XE Market Analysis: Europe – May 14, 2021
ByEconomic News
MAY 14, 2021
The dollar has softened moderately, tracking the ebb in Treasury yields, which at the 10-year maturity saw the yield drop back under 1.66% from yesterday’s highs just above 1.70%. The DXY USD index settled about 20-30 pips down on yesterday’s one-week high at 90.91. EUR-USD settled in a narrow orbit of the 1.2100 level, up on yesterday’s eight-day low at 1.2050, while USD-JPY drifted to levels around 109.50, modestly down on the one-month peak that was seen on Thursday at 109.79. Commodity currencies settled above their recent lows, finding support by a rebound in global stock markets.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-