XE Market Analysis: Asia – Apr 14, 2021

The Dollar was softer through the N.Y. session on Wednesday, heading mostly lower despite an uptick in Treasury yields. The relative stability of yields this week has seen profit taking weigh down the Greenback, which had run up starting in late March as Treasury yields soared to 14-month highs on the back of inflation concerns. The DXY hit a near one-month low of 91.57 after the London close, down from 91.82 into the open. Wall Street was mixed through the session, seeing the Dow outperform on the back of component Goldman Sachs, which reported blowout earnings.