XE Market Analysis: Asia – Nov 16, 2020

The Dollar firmed up some in London morning trade, seeing the DXY head from one-week lows of 92.47 to 92.84 in early N.Y. Risk-on conditions through the N.Y. session later weighed some on the greenback, as Wall Street jumped to record highs on the Moderna Covid vaccine news. USD moves overall though, were minimal. For data, the November Empire State index was worse than expected, though had little market impact. While markets cheered the new vaccine, it will still be months before it will be effectively distributed, and the surges in Covid cases in Europe and the U.S.