XE Market Analysis: Asia – Mar 26, 2020

The Dollar was lower across the board in N.Y. trade on Thursday. The unwinding of huge flows seen into the USD over the past couple of weeks related to virus related safe-haven buying has been driven by huge Fed stimulus, and the passing of the Congressional virus aid package. Barring new COVID-19 developments, we look for further Dollar selling over the next few sessions. The huge jobless claims rise on Thursday, in excess of 3.0 mln, had little market impact, as that number had been bandied about through the week.

Source: XE news feed
XE Market Analysis: Asia – Mar 26, 2020