XE Market Analysis: Asia – Jun 02, 2021

The Dollar headed higher through the London morning session, though faded through the N.Y. day, leaving the DXY at 89.88 lows from early highs of 90.25. There was no top-tier data to move the market, while comments from the Fed’s Harker, who said “it might be time to at least think about thinking about tapering our $120 bln” in QE purchases had little impact. Softer Treasury yields likely weighed some on the USD. A period of consolidation may be at hand until Friday, as the markets await the key May U.S. unemployment report.

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