XE Market Analysis: North America – Apr 23, 2021

The dollar has remained on softening tack, with the narrow trade-weighted DXY index reversing much of the gains seen yesterday. The low so far today is 91.01, which is 1 pip from yesterday’s low is at 91.00 and the seven-week nadir seen earlier in the week is at 90.86. The 10-year U.S. Treasury yield ticked higher and then ticked lower, continuing to bump along near one-month-plus lows. EUR-USD lifted to a high at 1.2063 on the back of the dollar’s weakening, extending a rebound from yesterday’s four-day low at 1.1993.