XE Market Analysis: Asia – Nov 03, 2020

The Dollar fell in N.Y. trade on Tuesday, taking the DXY to four-session lows of 93.29 from 93.64 at the open. Risk-on conditions saw safe-haven USD flows unwind pretty much across the board. Wall Street rallied sharply, with short covering a driver into the U.S. election results, which should hopefully be known sometime during the overnight U.S. hours. Intraday, the major indices were up better than 2.0%, reversing last week’s sharp losses further. Treasury yields were lower.