XE Market Analysis: North America – May 06, 2021

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The dollar has mostly been plying narrow ranges have been prevailing into tomorrow’s April nonfarm payrolls report out of the U.S., alongside a number of other data releases and a monetary policy decisions from the BoE. There are also local elections in the UK which have the potential to embolden the Scottish independent movement. EUR-USD has lifted to two-day highs above 1.2050 on the back of a general firming in the euro, which has concurrently posted similar magnitudes of ascent versus the pound, yen and other currencies.