XE Market Analysis: North America – Nov 02, 2020

The dollar been traded mixed in early week, early month trading. EUR-USD recovered above 1.1650 after pegging a five-day low at 1.1624. France and Germany are now in one-month lockdowns, and many other Eurozone and European nations are now operating under much tighter restrictions. Europe is now heading back into economic recession, although this shouldn’t be as deep as before given the level of restrictions are less overall much less severe than they whe, and with much of the rest of the world’s economies remaining open.