Dollar posting weekly drop ahead of holiday weekend

Currencies are trading in narrow ranges ahead of the Fourth of July holiday. The dollar is set to post a weekly drop following Jobs data yesterday.

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  • FX Rates
    July 3, 2020

    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 dollar headed for a weekly drop following improved sentiment in the wake of Jobs numbers released yesterday. Upbeat tone is tempered as coronavirus cases are on the rise across the US.

    The pound is lower in thin trading ahead of the holiday weekend. The EU and UK are expected to return to negotiations next week.

    The euro ticked up 0.1% on the week following last week’s climb. Quarterly pace of economic contraction slowed to 0.2% in June which was better than expected.

    Sliding oil prices weighed on the Canadian dollar as the currency slipped versus its US counterpart.


    The yen is range bound in thin trading ahead of the holiday weekend and is ending the week stronger versus the dollar.

    China’s offshore yuan eked out its biggest weekly gain (+0.24%) in four on an uptick in manufacturing purchasing managers’ index adding to signs that the economy is rebounding.

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Kathryn Garvey
Kathryn Garvey

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