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Jun 01, 2021 | Monthly Currency Outlook

Currency Market Outlook - June 2021

Our Junereport outlines the key events and drivers that our analyst team expect to impact FX currency markets in the weeks ahead.

Written by George Vessey, UK Currency Strategist 

Highlights include:

USD: U.S. inflation holds the keys to both the outlook for Fed policy and the dollar's coming prospects.
CAD: Year to date: USD/CAD has fallen about 5%.
GBP: GBP/EUR upside may remain limited amidst a stronger European recovery, but a breakout higher could unfold if the currency pair reclaims the €1.17 handle.
EUR: As summer arrives, European investors will turn their eyes to three key topics: tourism activities, the process for unlocking EU funds, and the German elections.
JPY: If market participants monitor risks of potential sell-off in equity markets, the demand for yen will also be sensitive to swings in commodity and Crypto FX prices.

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