XE Market Analysis: Asia – Sep 25, 2020

The DXY printed fresh trend high of 94.74 in N.Y. on Friday, marking its sixth-straight higher daily high. Incoming U.S. data was light, though the durable orders outcome missed the mark, but had little lasting impact. Wall Street was extremely choppy through the session, as COVID, stimulus and election concerns kept investors off balance, though the major indices rallied to close higher in afternoon trade. Treasury yields continued to edge lower into the weekend, dismissing the bounce on Wall Street as caution prevailed.