XE Market Analysis: Asia – Nov 17, 2020

The Dollar firmed slightly in N.Y. on Tuesday, though narrow ranges were in place for most pairings. The DXY edged up from seven-session lows of 92.27, later peaking at 92.49. Incoming U.S. data was generally supportive, as retail sales missed forecasts, though large upward revisions from August offset, while industrial production was a bit better than consensus. Wall Street opened lower on profit-taking activity following Monday’s record highs. The major indices later pared losses into the close. Safe-haven flows into Treasuries saw yields ease.