XE Market Analysis: Asia – Feb 12, 2021

The Dollar firmed in early trade on Friday, seeing the DXY hit four-session highs of 90.74. Gains were short lived however, as selling stepped in at mid-morning, leaving the USD index at 90.38 lows after the London close. Following losses seen this week, the USD appears to be entering a consolidative period, managing to close out the week above its lows. The U.S. economic recovery will largely depend on the pace of Covid vaccinations, which will determine how long that takes.