XE Market Analysis: Asia – May 28, 2021

The Dollar rose overnight, taking the DXY to two-week highs of 90.44 in early N.Y. The USD showed little reaction to the warmer PCE deflator print, or the generally better trade, Chicago PMI and Michigan sentiment outcomes. After the early round of data, the Greenback faded to near session lows, as profit taking ahead of the long Memorial Day weekend set in. Wall Street was moderately firmer, while yields ended slightly lower on the session. Next week, manufacturing and services ISMs are due, along with the ADP employment survey, and of course, the May BLS employment report on Friday.

No votes yet.
Please wait...


Leave a Reply

en English


Login to your account

or login with