XE Market Analysis: North America – Nov 20, 2020

Currencies have largely remained within recent range bounds. Risk appetite picked up during the European morning, which saw the dollar bloc currencies lift. Asian stock markets lifted after starting out weak, with the main indices across the region finishing in a mix of modest losses and modest gains. Europe’s Stoxx 600 was up 0.6%, and S&P 500 E-mini futures had pared intraday declines and were near flat heading into the New York interbank open. Base metal prices remain perky, with copper lifting to two-and-a-half-year highs while aluminium prices posted a new two-year high.