XE Market Analysis: Asia – Apr 08, 2021

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The Dollar was mostly lower in N.Y. trade on Thursday, leaving the DXY at near three-week lows of 92.00, down from 92.30 ahead of the open, and 92.48 highs in Asia. Disappointing weekly jobless claims weighed on the USD, as did softening Treasury yields. The pullback in yields this week, largely driven my easing inflation concerns and a dovish Fed, has been the main driver of Dollar weakness. Wall Street was mostly higher , though the Dow underperformed some. The S%P 500 hit another record high, while a resurgence in tech saw the NASDAQ outperform. Friday’s U.S.