XE Market Analysis: Europe – Mar 30, 2021

The dollar rallied to a near five-month high on the measure of the narrow trade-weighted DXY index. The high is 93.02, with the DXY rising above 93.0 for the first time since the first week of last November. The dollar’s gains was concomitant with a vault higher in mid- to longer-dated Treasury yields, with the 10-year note yield rising nearly 4 bp from yesterday in testing the 1.760% level for the first time since January 2020. The yield had been foraying under 1.60% just last Thursday.