XE Market Analysis: Asia – May 06, 2021

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The Dollar was range bound through Thursday’s N.Y. session, leaving the DXY within a 91.06 to 90.90 trading band Lower jobless claims and higher productivity had little impact, as the FX market was largely sidelined ahead of the key April jobs report on Friday. Wall Street and Treasury yields were pretty much idled as well, though the DJIA managed fresh record highs. Friday’s calendar will all be about the April employment report. We expect non-farm payrolls to rise 850k versus the 916k increase in March.