XE Market Analysis: Asia – Feb 10, 2021

After touching two-week lows of 90.25 overnight, the DXY recovered to 90.48 ahead of the open, before settling into a narrow range through much of the session. A cooler U.S. January CPI outcome weighed on the USD broadly, though following four days of selling, the urgency to ditch the Dollar calmed. The double-edged sword of the impending stimulus bill has not yet been sorted out, and at this stage, it remains unclear whether stimulus will be USD positive or negative, with growth likely to surge, a positive, though inflationary pressures potentially building, a negative.