XE Market Analysis: Asia – Mar 05, 2021

The DXY hit three-month highs of 92.19 in early trade on Friday following the jobs report. While it may be too soon to get on board the recovery train, the February jobs report significantly beat forecasts and supports the Fed view that the economy is picking up the pace faster than expected after a year of suffering from the pandemic and economic shutdowns. There is still a long way to go, especially on the labor front, but this report and other recent data offered hope for a return to normalcy sooner than later.