XE Market Analysis: Asia – Sep 24, 2020

The Dollar index printed new two-month highs of 94.59, later easing back to 94.27. USD profit taking set in as risk appetite shifted to positive from negative, after Treasury Secretary Mnuchin indicated further stimulus talks with Speaker Pelosi could be in the cards in the coming days. The action saw some unwinding of Dollar safe-haven flows. Wall Street turned initial losses into solid gains, though Treasury yields barely moved through the session. Incoming data was mixed, with initial jobless claims higher that expected, and new home sales soaring to levels last seen in 2006.