XE Market Analysis: North America – May 14, 2021

Comments are off

The dollar has softened, tracking the ebb in Treasury yields, which at the 10-year maturity saw the yield drop back under 1.64% from yesterday’s highs just above 1.70%. The DXY USD index posted a two-day low at 90.44, extending the correction from yesterday’s one-week high at 90.91. EUR-USD retraced most of yesterday’s decline in printing a high at at 1.2129, building on the rebound from yesterday’s eight-day low at 1.2050, while USD-JPY drifted to levels around 109.30, down on the one-month peak that was seen on Thursday at 109.79.