XE Market Analysis: North America – Mar 02, 2021

The dollar fluctuated from gains to losses in synchrony with, first, a tumble in Asian equities and, then, a subsequent rally across European equity markets, which was accompanied by a rebound from losses in U.S. equity index futures. The DXY index dropped back to near net unchanged levels around 91.10 after earlier posting a near one-month high at 91.32, while EUR-USD lifted back above 1.2030 after printing a near one-month low at 1.1992. USD-JPY posted a fresh six-month high at 106.96 in what is now the pair’s fifth up week out of the six weeks. The recent marked widening in the U.S.