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Dollar slides for fourth session
This Week’s Economic Data:
Monday: Japan Industrial Production
Tuesday: US Housing Starts
Wednesday: UK CPI
Thursday: France Markit Manufacturing
Friday: US manufacturing PMI, Eurozone Manufacturing PMI
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FX Rates
August 17, 2020Rates 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 1.1866 GBP/USD 1.3104 USD/CAD 1.3215 AUD/USD 0.7209 USD/JPY 106.15 USD/CNH 6.9340 USD/ILS 3.4035 USD/MXN 22.0042 USD/CHF 0.9067 USD/INR 74.8862
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USDThe dollar lags behind for a fourth straight session amid thin trading. Nancy Pelosi is set to call back Congress this week to vote on a Postal Service bill to ensure ballots can be delivered in time for the election. Congress departed for summer recess despite failing to come to agreement over another round of stimulus. The Democratic National Convention begins tonight and will be hosted virtually.GBP
The pound is down slightly versus the dollar trimming previous gains. The pair lacks directional bias amidst nervousness as markets wait for Brexit trade negotiations to resume in Brussels tomorrow.
EURThe euro trimmed gains and is up only slightly versus the dollar as European countries take on additional measures to stop the resurgence of COVID.CADThe Canadian currency led G-10 gainers versus the dollar as the pair opened the week 0.3% lower mostly on dollar weakness.ASIA/PACIFICDespite a risk on mood in the markets, the yen gained for a second day. The US and China postponed talks aimed at reviewing progress at the six-month mark of their phase-one trade agreement as President Trump continues to mark tough positions against China ahead of November’s election.
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| Source: Bloomberg | |
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