XE Market Analysis: North America – May 28, 2021

The dollar has remained underpinned by a rise in longer-dated Treasury yields, with the 10-year T-note yield lifting to the 1.61-62% area, up about 6-7 bp from the midweek lows. News that U.S. President Biden will present his $6 tln lifted Treasury yields. The DXY USD index remained buoyant, just below yesterday’s eight-day high 90.18. EUR-USD earlier pegged a one-week low at 1.2171 and USD-JPY a six-week high at 109.96. Cable printed a one-week high yesterday at 1.4220 before turning moderately lower.

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