XE Market Analysis: Europe – Apr 15, 2021

The dollar edged out a fresh four-week low by the measure of the narrow trade-weighted DXY index, at 91.56, extending the correction from the five-month high that was seen just over two weeks ago at 93.44. EUR-USD concurrently edged out a one-month high at 1.1990, while USD-JPY remained heavy, near its three-week low that was seen yesterday at 108.75. Cable also remained underpinned, although off its one-week high of Wednesday. The commodity bloc currencies outperformed.