XE Market Analysis: North America – Jun 29, 2021

The dollar has been trading with a firming bias, overall, posting fresh highs versus many currencies. The spate of cautious trading in world stock markets, due to concerns about the highly transmissible Delta variant’s spread in Asia and elsewhere, has revived some safe haven demand for the U.S. currency. Data out of Asia have been adding to the wary sentiment. Out of Japan today, while retail sales rose, the jobless rate hit a five-month high as a consequence of virus restrictions. This followed weekend data showing profits at Chinese industrial companies falling in May.

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