XE Market Analysis: Europe – Jun 18, 2021

The dollar has settled to a consolidation of its post-Fed announcement gains. The narrow trade-weighted DXY dollar index is up 1.6% on the week and is currently plying a narrow range just below the two-month high that was printed yesterday at 92.01. EUR-USD has settled just above Thursday’s two-month low at 1.1891, and USD-JPY has ebbed to a two-day low at 109.97, having dropped back from the 11-week high that was seen yesterday at 110.82. The yen has posted gains versus other currencies, finding some safe-haven support as global asset markets sputter.

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