XE Market Analysis: Asia – Jun 23, 2021
The Dollar slipped some in early trade, seeing the DXY bottom at 91.51 from overnight highs of 91.90. The USD later bounced some, after most major currencies hit one-week lows versus the Greenback. Incoming data saw mixed Markit PMIs, and a weaker new home sales outcome, the latter of which, took the USD to its lows of the day. Wall Street was in consolidation mode, with the major indices trading on either side of unchanged. The Fed appears to have sufficiently calmed inflation fears this week, which has seen Treasury yields rangebound, and has kept a general bid under equites for now.