the U.S. will be adding anther 33 Chinese companies and institutions to… Read more »

XE Market Analysis: Asia – May 22, 2020

The Dollar rallied through the overnight session, as safe-haven flows headed to the USD following China’s likely legislation to crack down on Hong Kong’s autonomy. In N.Y. trade, the Greenback retained its bid, though narrow ranges prevailed with the major pairings, and activity slowed into the Long Memorial Day weekend. There were no incoming US…. Read more »

XE Market Analysis: North America – May 22, 2020

The dollar and yen are in outperforming mode as global stocks drop as China, at its annual National People’s Congress, confirmed that there will be a bill establishing “an enforcement mechanism for ensuring national security” for Hong Kong. U.S. President Trump had earlier said he would “react strongly” if Beijing proceeds with this plan, which… Read more »

XE Market Analysis: Europe – May 22, 2020

The dollar and yen are in outperforming mode as global stocks drop as China, at its annual National People’s Congress, confirmed that there will be a bill establishing “an enforcement mechanism for ensuring national security” for Hong Kong. U.S. President Trump had earlier said he would “react strongly” if Beijing proceeds with this plan, which… Read more »

XE Market Analysis: Asia – May 21, 2020

The Dollar was mostly firmer in the aftermath of the still bad, but generally better than expected U.S. data releases, which had jobless claims above forecasts, the Philly Fed index beat consensus, while leading indicators and existing home sales were less-bad than expected. USD-JPY had traded to 107.64 lows into the claims data, later making… Read more »

XE Market Analysis: North America – May 21, 2020

The dollar has picked up safe haven demand as stock markets flagged in Europe and the Asia-Pacific region, and with S&P 500 futures correcting most of the gains seen during Wednesday’s regular session on Wall Street. The narrow trade-weighted USD index rebounded to a high at 99.43, up from the 17-day low seen yesterday at… Read more »

XE Market Analysis: Europe – May 21, 2020

The dollar has picked up safe haven demand as stock markets flagged in the Asia-Pacific region, and with S&P 500 futures correcting most of the gains seen during Wednesday’s regular session on Wall Street. The narrow trade-weighted USD index rebounded to a high at 99.43, up from the 17-day low seen yesterday at 99.01. The… Read more »

XE Market Analysis: Asia – May 20, 2020

The DXY fell to near three-week lows of 99.01 on morning trade on Wednesday, later recovering some lost ground, and retracing to near 99.25. Wall Street rallied, and Treasury yields inched higher, as hopes for economic recovery set in. There were no data of noted. EUR-USD rallied to 1.0999, up from 1.0950, later heading back… Read more »

XE Market Analysis: North America – May 20, 2020

The dollar majors have been seeing narrow ranges while commodity currencies have lifted. Stock markets flagged somewhat in Asia and Europe, though S&P 500 futures have rallied by over 1%, pointing to a reversal of yesterday’s losses at the open of Wall Street today. There remains a level of dissonance in market sentiment, between the… Read more »

XE Market Analysis: Europe – May 20, 2020

Directionally challenged have been the major dollar pairings and associated cross rates so far today, which has come against a backdrop of flagging stock markets, although S&P 500 futures have managed a 0.5% gain in overnight trading after the cash version of the index close on Wall Street yesterday with a 1.05% loss. Optimism in… Read more »