XE Market Analysis: Asia – Sep 21, 2020

The Dollar had its best day in a while in N.Y trade on Monday, taking tie DXY to six-week highs of 93.78 from overnight lows of 92.75. Safe-haven USD buying was widespread, as global equities melted down on the back of rising virus cases in much of Europe, the lack of progress on U.S. stimulus, the potential for a U.S. government shutdown at the end of the month, and heightened U.S. political combativeness. There was no U.S. data of noted. Wall Street was sharply lower, leaving the DJIA down nearly 1,000 points early on.