XE Market Analysis: North America – Apr 20, 2021

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The dollar’s softening bias has remained in play, though USD-JPY has been the exception, with yen losses having been of slightly greater magnitude to the declines the dollar has seen versus other currencies. Both the dollar and yen posted fresh lows against the euro, sterling, Australian dollar, among other currencies. The narrow trade-weighted DXY index extended yesterday’s steep decline in posting a fresh seven-week low at 90.86. The index is now down by a cumulative 2.8% from the five-month highs that were seen in late March. The 10-year U.S.