XE Market Analysis: Asia – Dec 10, 2020

The Dollar was mostly lower in N.Y. on Thursday, dented early on by worse than expected initial and continuing jobless claims. The DXY fell from 91.15 into the open, later bottoming at 90.67 before recovering modestly. The only other data point was November CPI which came in a touch warmer than consensus. Wall Street was mixed, with the tech-heavy NASDAQ outperforming. Treasury yields edged lower. EUR-USD bottomed at 1.2097, later rallying to 1.2159 highs, as USD-JPY was rangebound between 104.46 and 104.22.