XE Market Analysis: Asia – Feb 04, 2021

The DXY printed its fourth consecutive higher daily high in N.Y. on Thursday, topping at a fresh one-year peak of 91.58, up from 91.52 at the open. A stronger ADP jobs report, along with a surge in factory orders supported, though the main themes of firmer Treasury yields, upped odds for a massive stimulus bill, and improvements in distributing the Covid vaccine — leading to a faster economic recovery, all remained in place as USD supportive. Wall Street added to gains leaving the NASDAQ and S&P in record territory, while yields edged higher.