XE Market Analysis: Asia – Mar 08, 2021

The DXY printed three-month highs of 92.42 in late morning trade in N.Y. on Monday, up from overnight lows of 91.84. There was no data to drive the market, so narrow trading ranges were generally the rule for the major Dollar pairings. Treasury yields remained elevated, supportive of the USD, though the bond market was considerably more well behaved than was the case last week. Wall Street was mixed, with the tech-heavy NASDAQ lagging, as inflation and high valuation concerns remained front and center.