XE Market Analysis: Asia – Feb 09, 2021

The Dollar traded on a softer footing in N.Y. on Tuesday, with the bulk of losses coming overnight. The DXY pulled back to seven-session lows of 90.51, down from overnight highs of 90.93. The paring of long USD positions continued for the third day, following the decent run up seen over the past week or so. Treasury yields came off the boil, edging back some, which weighed on the Greenback, while uncertainty over the timing and Dollar amount of the U.S. fiscal stimulus package weighed as well. There were no major data points to move markets.