Forex news for New York trading on November 20, 2020:
Markets:
– Gold up $4 to $1870
– US 10-year yields down 0.5 bps to 0.82%
– WTI crude oil up 41-cents to $42.15
The tone overnight was poor on the Fed-Treasury fight over emergency money, along with virus worries. But it improved in early trading in part because of

Closing changes for the main markets
On the week:

South Africa cut further
That’s a poor rating for a sovereign issuer.

Ontario premier announces new covid curbs
Ontario premier Doug Ford announced that Toronto and the nearby region of Peel will head into a lockdown on Monday. This will include the closure of all restaurants and non-essential retail.

Weekly FX positioning data for the week ending November 17, 2020:
The
only notable change this week is the drop in yen longs but that’s
simply a reversal of last week’s move. Overall, there has been
surprisingly little movement since the election, despite all the
volatility.