XE Market Analysis: North America – Apr 28, 2021

The dollar has posted two consecutive days of higher highs for the first time since late March by the measure of the narrow trade-weighted DXY index. The greenback printed its loftiest level on the week so far at 91.13, extending the modest rebound from Monday’s eight-week low at 90.68. This has been concomitant with longer-dated Treasury yields putting in their most sustained rise in a month, with the 10-year note yield pushing on 1.65% today, up over 10 bp from the nadir seen last week.