XE Market Analysis: Asia – Oct 15, 2020

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The Dollar firmed up overnight and retained a bid tone Through the N.Y. session on Thursday. Risk-off conditions prevailed, resulting in safe-haven USD buying. Surging Covid cases in many parts of the globe, along with fading hopes for new stimulus and uncertainty over the U.S. November election saw equities drop around the world. Wall Street opened sharply lower, though managed to pare losses later in the session. Treasury yields were lower to start the day, though ended nearly unchanged as stocks recovered some.