XE Market Analysis: Asia – Nov 19, 2020

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As was the case on Wednesday, the Dollar attempted to rally early, though ultimately ran out of gas and later turned modestly lower on the session. The DXY topped at 92.68 before falling to 92.45 lows. Incoming data was mostly better than expected. Initial claims were higher than forecasts, though continuing claims fell sharply. Existing home sales rose to levels last seen in 2005 while leading indicators were in line, and the Philly Fed index fell less than expected. Wall Street was mixed, with rising virus concerns seeing the stay-at-home stocks (tech) outperform.