XE Market Analysis: Asia – Aug 06, 2020

The Dollar bounced from the fresh lows seen overnight, overall recovering through the London morning session. The USD posted modest gains in early N.Y. following improved initial and continuing jobless claims, though as Treasury yields turned sharply lower, the Greenback lost its modest bid, and headed down again. Wall Street was mildly firmer in choppy trade, with stocks gyrating as the market waits on Washington to deliver a fresh aid bill, though ended up bouncing later in the session. Ongoing uncertainty over the sustainability of the recovery remains an undercurrent as well.