The USD finished off the week on a high note.The Bloomberg dollar spot index and the DXY were up 0.2% and 0.38% respectively. Canada posted record-level jobless data for last month, as the jobless rate fell to the lowest level since the 1970s. Commodity prices hold steady from yesterday.
April 8, 2022
EUR/USD 1.0843 GBP/USD 1.2994 USD/CAD 1.2607 AUD/USD 0.7433 USD/JPY 124.51 USD/CNH 6.3736 USD/ILS 3.2253 USD/MXN 20.1680 USD/CHF 0.9367 USD/INR 75.9050 USD/BRL 4.7653 USD/SGD 1.3643 USD/DKK 6.8598 USD/SEK 9.4887 USD/NOK 8.7793
The greenback continues its climb this week as the Bloomberg dollar index reaches its highest level since July 2020. The dollar gained on most of its G10 peers except NOK.GBPGBP/USD rates slide to 2022 lows as the dollar continues to strengthen. The sterling fell 0.44% intraday and is trading at $1.30.EUREUR/USD rates fell below $1.09 yesterday and are holding in the 1.0850 range. The ECB meeting in April will be paramount for the euro, as investors speculate if the ECB will raise rates supporting the euro.CAD
USD/CAD trades around 1.26, as the Canadian jobless rate falls to a record low. The Canadian unemployment rate fell in March to the lowest level since the 1970’s.ASIA/PACIFICAUD/USD rates have retreated from their YTD highs, and are currently trading near three-week lows. US Treasury yields weigh on both the Japanese yen and commodity prices. The yen is down 0.50% on the day, and the Aussie dollar is down 0.62%.
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