XE Market Analysis: Asia – May 07, 2021

The Dollar was hit broadly in N.Y. on Friday following a disappointing April U.S. employment report, which revealed a 266k NFP print versus expectations for at least 950k. The USD tumbled immediately following the data, with the move likely exacerbated by a plunge in Treasury yields. Yields later ticked up some, though the Greenback remained under pressure through the session, with just small bounces seen into the close. Wall Street initially pulled back following the jobs report, though later found its footing, taking the DJIA and S&P 500 to record highs.