XE Market Analysis: Asia – Aug 20, 2020

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The Dollar came under broad pressure from mid-morning on Thursday, as if appeared the FOMC minutes driven boost has about run its course. In the scheme of things, even if the minutes were not as dovish as expected, the Fed continues to be in uber-easing mode, continuing to buy assets while virtually targeting the yield curve. In addition, interest rates are to stay near zero for years. As a result, the USD may remain under pressure for the foreseeable future, especially in COVID cases keep the U.S. economy constrained.