XE Market Analysis: Asia – Apr 15, 2021

The Dollar overall ended up little changed overall in N.Y. on Wednesday, though was choppy and largely range bound. The DXY printed a near one-month low ahead of the open, but managed to recover some in late morning trade. Incoming data, aside from a softer industrial production print, was solid, seeing initial jobless claims drop to pandemic lows, while retail sale shot the lights out, rising much more than expected. Treasury yields however, fell sharply through the session, despite the strong data and rallying equities, which limited interest in buying Dollars.