XE Market Analysis: Asia – Jun 22, 2021

The Dollar was largely rangebound in N.Y. on Tuesday, though ultimately headed slightly lower. The DXY topped at 92.13 early, later hitting a low of 89.76. Trade was light ahead of Fed Chair Powell’s testimony, though based on his published written remarks, he should not stray from his recent stance on employment and inflation. Incoming data saw existing home sales and the Richmond Fed index beat expectations, though neither had much impact on the USD. Wall Street was modestly higher, while Treasury yields were little changed.

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