XE Market Analysis: North America – Mar 04, 2021

The dollar has traded firmer on the back of the revived perkiness in Treasury yields over the last day. The 10-year T-note yield was showing a 1.7bp decline, at 1.468%, as of the late London morning session, though remains up by over 6 bp on the week. The U.S. yield differential versus Bunds and JGBs, among other sovereigns, has widened further this week. Amid this backdrop, the DXY dollar index printed a two-day high at 91.22, which has continued some quite choppy price action, having recovered from the yesterday’s six-day low at 90.63.