XE Market Analysis: Asia – Jun 14, 2021

The Dollar was mixed in N.Y., though remained inside of relatively narrow trading ranges. The DXY topped at 90.53 early in the session, later hitting at low of 90.41 before steadying near 90.45. There was no data to drive markets on Monday. Focus has shifted to Wednesday’s FOMC meeting and press conference, where risks are for a less dovish, more hawkish spin: yields cheapened on Monday as the FOMC comes into focus. After last week’s rally that knocked longer rates to better than 3-month lows, bonds are highly susceptible to a hawkish twist from this week’s meeting.

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