XE Market Analysis: Asia – Apr 07, 2021

The Dollar was choppy, but largely range bound in N.Y. on Wednesday. The DXY recovered from a two-week low of 92.14 to 92.36 in early afternoon trade. The wider than expected February trade deficit was overlooked by markets, and activity was restrained ahead of the FOMC minutes, where there were no surprises. The minutes again indicated that the Fed thought it would be “some time” before officials see the necessary condition of “substantial further progress” on the dual goals on employment and inflation. The minutes had little market impact.