XE Market Analysis: Europe – Jan 14, 2021

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Modest weakness in the euro and yen, along with a smidgen of firmness in the Canadian dollar, were pretty much the only directional themes among the main currencies in trading through to the early London interbank session. EUR-USD edged out a two-day low at 1.2136, which is 4 pips shy of the 24-day low that was seen earlier in the week. A lift in the 10-year U.S. T-note yield back above 1.1%, alongside the continued resonance of ECB Lagarde and Villeroy’s rhetorical shot across the bows of euro bulls, seems to have maintained EUR-USD’s heaviness. U.S.