XE Market Analysis: Asia – Oct 01, 2020

The Dollar fell into the N.Y. open on Thursday, though later made up some ground following some pretty decent U.S. data. The DXY partially recovered from the eight-session lows of 93.533 seen into the open, later topping at 93.90. The ADP jobs report was considerably better than expected, while continuing jobless claims fell sharply, and construction spending bounced. Ahead of the open, risk-on conditions had weighed some on the USD, though the data appeared to to turn sentiment around some. Wall Street opened sharply higher on hopes for fresh U.S.