Risk-on sentiment returned to markets as both the S&P and Dow closed at record highs. Earnings week and Central Bank week continue today with the Bank of Canada beginning their two-day meeting. Haven currencies are weaker versus peers.
“Life is like riding a bicycle, to keep your balance, you must keep moving.”
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FX Rates
October 26, 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 1.1617 GBP/USD 1.3797 USD/CAD 1.2353 AUD/USD 0.7521 USD/JPY 114.1 USD/CNH 6.3793 USD/ILS 3.2008 USD/MXN 20.1480 USD/CHF 0.9199 USD/INR 74.9563 USD/BRL 5.5735 USD/SGD 1.3464 USD/DKK 6.4039 USD/SEK 8.5900 USD/NOK 8.3262
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USD
Dollar moved lower as upbeat earnings reports boosted investor sentiment. The dollar is nearing its 55-DMA. US Data out today includes Sept. New Home Sales, FHFA house price index and October consumer confidence.
GBPThe pound picked up 0.40% versus the dollar amid dollar selling and optimism surrounding recovery from the COVID-19 pandemic. Modeling from the UK government suggested infections could decline significantly in the coming months.
EURThe euro sold off yesterday and has some renewed buying interest this morning. Investors will pay attention to Christine Lagarde’s comments after the ECB meeting Thursday.
CADUSD/CAD fell, giving up gains from yesterday as the BoC begins its two-day policy meeting today.
ASIA/PACIFICThe Japanese yen is also weaker versus G10 as havens take a backseat to equities.
The offshore yuan rose in the wake of a call between Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen.
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/foreign-exchange-advisory
| Source: Bloomberg | |
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