XE Market Analysis: Asia – Mar 31, 2021

After hitting fresh near five-month highs overnight, the DXY lost some ground through the London morning session, and in N.Y. morning trade. The Dollar index fell from 93.44 to 92.99 lows in late morning. Profit taking appeared to be a motive, despite mostly better data. The ADP employment survey about met expectations, while the Chicago PMI was much better than forecast. Pending home sales were soft, however. Wall Street rallied on recovery hopes, and prospects for another few trillion Dollars in government spending. Yields were little changed on the session. Thursday’s U.S.