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Dollar set to finish trading higher for a second week
The US dollar is set to end the week higher than its peers. Sterling leads losses for G10 currencies as traders hold onto concerns over the viruses' impact to the local economy.
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FX Rates
July 23, 2021Rates 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.
EUR/USD 1.1765 GBP/USD 1.3758 USD/CAD 1.2583 AUD/USD 0.7371 USD/JPY 110.53 USD/CNH 6.4791 USD/ILS 3.2689 USD/MXN 20.0426 USD/CHF 0.9206 USD/INR 74.4075 USD/BRL 5.1697 USD/SGD 1.36 USD/DKK 6.3220 USD/SEK 8.6908 USD/NOK 8.8712
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USD
The US dollar is trading higher today, set to strengthen for a second week. The greenback is supported by ongoing concerns of the virus and as traders bet on the Fed being closer to tapering than other major central banks.
GBPSterling leads losses for G10 currencies following data that showed the economy slowed in July as the resurgence of the virus caused widespread staff shortages.
EUREUR/USD remains largely unchanged, keeping a tight range of 1.1755-1.1786. Concerns remain on the euro-area outlook as businesses caution over shortages of raw materials, delivery delays and rising costs.CADUSD/CAD is trading within a tight range of 1.2555-1.2582. Bank of Canada announced that they would allow their employees to work remotely as much as 50% of the time. The central bank doesn’t expect a normal office ecosystem until 2022.
ASIA/PACIFICUSD/JPY is trading 0.3% higher today, with the pair up 0.5% for the week. NZD/USD is trading slightly higher after a travel bubble with Australia was suspended for at least 8 weeks.
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| Source: Bloomberg | |
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