The Dollar headed higher through the London morning session, though faded through the N.Y. day, leaving the DXY at 89.88 lows from early highs of 90.25. There was no top-tier data to move the market, while comments from the Fed’s Harker, who said “it might be time to at least think about thinking about tapering our $120 bln” in QE purchases had little impact. Softer Treasury yields likely weighed some on the USD. A period of consolidation may be at hand until Friday, as the markets await the key May U.S. unemployment report.

The dollar is moderately firmer today. The DXY USD index has printed a two-day high at 90.01, which reverses a good portion of the decline seen on Monday and yesterday. EUR-USD concurrently ebbed to two-day lows under 1.2200 while USD-JPY lifted to a two-day high at 109.85. The U.S. currency still remains at softer levels versus most currencies from week-ago levels. The 10-year Treasury yield has remained anchored near 1.60%. The Australian dollar briefly lifted following an above-forecast 1.8% q/q print on Australian Q1 GDP data, but failed to sustain gains and subsequently drifted lower.

The dollar is moderately firmer today. The DXY USD index has printed a two-day high at 90.1, which reverses a good portion of the decline seen on Monday and yesterday. EUR-USD concurrently ebbed to a two-day low at 1.2205 while USD-JPY lifted to a two-day high at 109.78. The U.S. currency still remains at softer levels versus most currencies from week-ago levels. The 10-year Treasury yield has remained anchored near 1.60%. The Australian dollar briefly lifted following an above-forecast 1.8% q/q print on Australian Q1 GDP data, but failed to sustain gains and subsequently drifted lower.