XE Market Analysis: Europe – Mar 23, 2021

The dollar and yen have been buoyant amid a backdrop of ebbing stock markets. Anxieties are running high after both the U.S. and EU sanctioned Chinese officials over human rights abuses in Xinjiang, with China responding with punitive measures against against European officials. The dollar has traded firmer in the early London session, diverging once again with Treasury yields, which has softened. This has seen the DXY index push on 92.00 from levels around 91.80. Yesterday’s high is at 92.15.