XE Market Analysis: Asia – Dec 30, 2020

Comments are off

The Dollar was lower in N.Y. on Wednesday, seeing the DXY hit new 33-month lows of 89.56 early in the session, down from 90.02 after the close on Tuesday. The greenback later recovered modestly in light afternoon trade. Prospects for further fiscal stimulus weighed on the USD, while softer incoming data didn’t help either. The advance goods trade deficit for November ran up to its highest ever, while pending home sales fell short of expectations as well. The Chicago PMI was better than expected, which offset to a degree.