XE Market Analysis: Europe – Feb 09, 2021

The dollar has come under across-the-board pressure, which has pushed the DXY index to eight-day lows under 90.75. Tesla’s decision to park $1.5 bln in Bitcoin yesterday, which consequently surged over 20% to record highs near $50,000, seemed to spark broader declines in the U.S. currency. Also at play have been a drop from highs in U.S.