XE Market Analysis: Asia – Jul 23, 2020

The DXY fell to levels last seen in September of 2018 in N.Y. on Thursday, as virus fears become heightened, and sentiment on U.S. growth going forward continues to slip. Today’s jobless claims were quite a bit higher than forecasts, which dented the Dollar, weighed heavily on stocks, and pressured Treasury yields. It will take more than a day to determine, though it is possible the Greenback may be losing some of its safe-haven appeal, as an uncertain economic outlook weighs. EUR-USD rallied to trend highs of 1.1627, from early lows of 1.1541. USD-JPY dipped to 106.79 from 107.24.