XE Market Analysis: Europe – Jun 25, 2021

The dollar is softer in overall narrow ranges. EUR-USD has ticked back into the mid 1.1900s, and USD-JPY has drifted off yesterday’s 15-month high at 111.12. The pound has settled after rotating lower on the back of the BoE’s cautious messaging yesterday following its June policy review. Cable has edged back above 1.3900, above yesterday’s three-day low at 1.3889, while the pound fractionally extended yesterday’s low versus the euro. AUD-USD edged out a two-day high at 0.7599 while the U.S. dollar retraced some of the gain seen yesterday versus the Canadian dollar. Most of yesterday’s U.S.

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