XE Market Analysis: North America – Feb 20, 2018

The dollar has been in rebound mode after making fresh major-trend lows on Friday, gaining yesterday in the absence of North American and a number of major Asian markets, and extending further upward today. The gain was concomitant with market narratives talking about the rise in 2-year Treasury yields to near 10-year highs (which has been seen ahead of the auction of 2-year notes later today). The USD index (DXY) 0.6% in making a four-session high of 89.68.