XE Market Analysis: Europe – Nov 23, 2020

The dollar and yen traded moderately softer against most other currencies amid a buoyant sentiment in Asian markets, which propelled the MSCI Asia-Pacific ex-Japan stock index hit a new record high. Sterling outperformance was another theme. There have been various positive news, ranging from Covid vaccines and treatments, to encouraging corporate earnings and economic data, and from the Brexit front, which have collectively helped investors look beyond the prevailing surge in Covid positive tests results across the northern hemisphere. The U.S.