XE Market Analysis: Asia – Mar 09, 2021

The Dollar faded lower beginning during the Asian session, and continuing into the N.Y. morning session. Treasury yields dropped, which weighed on the Greenback, while risk taking levels also improved, also a positive for the USD. Wall Street surged on dip buying, with the NASDAQ pacing the gains, after falling into correction territory on Monday. A well received 3-year Treasury note auction weighed on yields further, which saw modest late morning Dollar gains come largely undone.