XE Market Analysis: Asia – Apr 12, 2021

Comments are off

After losing ground overnight, the Dollar was steady through the N.Y. session, albeit near recent lows. The DXY bottomed at 92.01, just above Thursday’s better than two-week low of 92.00. Traders appeared to have been largely sidelined through the session, waiting on Tuesday’s key March U.S. CPI report. Inflation concerns remain, and a big CPI miss in either direction, will likely impact Treasury yields, and in turn, move the Greenback, which has been sensitive to interest rates since near the beginning of the year.