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.
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