XE Market Analysis: North America – Jun 16, 2021

The dollar majors have been plying narrow ranges into the Fed policy announcement. The DXY dollar index has settled near 90.50 after ebbing back from yesterday’s one-month high at 90.68. The peak was seen as the 2-year U.S. Treasury yield inched up to 7-week highs above 0.170%. EUR-USD has settled in the lower 1.2100s after posting a one-month low at 1.2093 earlier in the week. USD-JPY has settled just below the 12-day high that was seen yesterday at 110.18.