XE Market Analysis: Asia – Jun 28, 2021

The dollar moved modestly higher early in the session on Monday, later giving back much of its gains, as Treasury yields fell fairly sharply. The DXY moved from London lows of 91.71, topping at 92.01 in morning trade, before pulling back to 91.82. Incoming data was light, with only the Dallas Fed index on tap. It fell slightly, but remains at lofty levels, and had no impact on the FX market. Wall Street was mixed, though the NASDAQ was the outperformer, rising to fresh record highs, and up as much as 0.7% intra day on lower Treasury yields.

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