XE Market Analysis: Asia – Oct 21, 2020

Comments are off

The Dollar was choppy in N.Y. trade on Wednesday, though ultimately ended lower overall. The DXY printed a seven-week low of 92.47, down from early highs of 92.83. The USD tended to move in the opposite direction to the risk-backdrop, which shifted through the session on the back of stimulus concerns, the election and Covid. Wall Street spent the day traversing between modest gains to modest losses. Treasury yields were slightly higher. There was no incoming data of note. EUR-USD rallied from opening lows of 1.1841 to 1.1881.