XE Market Analysis: Europe – Oct 06, 2020

The dollar has been trading on a mostly softer tack, alongside the yen, with risk appetite picking up in global markets after U.S. President Trump returned to his White House residence and with the Democrats and Republicans showing signs of progressing another fiscal support package. The good mood has waned somewhat in early European trade, however, which has seen the dollar recoup a little. The USD index (DXY) posted a 15-day low at 93.35, which extends the decline from the two-month peak that was seen on September 25 at 94.74. EUR-USD matched yesterday’s 15-day high at 1.1798.