XE Market Analysis: Europe – Jun 15, 2021
The dollar has been trading steady-to-softer in the latest phase, putting a little distance in from the rebound highs that were seen on Friday or yesterday versus the other G10+ currencies. The 10-year U.S. Treasury yield, which remains a big focus for currency markets currently, has tipped back under 1.490% after scaling above 1.50% yesterday, which had marked about a one-third retrace of last week’s sharp yield decline. Oil prices have softened today after printing fresh 32-month highs yesterday, and other industrial commodities have also declined.