XE Market Analysis: North America – Feb 04, 2021

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The dollar has posted new highs for a fourth consecutive day, with the DXY index making a two-month peak at 91.48. This is also set to be the fourth week out of the last five weeks the dollar index has ascended. A near 15 bp rise in the U.S. 10-year note over the last week has been a supportive factor for the dollar, along with the 30-year bond yield posting 11-month highs, combined with the vote in the House of Reps yesterday that opens the partisan path for the Democrats massive $1.9 tln relief package.