XE Market Analysis: Asia – Nov 18, 2020

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N.Y. FX trade was very quiet on Wednesday, with major Dollar pairings held to narrow ranges. The USD attempted to rally early on, though quickly turned modestly lower. The DXY topped at 92.45, later easing to a 92.27 low. Incoming U.S. data saw October housing starts rise more than forecast, though the outcome had little market impact. More positive Covid vaccine news helped Wall Street, as PZizer said its entry was 95% effective. In the meantime, rising cases in the U.S. as we enter the holiday season will likely keep enthusiasm hemmed in.