XE Market Analysis: North America – Mar 01, 2021

The dollar rebounded out of lows, with European markets on the bid after Asian markets were on the offer. European markets seemed more reactive to a lift in Treasury yields amid a backdrop of rebounding global stock markets and commodities. The DXY dollar index recovered from a 90.69 low to a three-week high at 91.13, while EUR-USD dropped 0.6% from the Asia-session high to a 12-day low at 1.2029. USD-JPY printed a fresh seven-month high at 106.75.