The dollar is little changed overnight amid light trading volumes given the year-end and holiday week. US equities are opening at all-time highs.
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December 28, 2021
EUR/USD 1.1298 GBP/USD 1.3435 USD/CAD 1.2807 AUD/USD 0.7238 USD/JPY 114.86 USD/CNH 6.3732 USD/ILS 3.0998 USD/MXN 20.5760 USD/CHF 0.9186 USD/INR 74.6600 USD/BRL 5.6370 USD/SGD 1.3550 USD/DKK 6.5840 USD/SEK 9.0740 USD/NOK 8.8080
The US dollar is slightly higher on the back of the S&P index opening at an all-time high. US Treasury 10Yr yield edged lower to 1.46%. The FHFA US House Price Index for October was higher than expected.GBP
UK remains closed Tuesday for Boxing Day. COVID cases remain high in the UK and will likely increase over the next few weeks due to holiday gatherings. UK pound rate climbed to a five-week high overnight crossing trading north of 1.3450.EUR
With no central bank policy events or major economic figures due in the holiday week ahead, euro trading volumes continuing to remain low. EUR/USD levels are slightly higher due continued research showing that Omicron is less severe than Delta, which may minimize economic headwinds in the eurozone.CAD
USD/CAD is stable despite firm oil prices. Canada remains on holiday today, so trading is expected to remain light.ASIA/PACIFIC
News that the Omicron variant's symptoms may be less severe than the delta variant is leading to increased demand for riskier currencies, including the AUD.
USD/JPY rates remain stable overnight as Japan reported a record jump in factory output in November, mostly due to car production.
This article is intended for U.S. audiences only.
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