XE Market Analysis: Asia – Jul 30, 2020

The DXY printed fresh two-year lows in N.Y. on Thursday, printing a base of 93.04, after opening at 93.61. The plunge in Q2 GDP, along with the rise in both initial jobless claims and continuing claims dented sentiment overall, seeing stock slide, and Treasury yields fall to record lows. The USD was impacted by the data, though continues to suffer from the lowering of expectations for the U.S. economic outlook.