XE Market Analysis: Europe – Oct 22, 2020

The dollar has settled after dropping quiet sharply in recent days. The DXY USD index has come to rest around the 92.70-75 area after diving over the previous four days, from levels near 94.00. EUR-USD has settled off the five-week high that was seen yesterday at 1.1882. USD-JPY has steadied in the mid 104.00s after dropping 1.1% yesterday, which is an unusually large magnitude of movement for this pairing by the norms of recent years.

Source: XE news feed
XE Market Analysis: Europe – Oct 22, 2020