XE Market Analysis: Asia – Mar 23, 2021

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The Dollar was mostly higher in N.Y. on Tuesday, leaving the DXY at two-week highs of 92.31 highs, up from early lows of 92.06. Light risk-off conditions aided the Greenback some, while even as Treasury yields dipped, the USD continues to find support on friendly interest rate differentials, and an improving economic outlook now that the U.S. vaccine program is humming along quite smoothly. For data, new home sales missed the mark, but the weakness was largely weather related. The Richmond Fed index came in above expectations, though neither had much impact on the market.