XE Market Analysis: Europe – Jun 10, 2019

The Dollar has rallied across-the-board in the wake of news that the U.S. and Mexico have reached a deal on migration, which in turn has allayed investor concerns on trade. The 10-year U.S. T-note yield has spiked over 4 bp, which in turn has generated a rotation higher in the U.S. currency. The narrow trade-weighted USD index rallied by nearly 0.5% from Friday’s 12-week low in making a high earlier at 97.85. EUR-USD concurrently receded to the lower 1.1300s after peaking at 1.1347 on Friday.