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USD Overview (29 October 2020)

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Yesterday, USD strengthened against most major currencies except JPY after the market took on a risk-off sentiment mainly due to worsening COVID-19 condition and U.S. Presidential Election uncertainty.

White House COVID-19 advisor Dr. Anthony Fauci said yesterday that virus vaccine will not be ready in the U.S. until January 2021.

The U.S. Advance GDP q/q data (Forecast: 32.0, Previous: -31.4% revised from -32.9%) will be released later at 2030 (SGT).

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