XE Market Analysis: North America – Jun 16, 2021

The dollar majors have been plying narrow ranges into the Fed policy announcement, which is due later today at the completion of the two-day FOMC meeting. The narrow trade-weighted DXY dollar index has settled near 90.50 after ebbing back from yesterday’s one-month high at 90.68. The peak was seen as the 2-year U.S. Treasury yield inched up to 7-week highs above 0.170%. The 10-year Treasury yield has steadied around the 1.50%, which marks over a third retrace of last week’s yield drop.

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