Dollar mixed ahead of FOMC minutes release
The US data schedule is light today with JOLTs due out this morning and FOMC minutes to be released this afternoon. Investors will pay attention to any signs of tapering of asset purchases and inflation targets following the slightly more hawkish comments last month. The dollar is down versus the Canadian dollar and mixed versus the pound and euro.
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July 7, 2021
EUR/USD 1.1803 GBP/USD 1.3805 USD/CAD 1.2450 AUD/USD 0.7505 USD/JPY 110.69 USD/CNH 6.4666 USD/ILS 3.2706 USD/MXN 19.9422 USD/CHF 0.9251 USD/INR 74.6188 USD/BRL 5.2011 USD/SGD 1.3482 USD/DKK 6.3004 USD/SEK 8.6224 USD/NOK 8.6968
The dollar is mixed ahead of FOMC minutes which are due to be released this afternoon. Markets will look for any hints regarding tapering of asset purchases and the expected path for inflation.GBP
The pound climbed versus the dollar this morning following optimistic comments by PM Johnson that despite an uptick in Covid cases last week, the UK economy is still on track to fully reopen on July 19.EUR
After giving up ground yesterday, the euro holds steady around its 3-month low weighed down by falling euro bond yields and Delta variant risks.CADThe Canadian dollar gave up ground to US dollar demand yesterday and as oil prices softened.ASIA/PACIFICIn China, the offshore yuan is stronger following reports that China is considering a cut to the reserve requirement ratio to fuel economic recovery.
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