XE Market Analysis: North America – Apr 19, 2021

The dollar took a fresh step lower in concert with heavy U.S. Treasury yields. The DXY dollar index fell 0.5% in what is now the third consecutive week of decline, and posted a seven-week low at 91.08, extending the drop from the five-month high that was seen in late March at 93.44. The 10-year Treasury note yield at the same time remained heavy, probing below the 1.56% level. While this is a couple of basis points above last week’s five-week lows, the benchmark yield remains down by nearly 20 bp from the 14-month highs that were seen in late March.