XE Market Analysis: Europe – Apr 23, 2021

The dollar has remained on softening tack, with the narrow trade-weighted DXY index reversing much of the gains seen yesterday. The low so far today is 91.29, while yesterday’s low is at 91.00 and the seven-week nadir seen earlier in the week is at 90.86. The 10-year U.S. Treasury yield has ticked higher, but remains off recent highs, and overall price action could best be described as bumping along near one-month-plus lows. EUR-USD lifted to a high at 1.2057 on the back of the dollar’s weakening, extending a rebound from yesterday’s four-day low at 1.1993.