XE Market Analysis: Asia – Jun 01, 2021
The Dollar started the shortened U.S. week on a softer footing, despite firmer Treasury yields, and decent incoming data. The DXY slipped to 89.66 lows after peaking at 89.92 overnight. The USD later reversed modestly higher in late morning, early afternoon trade. Prospects of rising U.S. deficit spending as far as the eye can see could be starting to creep into Dollar sentiment, while the Fed does not appear to be in any hurry to pull back on its uber-easy monetary policy.