XE Market Analysis: North America – Jun 18, 2021
The dollar settled to a consolidation of its post-Fed announcement gains. The narrow trade-weighted DXY dollar index was off highs but still up 1.5% on the week, plying a narrow range below the two-month high that was printed yesterday at 92.01. EUR-USD settled back above 1.1900s after edging out a fresh two-month low at 1.1885, and USD-JPY ebbed to a two-day low at 109.94, having dropped back from the 11-week high that was seen yesterday at 110.82. The yen has posted gains versus other currencies, finding support amid re-positioning as global asset markets sputter.