XE Market Analysis: North America – Feb 22, 2021

It’s all about yield differentials in currency markets at the moment. The Aussie dollar, for instance, has pegged fresh trend highs against most currencies in synchrony with Australian yields rising more than peers over the last week. UK yields have also been among those showing the biggest basis point rise, even more than U.S. Treasuries over the last week, which has seen the pound clock a new major trend high against the dollar today.