XE Market Analysis: North America – Feb 03, 2021

The dollar has remained firm amid signs that the Democrats will manage to pass the mammoth $1.9 tln relief bill without the support of the Republicans. And while there has been been positive news from the Covid vaccine rollout front, the EU’s mishandling still means that continental Europe will likely lag peers in reducing societal restrictions, which is being expressed by euro underperformance. EUR-USD today has consequently edged out a fresh two-month low at 1.2010, despite less cool than expected inflation and an upward revision to services PMI in January Eurozone data. The 10-year U.S.