XE Market Analysis: Europe – Jun 09, 2021

Narrow ranges have been prevailing among the dollar majors as key data and events loom. Tomorrow’s ECB meeting and U.S. CPI are keenly awaited by market participants, in addition to next week’s FOMC meeting. The DXY dollar index has settled nearly the 90.0 level, and has remained within the bounds of yesterday’s ranges, as have dollar pairings. EUR-USD, for instance, has plied a range of less than 20 pips so far today, holding just above yesterday’s low at 1.2163.

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