XE Market Analysis: Europe – Nov 26, 2020

The dollar has remained soft. Although risk appetite has waned in global markets, it hasn’t been sufficient to warrant safe haven positioning, which would have put the U.S. currency in demand. Worse than expected U.S. jobless claims caught attention, despite strong durable orders and home sales data, given the course to more Covid-related restrictions in many states. The FOMC minutes disappointed expectations for more QE, too, which along with the delay in a fiscal relief package, can be taken to increase downside risk to the U.S. economic outlook over the months ahead.