XE Market Analysis: North America – Mar 19, 2021

The dollar lifted out of correction lows, tracking the action in U.S. Treasury yields, as the 10-year T-note yield rose to near 1.700% form a pull back low at 1.676%. The DXY dollar index rallied to a two-day high at 91.96 from of a low at 91.66, while EUR-USD dropped to two-day lows under 1.1900. Both Cable and AUD-USD saw a similar price actions in turning lower, to the lower 1.3900s and lower 0.7700s, respectively. USD-CAD turned lower after an approach towards 1.2500. USD-JPY lifted out of a one-week low at 108.61. The yen has seem some outperformance amid a narrowing in the U.S.