XE Market Analysis: Europe – Dec 01, 2020

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The dollar and yen came back under pressure as risk-on positioning in global markets resumed. Most of the main dollar pairings and cross rates remained with recent ranges, though NZD-JPY saw a new one-year high, even as NZD-USD remained just off the 30-month high that was seen yesterday. The MSCI Asia-Pacific (ex-Japan) equity index rose over 1% after closing out November with a 9% on-the-month gain, which is the best monthly performance in 19 years. Japan’s Nikkei posted a new 29-year high. European and U.S. equity index futures are showing gains of nearly 1%.