XE Market Analysis: Asia – Oct 26, 2020

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The Dollar was firmer in N.Y. on Monday, with safe-haven flows into the unit driven by extreme risk-off conditions. The DXT topped at 93.11 in late morning, up from 93.92 into the open. Wall Street was crushed on renewed Covid fears, as infections spike around the country, and by near-zero chances for a Fiscal stimulus package by next week’s elections. The DJIA was down more than 3% intra day. Treasury yields were lower. Incoming data was mixed, with new home sales missing the mark, while the Dallas Fed index beat expectations. Neither had much impact on markets.