XE Market Analysis: Asia – May 05, 2021

The DXY printed near three-week highs of 91.44 overnight, later dipping to 91.21 into the N.Y. open, before steadying in a narrow trading band over 91.20. Incoming data was slightly softer than expected, seeing the ADP employment survey adding 742k jobs while the services ISM dipped slightly versus forecasts for a firmer reading. Wall Street reclaimed some of Tuesday’s losses, while Treasury yields were narrowly mixed.