XE Market Analysis: Asia – Nov 30, 2020

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After fading in early N.Y. trade on Monday, the Dollar rallied back. The DXY touched a 31-month low of 91.51 after the open, down from overnight highs of 91.75, before bouncing to 91.91 at mid-session. The safe-haven USD found support from a risk-off backdrop, while the earlier trend lows prompted some month-end Dollar short covering. For data, a slightly softer Chicago PMI, along with a slight pullback in pending home sales exerted minimal downward pressure on the Greenback. Wall Street was lower, likely booking month-end profits after heady gains seen in November.