XE Market Analysis: Asia – May 21, 2021

The DXY printed overnight four-plus month low of 89.65 overnight, though caught a bid through the N.Y. session, largely on the back of pre-weekend short covering. The Dollar index peaked at 90.08. Incoming data saw record highs for the May manufacturing and services ISM, which was USD supportive, though existing home sales missed expectations. Wall Street started on a firmer footing, though faded through the afternoon. Treasury yields were little changed. The U.S. calendar is very light on Monday, with just the Chicago Fed national activity index due.

[EUR, USD]