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XE Market Analysis: North America - Mar 03, 2021

XE Market Analysis: North America - Mar 03, 2021 The dollar has seen a down-and-up price action, ebbing during the Asian session into the London interbank open and then rebounding during the European morning, concomitantly with a rebound in the dollar as U.S. Treasury yields shifted higher amid the backdrop of rallying stock markets. The 10-year T-note yield lifted about 5 bp back above 1.450%, posting new highs for the week although remaining below the one-year peak seen last week. The recovery narrative has remained strong amid increasing data showing the efficacy of Covid vaccinations and, more tentatively, including at least a partial effectiveness against new variants. Market participants are also looking ahead to the slew of U.S. data releases over the remainder of the week, culminating in the February jobs report on Friday. We expect the data fit the recent pattern, and be prone to beat expectations and show economic recovery even before the massive fiscal spending program

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