XE Market Analysis: Asia – Apr 21, 2021

The Dollar gained modest ground overnight, seeing the DXY top at 91.43 early in the N.Y. session on Wednesday. From there though, risk-on conditions weighed, taking the index back to 91.09 lows. Safe-haven flows into the USD seen on Tuesday were unwound, as Wall Street and Treasury yields ticked higher. Prospects for stellar H2 U.S. economic growth, and lingering inflation fears, which should see firmer rates in the coming weeks, should eventually provide support to the Dollar. The U.S.