XE Market Analysis: North America – Apr 27, 2021

Comments are off

The dollar has lifted out of an eight-week low at 90.68 by the measure of the DXY index, rising back above 91.0. EUR-USD concurrently ebbed below yesterday’s low in making a nadir at 1.2057, which was seen after the pair capped out at 1.2117, and Cable posted a low at 1.3870, some 60 pips down on yesterday’s peak. USD-JPY printed a one-week high at 108.43, aided by a measure of broader yen weakness after the BoJ trimmed inflation forecasts. The greenback also made headway against the Australian dollar and its dollar bloc brethren.