XE Market Analysis: North America – Jun 11, 2021

The dollar lifted out of lows after yesterday tracking the sharp drop in longer-dated Treasury yields. The DXY dollar index recouped a large part of yesterday’s decline in posting an intraday high at 90.22, having earlier printed a two-day low at 89.96. EUR-USD dropped back to the mid 1.2100s after earlier carving out a two-day high at 1.2196. The ebb in the pairing was the product of a broadly, albeit moderate, decline in the euro concurrent with a broad firming in the dollar, which has lifted out of lows.

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