XE Market Analysis: Asia – Apr 20, 2021

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After hitting trend lows into the open, the DXY recovered some ground through the N.Y. session on Tuesday. The index headed from six-week lows of 90.89 to 91.22 early in the session. Risk-off conditions brought a round of safe-haven Dollar buying to bear, despite Treasury yields dipping lower. Wall Street was on track for its second day of losses. Earnings season is in full swing, and despite some solid numbers so far, investors remain cautious on how companies will handle increased inflation pressures, and concerned that valuations remain unsustainably high. Wednesday’s U.S.