XE Market Analysis: North America – Mar 23, 2021

The dollar and yen have rallied against other currencies on a safe haven bid as global equity markets drop. Anxieties are running high after both the U.S. and EU sanctioned Chinese officials over human rights abuses in Xinjiang, with China responding with punitive measures against against European officials. The dollar diverged once again with Treasury yields, which have softened. The DXY dollar index rose 0.5% in pegging a four-day high at 92.15, which is just 2 pips 13-day high territory.