XE Market Analysis: Asia – Apr 05, 2021

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The Dollar was under pressure through the N.Y. session on Monday, taking the DXY to 92.54, and eight-session low. Despite better outcomes for the non-manufacturing ISM, and a less sharp drop in factory orders, the USD remained heavy. A sharp rise in risk-taking levels following Friday’s blowout jobs report likely weighed on the Buck. Wall Street rallied, taking the S&P 500 and the Dow to all-time highs intra day. U.S. futures were up Friday following the US jobs report, with the cash market closed for Good Friday. The full market added to those gains through the session on Monday.