XE Market Analysis: Asia – Jun 17, 2021

The Dollar for the most part continued its post-FOMC rally, taking the DXY to two-month highs of 92.01. Ahead of the Fed on Wednesday, the index was trading at 90.54. The prospects of more interest rate hikes sooner, along with ramped up growth and inflation forecasts, should keep the USD underpinned for now. Incoming data on Thursday disappointed, but had little negative impact on the Greenback. Initial and continuing jobless claims were higher than expected, while the Philly Fed index was a bit shy of forecasts, and leading indicators were about in line.

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