XE Market Analysis: Asia – Nov 12, 2020

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The Dollar was choppy but rangebound through the N.Y. session, seeing the DXY range between 93.03 and 92.85. Incoming data was mixed with October CPI coming cooler than expected, and initial and continuing claims dropping more than consensus. Neither had much impact on the USD, ass it largely meandered. Wall Street was lower on Covid concerns, as cases, hospitalizations, and death continues to rise in the U.S. In addition, Wall Street was not thrilled with Biden’s Covid adviser floating a 4-6 week U.S. lockdown. Treasury yields were lower.