XE Market Analysis: Asia – Dec 29, 2020

The Dollar was lower in N.Y. on Tuesday, weighed down by the signing of the stimulus bill, and prospects for direct payments to individuals to rise to $2,000 from $600. The U.S. House voted to increase the amount of payments, while the Senate is expected to vote on the measure at some point on Tuesday or Wednesday. The DXY fell from overnight highs of 90.22, later bottoming at 89.86, before reclaiming the 90.00 handle. There was no top tier data to move markets. Wall Street opened on a stronger footing, though gave back gains through the session.