Dollar ends Q3 at best levels for the year

Dollar ends Q3 at best levels for the year

The dollar is higher at the end of the quarter, fueled by rising US Treasury yields amid heightened expectations of Fed tapering as early as November. The S&P remains poised for a sixth straight month of gains despite large sell-offs this week. Fed Chair Powell will testify before the House Financial Services committee today.

"You must always have faith in people. And, most importantly, you must always have faith in yourself.” 

 

Elle Woods, Legally Blonde
  • FX Rates
    September 30, 2021

    Rates 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.


  • USD

    The US dollar is holding steady today amid quarter-end rebalancing investment flows. Commodity currencies and the offshore yuan (CNH) are outperformers. US Jobless claims this morning  for the week ending September 25 were higher than expected.

    GBP

    The pound increased slightly amid heightened BoE rate hike expectations. UK GDP YoY of 23.6% was better than 22.2% expected, which inspired buying of the UK pound. 

    EUR

    The euro fell below $1.1600 in the interbank market amid equity weakness and energy price increases.

    CAD

    USD/CAD fell from yesterday's one week highs swayed by mixed sentiment around the USD and higher oil prices.

    ASIA/PACIFIC
    USD/JPY pushed to 19-month highs amid rising US yields and improved risk appetite in financial markets.
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Kathryn Garvey
WRITTEN BY
Kathryn Garvey

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