XE Market Analysis: Asia – Jun 15, 2021

The Dollar was mostly higher through the London morning session, peaking just after the hotter U.S. PPI outcome. The DXY topped at a one-month high of 90.68, up from intra day lows of 90.35. Aside from PPI, data was mixed, with retail sales missing the mark, though upwardly revised previous months data took the sting out. Industrial production came in better than consensus forecasts. Dollar buying, which was largely a function of pre-FOMC short covering petered out by mid morning, with major pairings largely turning sideways into the close. The U.S.

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