XE Market Analysis: Europe – Jun 17, 2021
The dollar has extended its post-Fed announcement advance. The DXY dollar index earlier printed a two-month high at 91.51, and is up by nearly 1.1% over the last day. EUR-USD has concurrently pegged a two-month low at 1.1961, while USD-JPY has hit an 11-week peak at 110.82. Cable has fallen to a six-week low at 1.3972 and AUD-USD has traded below 0.7600 for the first time since mid April. NZD-USD has managed to lift out of the two-month lows of yesterday following above-forecast Q1 GDP data out of New Zealand, which came in at 1.6% q/q, over triple the median forecast for 0.5% growth.