XE Market Analysis: Asia – Jun 07, 2021

The Dollar was mostly lower overnight, taking the DXY to 89.91 lows, and under Friday’s post-jobs report low of 90.03. Treasury yields edged slightly higher on the session, though remained well below levels seen before the employment report. This was the likely driver of USD weakness on Monday. There was nothing in the way of data to move markets. Wall Street was mostly lower, leaving the S&P 500 and the DJIA modestly underwater, and the NASDAQ with shallow gains at mid-afternoon. Investors remained largely sidelined after Friday’s gains, and ahead of this Thursday’s key U.S.

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