XE Market Analysis: Europe – Mar 10, 2021

The dollar has found a footing after ebbing yesterday. Treasury yields have steadied, and the $1.9 tln fiscal stimulus bill passed the procedural vote in the House. EUR-USD has been holding a 30-pip range in the mid-to-upper 1.1800s, consolidating recent declines that yesterday produced a one-month low at 1.1836, and USD-JPY has been consolidating recent gains in the mid-to-upper 108.00s, below yesterday’s nine-month peak at 109.24. Cable has steadied below Tuesday’s six-day high at 1.3927, and AUD-USD has settled below yesterday’s five-day peak at 0.7727.