XE Market Analysis: Europe – Mar 26, 2021

The dollar bloc currencies returned to the outperforming lane amid a rebound in global stock markets. Oil and base metal prices also rose. The MSCI Asia-Pacific equity index rallied 1.5% after posting a three-month low yesterday, and U.S. stock index futures were showing gains of over 0.3% as of the early London session. Data yesterday showing a one-year low in jobless claims, coupled with the rollout of stimulus in the U.S. and some good news on the vaccine distribution front helped restore a more positive sentiment, offsetting the more worrisome situation Europe.