XE Market Analysis: Asia – Aug 21, 2020

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Friday saw the Dollar put in a little distance from the 27-month lows seen earlier in the week. The DXY topped at 93.47 up from 92.58 overnight lows, and the trend lows of 92.13 seen on Tuesday. The Greenback found some support from the uptick in the August Markit manufacturing and services PMIs, along with a record rise in existing home sales. Wall Street largely struggled above water as the desire for risk waned. The usual suspects were at play — virus, recovery, and politics. Treasury yields were flat to slightly lower.