XE Market Analysis: Asia – Oct 08, 2020

After heading slightly higher following the steady initial jobless claims and large drop in continuing claims, the Dollar pulled back some through the morning session. The DXY peaked at 93.77 early, later slipping to 93.59 lows. USD-major trading ranges remained relatively narrow. Wall Street stumbled after speaker Pelosi said she would not accept targeted stimulus(airlines, small business, stimulus checks) without a broader (bigger) relief package. The two sides had been negotiating airline aid and other stand alone initiatives.