XE Market Analysis: Asia – Mar 12, 2021

The Dollar firmed up overnight ahead of Friday’s N.Y. session, though lost its footing late in the morning session. Slightly warmer PPI and a firmer U. Michigan sentiment report supported the USD briefly, though sellers returned ahead of the weekend and into the London close. The DXY topped at 91.96, later falling to 91.61. The Greenback headed lower despite Treasury yields surging to one-year highs, perhaps as inflation concerns returned. Wall Street was mixed, as investors continued to rotate out of techs and into cyclical stocks.