XE Market Analysis: Europe – May 07, 2021

The dollar has found a footing after declining yesterday, which was the latest contribution to what has been several days of up-then-down price action. The 10-year U.S. Treasury yield has continued to bump along under 1.60%, while the Dow Industrials index scaled to another record closing high following a solid jobless claims report and forecast-beating productivity data out of the U.S., alongside more encouraging corporate earnings reports. Focus now falls on today’s U.S. Arpil payrolls report.