XE Market Analysis: Asia – May 14, 2021

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The Dollar softened some in N.Y. trade on Friday, though ranges remained relatively narrow. Misses in U.S. data were a contributing factor, as retail sales, industrial production and consumer sentiment outcomes all missed the mark. The DXY opened over 90.50, later bottoming at 90.28 before steadying near 90.40. Wall Street rallied into the weekend with short covering cited following sharp losses seen early in the week. Treasury yields slipped some as well. Looking to Monday’s U.S. calendar, the May Empire State index due, expected to dip to 21.0 from 26.3.