XE Market Analysis: North America – Jan 28, 2021

The dollar has remained buoyant amid a backdrop of tumbling stock markets and commodities, with what had been a risk-wary sentiment giving way to a more decidedly risk-off sentiment. The DXY dollar index has seen a narrow range so far today, holding just of yesterday’s 10-day high at 90.88. The six-week high seen on January 18 is just above here, at 90.95. The index would have been higher today had it not been for a firm euro, which left EUR-USD holding a narrow range near 1.2100 while euro crosses lifted.