XE Market Analysis: Asia – Dec 31, 2020

N.Y. FX trade was very quiet on the last day of the year, though the Dollar managed modest gains through the morning session. The DXY has made new trend lows of 89.52 in overnight Asian trade, though managed to rebound to 89.94 highs into the London close. The weekly jobless claims data likely helped USD sentiment to a degree, with both initial and continuing claims printing lower than expected outcomes. Wall Street traded either side of flat, while Treasury yields were little changed.

[EUR, USD]