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Currency Market

By in Markets on March 5, 2017
MARKETS • Forex
Turkey's plummeting lira could have further to fall, analysts say
August 13, 2020
The Turkish lira has depreciated rapidly since the turn of the year, recently notching its weakest ever level against the dollar, but analysts suggest the risks are still skewed to the downside.
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Australian Dollar Outlook Eyes S&P 500, Retail Sales After Chinese Data
August 14, 2020
The Australian Dollar is eyeing how the S&P 500 reacts to US retail sales after Chinese equivalent ones were released. Beyond that, AUD/USD could be at risk to US-China trade talks.
Dow Jones Hits Key Resistance, Nikkei 225 Clears its Own. Dax 30 Ranges
August 14, 2020
The Dow Jones Industrial Average tested a key resistance at 28,000 but failed to break through. Germany’s Dax fell 0.5% to just below 13,000.
AUD Cautiously Eyes Chinese Data Ahead of Sino-US Trade Talks
August 13, 2020
The Australian Dollar will be anxiously waiting for the release of Chinese economic data, but its excitement may be curbed by traders looking to upcoming Sino-US trade talks.
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Market Analysis
XE Market Analysis: Asia - Aug 13, 2020
August 13, 2020
The Dollar started Thursday's N.Y. session on a softer footing, though bottomed at mid-morning, spending the remainder of the day modestly on the rise. The DXY made its way from 92.94 lows to a high of 93.26. Encouraging drops in initial jobless claims and continuing claims ultimately helped USD sentiment. Wall Street was mixed, with the NASDAQ again outperforming. Treasury yields headed higher after a poor 30-year bond auction. EUR-USD headed from near 1.1825 to 1.1865, before dropping to near 1.1810. USD-JPY topped at 107.00, up from morning lows at 106.74.
XE Market Analysis: North America - Aug 13, 2020
August 13, 2020
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. yields into negative territory.