XE Market Analysis: North America – Jun 17, 2021

The dollar has continued to ascend, extending its post-Fed announcement advance. The DXY dollar index printed a two-month high at 91.85, and is up by nearly 1.5% over the last day. EUR-USD concurrently pegged a two-month low at 1.1926, while USD-JPY hit an 11-week peak at 110.82. Cable fell to a six-week low at 1.3934 and AUD-USD 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.

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