XE Market Analysis: Asia – Feb 22, 2021

The DXY fell to its lowest level since January 13, bottoming at 90.00 in N.Y. trade on Monday, down from 90.30 at the open, and the 90.57 top seen overnight. The Greenback had been on the rise overnight, as the U.S. 10-year Treasury yield hit a one-year high near 1.40%. Yields later ebbed in N.Y., leaving the 10-year under 1.34%, with bond buyers stepping in as Wall Street turned red. This weighed on the USD broadly through the session. Incoming data was light, with an about in-line leading indicators print having little market impact.