XE Market Analysis: Asia – Aug 25, 2020

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The dollar was stuck in narrow trading ranges in N.Y. on Tuesday, though remained near its recent highs. The DXY slipped early on, bottoming at 92.97, then bouncing to 93.20. Incoming data help USD sentiment to an extent, as July new home sales surged 13.9%, the most since December 2006. While a softer consumer confidence reading offset to a degree, the firmer Richmond Fed index put a positive spin on things. Wall Street was mixed, with the Dow lagging as shares of Apple, Exxon Mobil and Boeing in particular, underperformed. The S&P 500 and NASDAQ managed small gains.