XE Market Analysis: North America – Feb 16, 2021

The dollar and yen came under renewed pressure as the global reflation trade continued. The MSCI Asia-Pacific and U.S. index futures posted fresh highs, although sentiment subsequently weakened somewhat to push these markets off their highs on news that China is considering limits on rare earth mineral exports to the U.S. Such minerals are essential for the production of advanced weaponry, among other uses. This made for a relatively lacklustre session on European bourses.