XE Market Analysis: Asia – Oct 09, 2020

The Dollar was under pressure on Friday, leaving the DXY at three-week lows of 93.04, and three straight sessions of losses. Risk-on conditions again prevailed into the weekend, as hopes were raised for a stimulus package after Trump said he was on board with a $1.8 tln aid package. It remains to be seen if House Democrats will agree. Wall Street was nonetheless higher, while Treasury yields dipped. Safe-haven USD demand has reversed course to a degree following three days of Wall Street gains.