USD continues to edge lower against EUR and GBP; GBP climbed to 3-year high as the UK economy is set to fully reopen on June 21

USD continues to edge lower against major peers as investors anxiously waiting for the job report by the end of this week. DXY Index was down 0.2% since opening, currently trading at 89.815. In APAC, AUD rose on Tuesday to as high as 0.77605 against USD, ahead of RBA’s decision that will be released later today. Market expects no change on the rate.

GBP rallied to its 3-year high against USD as the prospect on reopening looks promising. Currently, officials in the UK are planning to reopen the country on June 21. In the next one month or so, 3/4 of the UK population will have received two doses, showing exceptional performance in vaccination compared with other major economies. GBPUSD currently trades around 1.4231 at press time, up 0.183% since opening.