The US dollar is lower, not capitalizing on US Treasury yields moving above 1.5%. Global equities are mixed as investors continue to access economic consequences of omicron epidemic. Oil and gold are soft.
"Coaches have to watch for what they don't want to see and listen to what they don't want to hear."
December 29, 2021
EUR/USD 1.1347 GBP/USD 1.3475 USD/CAD 1.2812 AUD/USD 0.7245 USD/JPY 114.75 USD/CNH 6.3718 USD/ILS 3.1043 USD/MXN 20.5650 USD/CHF 0.9147 USD/INR 74.7350 USD/BRL 5.6632 USD/SGD 1.3535 USD/DKK 6.5510 USD/SEK 9.0305 USD/NOK 8.7910
USDThe dollar is slightly lower overnight across the board. Trading is light as traders adjust positions going into year-end.GBP
GBP/USD hit a low of 1.3409 overnight, but then turned higher as US trading commenced. UK stocks are underperforming as the omicron outbreak in the UK unsettles investors.EUR
The euro opened trading last night at a one week low, but has made a recovery with the opening of the North America markets.CAD
CAD is steady in spite of lower oil prices. The weekly Nanos Consumer Confidence index was lower than expected and lower than the prior period.ASIA/PACIFIC
The Japanese yen is steady versus the dollar, but the USDJPY currency pair has dropped below the 115.00 mark.
For more analysis on FX markets or information regarding SVB's FX services:
See all of SVB's latest FX information and commentary at www.svb.com/trends-insights/foreign-exchange-advisory
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