XE Market Analysis: Asia – Mar 30, 2021

The Dollar was higher in N.Y. trade on Tuesday, taking the DXY to near five-month highs of 93.35, up from overnight lows of 92.90. Surging Treasury yields early in the session supported the USD, while a sharp increase in U.S. consumer confidence helped Dollar sentiment as well. Firmer yields weighed on Wall Street, though losses were modest. The U.S. Covid vaccine program continues to ramp up, keeping hopes for robust economic activity in the coming months high. Rising cases recently however, may temper enthusiasm in the short term, though we suspect the U.S.