XE Market Analysis: North America – Oct 21, 2020

The dollar underperformed while the pound outperformed and the yen, diverging from its usual close correlation with the dollar, was measuring as the second strongest of the main currencies. Global stock markets have been skittish, with European indices dropping and U.S. equity index futures giving back gains in returning to near net unchanged levels. Sterling has rallied quite strongly, showing a 0.8% gain on the dollar at prevailing levels, although 20 pips or so off the one-week high that was seen earlier at 1.3064. EUR-GBP is back under 0.9100 and down nearly 0.5%.