XE Market Analysis: North America – Mar 03, 2021

The dollar has seen a down-and-up price action, ebbing during the Asian session into the London interbank open and then rebounding during the European morning, concomitantly with a rebound in the dollar as U.S. Treasury yields shifted higher amid the backdrop of rallying stock markets. The 10-year T-note yield lifted about 5 bp back above 1.450%, posting new highs for the week although remaining below the one-year peak seen last week.