XE Market Analysis: North America – Jun 02, 2021
The dollar is moderately firmer today. The DXY USD index has printed a two-day high at 90.01, which reverses a good portion of the decline seen on Monday and yesterday. EUR-USD concurrently ebbed to two-day lows under 1.2200 while USD-JPY lifted to a two-day high at 109.85. The U.S. currency still remains at softer levels versus most currencies from week-ago levels. The 10-year Treasury yield has remained anchored near 1.60%. The Australian dollar briefly lifted following an above-forecast 1.8% q/q print on Australian Q1 GDP data, but failed to sustain gains and subsequently drifted lower.