XE Market Analysis: Asia – Apr 26, 2021

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The Dollar rose overnight with the DXY rallying from near two-month lows of 90.68 seen overnight, to 90.98 highs in early N.Y. The USD headed lower again from there, following a big miss in March durable orders. The greenback later steadied near mid-range. The rise in Treasury yields overnight supported, though the data saw rates drop back, which put some pressure on the Dollar. Massive fiscal stimulus along with expectations for explosive U.S. economic growth in H2 should keep the USD underpinned. For Tuesday, another heavy earnings calendar is on deck.