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Currency Market

By in Markets on September 19, 2020
MARKETS • Currencies
A 'blue wave' would be a 'perfect storm' for global and emerging market assets: StanChart
October 21, 2020
Most Asian currencies may do "extremely well" in the aftermath of a Biden victory and a "blue wave," says Eric Robertsen of Standard Chartered Bank.
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XE Market Analysis: Asia - Oct 20, 2020
October 20, 2020
The Dollar was lower on Tuesday, with risk-on conditions weighing. The DXY fell to a one-month low of 93.00, down from 93.29 at the open. Wall Street rallied, as renewed hopes for a fiscal stimulus package brought in buyers. Pelosi and Mnuchin are set to hold another round of talks on Tuesday, after it was reported that differences are being narrowed. It remains to be seen if a package is agreed to before the election just two-weeks away. Treasury yields were slightly firmer. For data, September U.S. housing starts missed consensus, but had little impact on markets.
XE Market Analysis: North America - Oct 20, 2020
October 20, 2020
The euro has rallied against peer currencies. The common currency was showing, as of the late London morning, a near 0.5% gain on the dollar, and slightly more than this in the case against the yen, alongside gains of 0.7% and 0.9% versus the Australian and New Zealand dollars. EUR-USD printed a one-week high at 1.1818 while EUR-JPY ascended into eight-day high terrain. Underpinning was the EU's first offering of social bonds designed to finance a jobs program received orders of more than EUR 233 bln.
XE Market Analysis: Europe - Oct 20, 2020
October 20, 2020
The Australian dollar continued to weaken, this time with RBA Assistant Governor Kent saying that the board is considering another easing, which backed up the Governor Lowe's recent messaging, that a rate cut and other monetary easing measures are in the works. AUD-USD, which has dropped every day since last Monday, fell by nearly 0.5% in posting a three-week low at 0.7031. The November ASX 30-day interbank cash rate futures is indicating about a 75% expectation for the RBA to cut the official cash rate by 25 bp to 0.00% at the board meeting on November 3.
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Currency Insights
Canadian Dollar Outlook: Retail Sales Data May Fuel USD/CAD Downtrend
October 21, 2020
Retail sales and inflation data is likely to dictate the outlook for the Canadian Dollar after the Bank of Canada confirmed negative rates remain part of the toolkit.
Crude Oil Prices Edge Higher on Weaker US Dollar, EIA Report in Focus
October 21, 2020
WTI crude oil prices attempted to break a key resistance level at US$ 41.50, buoyed by a weaker US Dollar and US stimulus hopes. Wednesday’s release of EIA crude inventory data is in focus next.