XE Market Analysis: North America – Jan 21, 2021

The DXY dollar index edged out a six-day low at 90.18 in what is now a third consecutive day of lower lows. The main U.S. equity indices on Wall Street clocked fresh record highs yesterday, as did the MSCI Asia-Pacific index today. Europe’s Stoxx 600 was showing a 0.5% gain as of the late London morning, though remained just shy of recent 11-month peaks. Base metals have also lifted, though have remained below recent trend highs for the most part. Nickel was an exception, with futures hitting a 16-month high. Despite the anticipation of new U.S.