XE Market Analysis: Asia – Sep 17, 2020

Dollar gains seen following the FOMC on Wednesday, and through the overnight Asian session evaporated during London morning trade and through the N.Y. session on Thursday. The DXY stood at about 93.10 just ahead of the Fed, rallied to 93.58 in Asia, later bottoming at 93.06 in N.Y.. Mediocre U.S. data weighed some, as housing starts missed the mark, and jobless claims remained sticky over 850k. Likely the largest driver of the USD’s slip though, was the overreaction seen in markets to the FOMC on Thursday.

Source: XE news feed
XE Market Analysis: Asia – Sep 17, 2020