XE Market Analysis: Asia – Feb 11, 2021

The Dollar perked up from early lows, which came on the back of a disappointing jobless claims outcome, later rallying modestly, though sticking inside narrow trading ranges overall. The DXY was held inside of Wednesday’s trading band, bottoming at 90.28 before bouncing to 90.47. A record low yield in 2-year Treasuries just ahead of the data resulted in a broad but modest USD sell-off, though a modest round of short covering helped the Greenback through the morning session. Wall Street opened higher, though with valuations in question, sold off some in afternoon trade.