XE Market Analysis: Europe – Jun 03, 2021

The dollar has continued to meander towards Friday’s May U.S. jobs report, as have Treasuries, with the 10-year note and 30-year bond yields continuing to oscillate around the 1.60% and 2.30% levels, respectively. The DXY USD index has lifted back above 90.10 after yesterday dipping to a low at 89.88, but has remained short of Wednesday’s high at 90.25. The dollar has been consolidating losses seen over April and May above the five-month low that was seen at 89.54 on May 25. EUR-USD has settled back under 1.2200, while Cable seems to have settled in a range centred around the 1.4150 mark.

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