XE Market Analysis: North America – Mar 11, 2021

The dollar has extended lower, concurrently with lower Treasury yields. The 10-year T-note yield has fallen back towards 1.500%, near yesterday’s low that was seen in the wake of the cooler than expected U.S. February CPI outcome. Stock markets have remained buoyant in Asia after the Dow hit a fresh record closing level on Wall Street yesterday, with the benign inflation and final passage of the $1.9 tln fiscal stimulus bill being a Goldilocks combo for equity markets.