XE Market Analysis: Asia – Jun 30, 2021

The Dollar rallied broadly in N.Y. on Monday, taking the DXY to two-plus month highs of 92.44, up from overnight lows of 92.00. USD short-covering appeared to be the main driver through the session, which was prompted by the better ADP jobs report, and the advent of month and quarter-end. The higher than forecast private payrolls print likely raised expectations for Friday’s BLS employment report. Other incoming data on Wednesday saw pending home sales spike higher, and the Chicago PMI come in near expectations. We expect FX activity to slow into Friday’s key jobs data. Thursday’s U.S.

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