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Dollar continues to ease as share prices rise
“You cannot escape the responsibility of tomorrow by evading it today.”
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FX Rates
August 3, 2021Rates are not real time. Rates are today's indicative mid-market rates as of time of publishing, which may vary. Please contact SVB for a current quote.
EUR/USD 1.1869 GBP/USD 1.3900 USD/CAD 1.2551 AUD/USD 0.7376 USD/JPY 108.91 USD/CNH 6.4656 USD/ILS 3.2141 USD/MXN 19.8457 USD/CHF 0.9041 USD/INR 74.285 USD/BRL 5.2512 USD/SGD 1.3519 USD/DKK 6.2663 USD/SEK 8.6037 USD/NOK 8.8245
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USD
The dollar is softer again this morning as strong earnings boost equities. Amid the spreading delta variant, Senate Lindsey Graham tested positive for the virus. This all comes as the Senate prepares to pass a $550B infrastructure bill this week. Durable goods and factory orders for June comes at 10 a.m.
GBPSterling is stronger versus the dollar, helped by declining local covid infections and anticipation of hawkish signals from Thursday’s Bank of England meeting.
EURThe euro climbed higher amid rising 10-year yields, higher equity prices and as virus cases in Europe fall. The pair trade within familiar ranges and eurozone PPI for June rose 1.4% MoM as expected.
CADThe Canadian dollar is weaker versus the greenback amid a decline in WTI prices. The USDCAD cross is quiet this morning following a civic holiday in Canada on Monday.
ASIA/PACIFICUSDJPY fell again this morning amid strong investor demand and as the yen touched two-month highs versus the greenback.
The Aussie leads gainers following the Central Bank’s announcement it will stick with the current tapering plan – instilling confidence the economy will rebound following the latest virus outbreak.
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| Source: Bloomberg | |
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