XE Market Analysis: Asia – Feb 03, 2021

The DXY printed its third consecutive day of higher daily highs on Wednesday, with the index topping at two-month highs of 91.31. Gains were later pared, though the USD continued to hold up. Firmer Treasury yields, likely to edge higher still, as odds for the passage of a huge U.S. stimulus bill increase, have been supportive of the USD of late, while the climbing of the vaccine learning curve, which has seen the number of U.S. vaccinations rise on a nearly daily basis, should heighten expectations for a quicker economic recovery, also USD supportive.