XE Market Analysis: Asia – Nov 25, 2020

The Dollar was mostly lower in N.Y. on Wednesday, resulting in a fresh three-month low for the DXY. The index touched 91.92 lows, levels last seen on September 1. A barrage of incoming U.S. data was mixed, though overall weighed some on the Greenback. Revised GDP was unchanged from its initial print, while initial jobless claims were higher than expected, while earnings were soft, though expenditures solid. Factory orders rose more than forecast, while new home sales were stronger. The jobs data likely highlighted the potential deterioration of the labor market, as Covid cases run rampant.