XE Market Analysis: Asia – Apr 13, 2021

The DXY fell to three-week lows of 91.86 in N.Y. on Tuesday, down from 92.32 highs seen immediately following the warmer U.S. March CPI outcome. Treasury yields headed lower, despite the CPI rise, which ultimately weighed broadly on the Greenback. It appeared a case of sell-the-news set in for the USD, as the bond market’s very tame reaction indicated the Fed had done a good job in prepping markets for price increases. A solid 30-year bond auction weighed on rates and the Dollar further.