XE Market Analysis: North America – Feb 23, 2021

The dollar lifted out of lows following a four trading day run lower, lifted in part by a sharp drop in cryptocurrencies and a correction in base metals, which had earlier in many cases printed new multi-year highs. Equity markets also saw pronounced declines following some disappointing corporate earnings reports. Amid this, the DXY dollar index posted a high at 90.19, having lifted from a six-week low at 89.94. EUR-USD concurrently pulled back under 1.2150 after an earlier run higher capped out at 1.2179, while USD-JPY lifted above 105.30 after earlier pegging an eight-day low at 104.93.