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June 14, 2021 Daily FX Market Roundup 06.14.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Treasury yields traded sharply higher on Monday ahead of the Federal Reserve’s monetary policy announcement. The 2.7 percent rally in ten year yields and decline in the Dow Jones Industrial Average reflects the market’s belief that the central bank will begin discussions about reducing purchases this week. Typically, taper talk coincides with broad based dollar gains but the greenback was unchanged against sterling and lost value against euro, Canadian, Australian and New Zealand dollars. USD/JPY broke through 110 and USD/CHF knocked against 90 cents but the lack of consistency in the dollar’s overall performance suggests that not everyone is convinced that the Fed is ready to send yields higher with less dovishness. They have plenty of other opportunities to signal the change to the market including their August Jackson Hole conference or the September F

New zealandFederal reserveBond yields soarDollar strugglesKathy lienManaging directorDow jones industrial averageAugust jackson holePrime ministerபுதியது ஜீலாந்துகூட்டாட்சியின் இருப்புகத்தி உரிமைநிர்வகித்தல் இயக்குனர்டோ ஜோன்ஸ் தொழில்துறை சராசரிஆகஸ்ட் ஜாக்சன் துளைப்ரைம் அமைச்சர்