XE Market Analysis: Asia – Sep 28, 2020

The Dollar recovered some of its overnight losses in N.Y. on Monday. The DXY has fallen from 94.63 to 94.19 into the N.Y. open, then subsequently topped at 94.42 before settling in near 94.30. For U.S. data, the September Dallas Fed index was better than expected, and may have supported the USD at the margins. Wall Street soared overnight. Helping underpin stocks was the renewed optimism that the economy is improving, along with the news of Florida’s reopening, as well as the potential for more fiscal stimulus. However, there are several headwinds that could bring back sellers.