XE Market Analysis: Asia – Dec 28, 2020

FX trade was thin in N.Y. on Monday, as London and parts of the continent remained on Christmas break. Price action was choppy, though the USD overall ended mostly higher. The only data release was the December Dallas Fed index, which was lower than expected, but ultimately had little market impact. The last week of the year will likely see choppy and thin trade prevail, as books are closed into year-end. Looking ahead, the Dollar is widely expected to remain under pressure, as Covid vaccines are rolled out, allowing global economies to reopen. Given the high valuations of U.S.