XE Market Analysis: North America – Jan 18, 2021

The DXY dollar index has posted a one-month high at 90.95, which sets up potential for a third consecutive up week, which is something that hasn’t been seen since January last year. Other currencies have mostly softened, especially the dollar bloc and other cyclical currencies as global stock markets have continued to sputter. Chinese equities have been the exception, with the CSI 300 showing over a 1% gain in the late afternoon session having rebounded out of early declines following strong growth data.