XE Market Analysis: Asia – Oct 14, 2020

The Dollar headed lower into the open, and through late morning, as modest risk-on conditions prevailed. Wall Street opened with small gains, though ultimately turned fairly sharply lower on myriad concerns, including rising Covid cases, uncertainty over the economic outlook, the U.S. election and mixed earnings reports. The resulted in the USD rallying on the back of safe-haven flows. The DXY headed from London highs of 93.65 to a N.Y. low of 93.25, before recovering to 93.43 highs. Incoming U.S.