XE Market Analysis: Europe – Apr 08, 2021

The dollar has remained above yesterday’s lows, as measured by the DXY index, which printed a 16-day low at 92.14 yesterday. The index since clocked a rebound high at 92.50 before ebbing back towards 92.20. At the same time, the 10-year U.S. Treasury yield has remained several basis points above yesterday’s lows, though the short-dated yields edged fractionally lower after both Fed members and the release of the FOMC minutes reaffirmed, in no uncertain terms, the ongoing dovish lean at the central bank.