XE Market Analysis: Europe – Jun 07, 2021

The dollar has lifted out of its post-U.S. jobs report lows, as has the 10-year Treasury yield. Both remain well off their pre-data levels, however, being modestly firmer in a “dust settling” trade following the sharp drops that both the greenback and longer-dated bongs saw in the wake of the data miss on Friday. The DXY USD index earlier scaled to a rebound high of 93.30 after printing a low at 90.03 on Friday. The 24-day high that was seen ahead of the U.S. data is at 90.63. The U.S. jobs report hit the sweet spot — being neither too cold nor not too hot.

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