XE Market Analysis: Europe – Jun 01, 2021

The dollar’s weakening bias has remained in play, with the DXY USD index earlier pegging a six-day low at 89.72 while EUR-USD edged out a six-day high at 1.2241, despite the 10-year Treasury yield lifting back above 1.62%. USD-JPY, meanwhile, has recouped back above 109.50, and Cable has breached January highs on route to posting a 38-monht peak at 1.4247. USD-CAD has dropped back towards the six-year low that was seen in mid May at 1.2011. The greenback has also seen four- and six-day lows against the Australian and New Zealand dollars, respectively.

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