XE Market Analysis: Europe – Nov 09, 2020

The dollar has posted fresh trend lows, continuing last week’s weakening theme. It’s notable that the dollar has continued to decline despite Friday’s unambiguously solid U.S. jobs report and that it has remained heavy in the new week, which is revelatory of where sentiment is with regard to the U.S. currency. The ongoing dollar weakness has hinged on ongoing risk-off positioning in global markets, which has been lifting stock markets and most commodity prices.