XE Market Analysis: Asia – Jun 11, 2021

The Dollar moved broadly higher in N.Y. on Friday, taking the DXY to highs of the week at 90.61. The index opened near 90.30, and had bottomed at 89.96. Treasury yields formed up some into the weekend, with position squaring following a week of significant yields drops driving the bond market. Incoming data was light, with the University of Michigan consumer sentiment on tap, which improved more than expected, and improved USD sentiment. Wall Street was narrowly mixed through the session, with investors perhaps remaining sidelined ahead of the FOMC meeting, and a heavy U.S.

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