XE Market Analysis: Asia – Oct 20, 2020

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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.