Dollar higher in light trading to end week
June 11, 2021
EUR/USD 1.2117 GBP/USD 1.4123 USD/CAD 1.2132 AUD/USD 0.7714 USD/JPY 109.73 USD/CNH 6.3963 USD/ILS 3.2516 USD/MXN 19.7372 USD/CHF 0.8982 USD/INR 73.0762 USD/BRL 5.0997 USD/SGD 1.3257 USD/DKK 6.1355 USD/SEK 8.3089 USD/NOK 8.3332
The dollar is broadly higher versus all G-10 peers today, easing its weekly decline and earning back losses following yesterday’s CPI data. Univ. of Michigan sentiment will be released this morning. On the legislation front, after clashing with Republicans on his infrastructure plan, a group of 10 senators have agreed to pitch a 10-year bipartisan spending package to President Biden.GBP
The pound is slightly lower this morning as variant spread concerns continue to weigh on the currency. G7 leaders arrived in Cornwall today and President Biden met with PM Johnson to restore a close relationship between the US and UK.EUR
Euro is on the backfoot amid falling bond yields and as the ECB downplays inflation concerns. The ECB also sees the economy expanding by 4.6% this year and the inflation forecast was upgraded from 1.5% to 1.9%.CAD
The Canadian dollar is also lower versus the dollar and is on track for a third consecutive week of losses. The pair has been largely rangebound and the Canadian dollar is still the best performing currency this year.ASIA/PACIFIC
Buying interest in the dollar sent the USD/JPY pair higher recovering nearly all declines from yesterday. The dollar also marched higher versus China’s offshore yuan.
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