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Dollar slides to end week, equities stronger
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FX Rates
September 10, 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 1.1824 GBP/USD 1.3869 USD/CAD 1.2592 AUD/USD 0.7400 USD/JPY 109.92 USD/CNH 6.4318 USD/ILS 3.1980 USD/MXN 19.8799 USD/CHF 0.9178 USD/INR 73.4975 USD/BRL 5.2160 USD/SGD 1.3391 USD/DKK 6.2889 USD/SEK 8.6119 USD/NOK 8.6234
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USD
The dollar slid again amid improved risk tone. Data out today includes August PPI where prices showed an increase of 1% month over month citing challenges across production pipeline.
GBPThe pound rose despite mixed economic data out of the UK as markets turn focus towards September BoE meeting. The pair trades within a tight range ahead of GDP figures and trade balance.
EUREuro gained slightly versus the dollar to 1.1834 ahead of the 55DMA and nearby support of 1.1809. Markets digest the dovish recalibration of the ECB’s PEPP yesterday. Chairwoman Christine Lagarde commented that the timing of the end of stimulus and other guidance would be discussed at the December meeting.CADCanadian unemployment data showed job growth beating estimates: 90.2K jobs added versus 68.2K forecast. The Canadian dollar strengthened 0.6% on the news.ASIA/PACIFICUSD/JPY rose amid higher yields and rising commodity prices.
US Pres. Joe Biden spoke to China’s Xi Jinping for the first time since February and raised hopes for an improvement in relations between the two countries.
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| Source: Bloomberg | |
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