XE Market Analysis: Asia – Feb 17, 2021

The Dollar rallied in N.Y. morning trade, buoyed by sharply higher than expected U.S. retail sales and PPI, and consensus beating industrial production. Treasury yields, which had been supportive of the USD of late moved somewhat lower through the session, which later resulted in the Dollar giving back some of its early gains. Massive debt from the proposed stimulus package, along with heightened inflation concerns, and a Fed likely to keep a cap on rates, may ultimately see the USD come under some additional pressure. Thursday’s U.S.