XE Market Analysis: Europe – Jun 14, 2021
The dollar has remained firmer versus most other currencies, trading in a typically narrow early-week range within a whisker of one-month highs by the measure of the DXY narrow trade-weighted index. This has been concurrently with the 10-year U.S. Treasury yield trading a few basis points above last week’s three-month lows under 1.430%. The benchmark yield, to recap, dropped by nearly 15 bp last week, despite May CPI out of the U.S. coming in hotter than expected at a 13-year high of 5.0% y/y.