XE Market Analysis: Asia – Dec 14, 2020

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The Dollar headed lower overnight, leaving the DXY at near a 33 month base of 90.43 early in N.Y. on Monday. The initial rollout of Covid vaccines in the U.S. appeared to have given the USD a brief boost, taking the Dollar index to 90.84 highs. FX trade slowed considerably by late morning, leaving major pairings inside narrow ranged. There was no incoming U.S. data to drive markets. Wall Street started higher on vaccine news and hopes for a fiscal stimulus package, though later gave back most gains, as further Covid lockdowns come into effect.