XE Market Analysis: North America – May 27, 2021
The dollar lifted to a one-week high by the measure of the DXY index, at 90.18, extending the rebound from the four-month low that was seen on Tuesday at 89.54. This comes with 10-year Treasury yields having ticked higher, back towards 1.60% from yesterday’s lows near 1.55%, which were lowest levels since 22 April. Treasuries had perhaps gotten a little too rich, and the dollar a little too suppressed as key inflation data looms up on Friday, when the Fed’s preferred PCE deflator for April will be released.