XE Market Analysis: Asia – Dec 23, 2020

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The Dollar fell through the morning session in N.Y. on Wednesday, which saw the DXY fall from 90.58 highs early in the session to 90.16 after the last of the heavy data slate was released. Friday’s U.S. reports were disappointing overall, and the mix of weaker income, consumption and home sales weighed on the USD. In-line durable orders and a larger drop in jobless claims were the bright spots. FX trade will grind to a near halt into the Christmas break, and next week into year-end, conditions won’t improve much either.