XE Market Analysis: Asia – Dec 07, 2020

The Dollar showed signs of a rally in overnight trade, though USD sellers quickly emerged at the N.Y. open, taking the DXY from 91.24 highs to 90.71 lows. Brexit uncertainty saw risk-taking levels sink, leaving Wall Street mostly lower, and Treasury yields under pressure. In addition, Covid worries remained, as cases and deaths in the U.S. continue to rise sharply. There was no data to move markets on Monday, and indeed this week is quite quiet on the economic front, with CPI and PPI highlighting.