XE Market Analysis: Asia – Dec 18, 2020

The Dollar ended the week on a firmer footing, after having a pretty tough week overall. The DXY bounced from 89.83 seen at the open, to a high of 90.13 in late morning. USD short covering was the likely driver of the move, as positions were pared into the weekend, and the Christmas shortened week next week. Incoming data saw the current account deficit widen, while leading indicators were strong, but in-line with expectations. Neither had much market impact.