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Currency Market

By in Markets on September 19, 2020
MARKETS • Currencies
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XE Market Analysis: Asia - Jan 15, 2021
January 15, 2021
The Dollar rallied in N.Y. on Friday, seeing the DXY print one-month highs of 90.77, up from 90.43 in early trade. Despite some data misses and lower Treasury yields, the USD posted gains against all major currencies. Hopes for a more efficient rollout of Covid vaccines, and a quicker economic recovery supported the Greenback. Wall Street spent the session in the red, with a sell-the-fact reaction setting in following Biden's detailing of his massive $1.9 tln stimulus package. Stocks were pressured on concerns for massive deficit spending along with tax hikes to fund the plan.
XE Market Analysis: North America - Jan 15, 2021
January 15, 2021
The dollar has traded moderately firmer, while modest weakness has been seen in the euro and yen, alongside a smidgen of firmness in the Canadian dollar. EUR-USD edged out a two-day low at 1.2136, which is 4 pips shy of the 24-day low that was seen earlier in the week. A lift in the 10-year U.S. T-note yield back above 1.1%, alongside the continued resonance of ECB Lagarde and Villeroy's rhetorical shot across the bows of euro bulls yesterday, seems to have maintained EUR-USD's heaviness. U.S.
XE Market Analysis: Europe - Jan 15, 2021
January 15, 2021
The dollar has traded firmer amid a backdrop of sputtering global stock markets, which, having lifted yesterday on reports of a $2 tln fiscal stimulus package from president-elect Biden, dropped back after he confirmed the package would total $1.9 tln. Market participants overlooked remarks from Fed Chairman Powell, who ruled out raising interest rates anytime soon while rejecting suggestions the central bank might start reducing its bond purchases in the near term, while the PBoC today conducted a liquidity-draining operation that added to a bearish tone in Chinese and other Asia markets.
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US Dollar Rebound in Focus Ahead of US Presidential Inauguration
January 16, 2021
The US Dollar breaks out of the range bound price action from the first of January going into the inauguration of President-elect Joe Biden.
Australian Dollar Outlook: Tied to Biden Stimulus Bets, S&P 500, US Dollar, Treasuries
January 16, 2021
The Australian Dollar sits on the crossroads of Treasury yields, the S&P 500 and US fiscal stimulus expectations. Will AUD/USD gains slow? Chinese Q4 GDP and Australian jobs data are due.