XE Market Analysis: Asia – Feb 02, 2021

The Dollar was broadly higher again in N.Y. on Tuesday, taking the DXY to two-month highs of 91.28. The turnaround in the USD’s fortunes may have been driven by fresh hopes that the U.S. economy will recover more quickly than thought even a couple of weeks ago, as Covid conditions improve, and as the vaccine rollout speeds up. According to Bloomberg’s vaccine tracker, nearly 1.35 mln jabs per day have been given in the U.S. over the past week. More Americans have now been partially or fully vaccinated than have been diagnosed with Covid.