Equities firm, dollar lower on light trading

Equities firm, dollar lower on light trading

Global equities edged higher, with tech stocks leading the charge. In general, markets were relatively quiet as investors digest yesterday’s lower-than-expected US inflation data and the speech by the Fed Chair. Powell focused more on existing weak employment than on yet-to-be-seen rising inflation. The dollar is broadly lower for a fifth straight day. Trading activity in all asset classes was particularly light, as Chinese New Year begins today, ending next Wednesday. Prices of bonds, oil and gold are all basically unchanged.

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  • FX Rates
    February 11, 2021

    Rates 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.

  • USD

    The dollar is weaker across the board, dropping by 1.35% over the last five trading days. Traders are digesting dovish comments by Fed Chair Powell and weak inflation figures. This morning’s Initial Jobless Claims for the week ending February 6 were higher-than-expected, but had little impact on markets.


    The UK pound is unchanged versus the dollar, but remains not far from yesterday’s two-year highs. Investors are digesting market chatter about the new relationship between the UK and EU, which has not begun as smoothly as most hoped.

    The euro is higher by 0.22% overnight in-line with broad dollar weakness. Traders await the European Commission’s Economic Forecasts to be published later today.

    The loonie gained 0.32% overnight in-line with the broadly weaker US dollar. Traders had little to work with, as commodity prices are basically unchanged and there are no economic data releases today.


    The Australian dollar was the top performing G-10 currency after Secretary to the Treasury Steven Kennedy made upbeat comments about confidence in an economic recovery.

    The Chinese yuan moved little as Chinese New Year kicks off today.

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Scott Petruska
Scott Petruska

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