XE Market Analysis: Asia – May 10, 2021

Comments are off

The Dollar fell further in N.Y. trade on Monday, seeing the DXY extend Friday’s losses to a better than two-month low of 90.04. Fallout from Friday’s big jobs miss continued to weigh on the USD. There was no data to move markets. Treasury yields started out under water some, though recovered to slightly higher in afternoon trade, which likely limited USD losses into the close. Wall Street was mixed, with the DJIA topping the 25k mark for the first time, while big tech remained under pressure, resulting in the NASDAQ dropping better than 1%. Tuesday’s U.S.