XE Market Analysis: Asia – Jun 18, 2021
The Dollar rallied in N.Y. on Friday, with gains coming early following comments from the Fed’s Bullard, who said we are experiencing “…more inflation than we were expecting.” He added “I think it’s natural that we’ve tilted a little bit more hawkish here to contain inflationary pressures.” Treasury yields shot up on the comments, taking the USD broadly higher. The Greenback reversed a bit lower later into the weekend, as profit taking, driven by the subsequent easing of yields set in. Given heightened inflation concerns, the USD may still have some room to run higher. There was no U.S.