XE Market Analysis: North America – Apr 07, 2021

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The dollar has posted fresh lows, which put the DXY index at a 15-day low at 92.20. EUR-USD has printed a 15-day high at 1.1895. The biggest gainer out of the main dollar pairings and cross rates is EUR-AUD, which is showing a 0.6% gain on the day, printing a two-week high. Currencies are being influenced by the prevailing caution in global stock and commodity markets, which has seen cyclical, commodtiy-correlating currencies weaken, along with the dollar amid declining Treasury yields, while recent underperformers, such as the euro and yen, have staged rebounds.