XE Market Analysis: Europe – Apr 22, 2021

The dollar has ebbed to a two-day low by the measure of the narrow trade-weighed DXY index, at 91.00, extending the decline from yesterday’s high at 91.43 and returning focus to Tuesday’s seven-week low at 90.86. EUR-USD concurrently printed a two-day high at 1.2049 while USD-JPY pegged a seven-week nadir at 107.82. The dollar also managed to post a two-day low versus the Australian dollar, though managed to remain within yesterday’s range bounds in the cases against the New Zealand and Canadian dollars, and the pound.