XE Market Analysis: Asia – Jul 28, 2020

The Dollar stemmed its recent bleeding in N.Y. on Tuesday, though gains overall were modest. The DXY managed to hold above the two-year low seen Monday, bottoming at 93.50 before bouncing to 94.01 into the open. Incoming data was mixed, with June consumer confidence weaker than expected, and the July Richmond Fed index posting a slightly better outcome. Wall Street and yields were lower. Ongoing uncertainty on the progress on the U.S. stimulus bill was a drag on risk taking sentiment. EUR-USD chopped around 1.1701 and 1.1743, ending near its highs.