XE Market Analysis: Europe – Feb 02, 2021

The dollar has remained overall buoyant, which saw the DXY index post a fresh six-week high at 91.00. EUR-USD remained concurrently heavy, though remained above yesterday’s 1.2054 low, which matched the two-month low that was seen on January 18. Recent declines have reflected both dollar firmness and euro weakness. The common currency posted a fresh eight-month low against the pound, and lost ground to other currencies.