XE Market Analysis: North America – Mar 18, 2021

The dollar rebounded form the losses seen that were seen in the wake of the FOMC’s dovish communication yesterday, concomitantly with the 10-year Treasury yield spike to fresh 14-month highs above 1.70%. Simply put, the decidedly dovish Fed coupled with gargantuan fiscal stimulus proved too much for bond bears to ignore, with U.S. economic policy essentially targetting a high-pressure economy. One argument of Treasury bears is that the shear size of the $1.9 tln U.S.