XE Market Analysis: North America – Feb 05, 2021

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The dollar has traded more mixed today, with the pound and dollar bloc holding their own. The DXY dollar index has edged out a fresh two-month high, this time at 91.60, in what is its fifth consecutive up day, underpinned by an improving yield advantage relative to the euro and other peers (with UK gilt yields being the main exception). EUR-USD printed a new two-month low at 1.1952. The 10-year U.S. note yield rose above 1.16% yesterday, which was nearly 16 bp above recent lows, since settling a couple of basis points lower. Strong corporate earnings and improving U.S.