XE Market Analysis: Asia – Nov 05, 2020

The Dollar was largely range-bound through the N.Y. session, after broadly losing ground overnight. The USD was steady following the FOMC announcement, where no tweaks to policy were made, as widely expected. The greenback had fallen sharply the past two-sessions, as prospects for a split Congress supported risk-taking levels, putting pressure on the safe-haven USD. Equities have been happy with the potential for no increase in regulation or massive tax hikes under a divided Congress. With U.S.