XE Market Analysis: North America – Mar 30, 2021

The dollar rallied to a near five-month high on the measure of the narrow trade-weighted DXY index. The high is 93.17, with the DXY rising above 93.0 today for the first time since the first week of last November. The dollar’s gains was concomitant with a vault higher in mid- to longer-dated Treasury yields, with the 10-year note yield rising over 5 bp from yesterday in testing the 1.770% level for the first time since January 2020. The yield had been foraying under 1.60% just last Thursday.