EUR climbs higher following decision from ECB
The US dollar remains weak against peers after trading lower yesterday. Demand for safe haven assets waned causing downward pressure on the greenback. News this morning showed that the European Central Bank has left rates unchanged. This announcement supports the common currency with EUR/USD breaking above 1.18.
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July 22, 2021
EUR/USD 1.1827 GBP/USD 1.3786 USD/CAD 1.2546 AUD/USD 0.7393 USD/JPY 110.08 USD/CNH 6.4662 USD/ILS 3.2683 USD/MXN 20.154 USD/CHF 0.9165 USD/INR 74.4662 USD/BRL 5.1931 USD/SGD 1.3587 USD/DKK 6.2890 USD/SEK 8.6491 USD/NOK 8.7983
US dollar weakens as demand for haven assets fade. Commodity-linked currencies lead gains among G-10 currencies as Treasury yields and US equities climb.GBP
Sterling holds above 1.37 amidst broad USD weakness. The British pound gained momentum following the decision by the ECB.EUR
EUR/USD trading slightly higher following release from the European Central Bank that it will keep its main refinancing rate unchanged. The central bank stated that it would keep rates at current levels until forecasts show progress.CAD
USD/CAD holds lower after dropping near 1% during yesterday’s trading session. WTI prices hold above $70/bbl.ASIA/PACIFIC
USD/JPY trades lower on broad USD weakness. Australian dollar is trading stronger despite lockdowns in the nation. Data released showed that Australia had a record high shipment for iron ore supporting the local economy.
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