Dollar heavy in thin trading

The dollar is softer versus most majors, stronger only versus the Japanese yen as currencies linked to riskier assets advanced in thin trading and month end flows.

“In three words I can sum up everything I've learned about life: it goes on."
Robert Frost
  • FX Rates
    November 27, 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 remains at the lowest levels since April of 2018 on month end flows and low volume. The heavy dollar was offset by optimistic sentiment in US equity markets, as both the S&P and Nasdaq are up about 11% on the month.

    GBP

    The pound slipped slightly, but holds onto a 0.4% weekly gain versus the dollar and longest winning streak since January. EU’s chief Brexit negotiator will meet EU fisheries today ahead of next week’s resumption of face to face talks in London.

    EUR

    The euro holds steady above 1.19 adding 0.1% today and finishing the week 0.6% stronger versus the greenback.

    CAD

    The loonie climbed to two week highs versus the dollar and is higher versus many G-10 peers even amid retreating oil prices.

    ASIA/PACIFIC

    USDJPY fell as much as 0.3% to below the 104 level as some investors sought havens amid the surge in coronavirus cases.

    The Chinese yuan is lower on corporate demand for the dollar while investors listen for more clues for U.S. President Elect’s policy sentiment towards China.

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Kathryn Garvey
WRITTEN BY
Kathryn Garvey

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