XE Market Analysis: Asia – Oct 19, 2020

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The Dollar softened during the London morning session on Monday, though was generally steady through the N.Y. session, albeit at lower levels. The DXY fell from European highs of 93.76, later basing at 93.22 into the open. The risk-on conditions seen overnight weighed on the safe-haven USD, with only modest upticks seen after Wall Street gave back early gains. Uncertainty over whether or not both sides in D.C. can agree to a fresh stimulus package was behind stock losses. Treasury yields rose, despite equity losses. There was no incoming data to move markets.