XE Market Analysis: North America – Sep 15, 2020

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The dollar softened against its peers amid a background theme of rallying global stock markets. The USD index (DXY) printed a five-day low at 92.79, while EUR-USD concurrently pegged a five-day high at 1.1900. USD-JPY ebbed modestly lower and posted a 15-day low at 105.53. AUD-USD rallied by over 0.7% to a 12-day high at 0.7338. The release of the latest RBA minutes, although stating “a lower exchange rate would provide more assistance to the Australian economy,” sparked initial Aussie dollar buying as markets deemed the minutes to be less dovish in overall tone than had been anticipated.