XE Market Analysis: Asia – Aug 03, 2020

The Dollar added to overnight gains early in N.Y. on Monday, though later faded following mixed U.S. data, which saw the July manufacturing ISM print slightly better, along with disappointing June construction spending figures. The DXY rallied from 93.38 lows overnight to a N.Y. high of 93.99, later fading under 93.60. Wall Street advanced as stronger than expected final PMIs out of the Eurozone, China, Japan and the U.S. the catalysts. The NASDAQ printed fresh record highs on an intra day basis. Treasuries remained weak. EUR-USD bottomed at 1.1696, later printing a high of 1.1758,.