XE Market Analysis: Asia – Nov 06, 2020

The DXY fell to its lowest level since September 1 in N.Y. trade on Friday, with the index printing four-straight lower daily lows this week. Pressure earlier came as risk-on conditions prevailed following the election, where most assumed a split Congress would keep taxes from rising and preserve business deregulation which has been seen four nearly four years. Chances are looking better now though, that the Democrats will run the election table, leaving them in control of Congress and the presidency.