XE Market Analysis: Asia – Dec 02, 2020

The Dollar attempted to move higher through the London morning session, though again came under pressure through the N.Y. session. The DXY touched lows not seen since April of 2018, bottoming at 91.11, and down from opening highs of 91.50. USD losses came on the back of a largely disappointing ADP jobs report. Wall Street opened lower, with profit taking initially a driver following the record NASDAQ and S&P 500 closes on Tuesday.