XE Market Analysis: Europe – Apr 12, 2021

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The dollar has been trading firmer in early-week trading, though has remained below Friday’s high by the measure of the narrow trade-weighted DXY index, which has logged an intraday peak at 92.33, 8 pips shy of its pre-weekend high. EUR-USD edged out a low at 1.1939, returning focus on the 18-day low that was seen last week at 1.1900. The dollar also gained on the bloc and many emerging market currencies, though there the yen and the pound bucked the trended in outperforming the U.S. currency.