XE Market Analysis: Europe – Apr 19, 2021

The dollar has remained soft in concert with heavy U.S. Treasury yields. Ranges have been narrow, though the DXY dollar index still edged out a one-month low at 91.50, extending the decline from the five-month high that was seen in late March at 93.44. The 10-year Treasury note yield has at the same time settled on a 1.560% handle, just a couple of basis points above last week’s five-week lows. The benchmark yield remains down by nearly 20 bp from the 14-month highs that were seen in late March.