XE Market Analysis: North America – Jan 26, 2021

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The dollar rose and then ebbed, tracking first a drop in most Asian stock markets and then steadying as investor risk appetite improved during the European morning session, where stock markets saw a rebound following quite sharp declines in recent sessions, despite ongoing anxieties about the Covid impact. The DXY dollar index dipped back to levels around 90.40 after printing a six-day high at 90.61. The one-month peak, seen on January 18th, at 90.95 was left unchallenged. EUR-USD recouped to the mid 1.2100s after etching out a five-day low at 1.2108.