XE Market Analysis: Asia – Jan 21, 2021

The Dollar lost modest ground in N.Y. on Thursday, though major USD pairing trading ranges remained relatively narrow. The DXY put in its third-consecutive lower daily low, bottoming at a seven-session base of 90.05. Incoming U.S. data was mostly positive, though initial jobless claims remained elevated. Continuing claims fell sharply, while housing starts hit a 14-month high, and the Philly Fed index printed an 11-month top. None of the reports had much market influence. Wall Street was mixed, while Treasury yields rose modestly.