XE Market Analysis: Asia – Apr 27, 2021

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The Dollar was relatively steady through the N.Y. session on Tuesday, largely maintaining recent trading ranges. Traders appeared to be partially sidelined ahead of Wednesday’s FOMC announcement, though reaction to what will in all probability be a non-event, should be muted. Today’s April consumer confidence data beat the Street by a long shot, though ultimately did the Dollar no good. Wall Street was modestly lower through the day, as investors pulled back ahead of key big tech earnings reports and the FOMC. Yields were a little firmer.