FX markets trade in tight range ahead of Easter holiday
Major currency pairs are trading within tight ranges due to lower volumes ahead of the holiday weekend. The US dollar is mixed, strongest against CAD and AUD and weakest against MXN and ILS. Several nations including Canada and France have announced new lockdowns in an effort to control the Covid pandemic.
April 1, 2021
EUR/USD 1.1760 GBP/USD 1.3812 USD/CAD 1.2575 AUD/USD 0.7596 USD/JPY 110.64 USD/CNH 6.5790 USD/ILS 3.3300 USD/MXN 20.3000 USD/CHF 0.9441 USD/INR 73.4500 USD/BRL 5.6750 USD/SGD 1.3447 USD/DKK 6.3250 USD/SEK 8.7250 USD/NOK 8.5252
USDThe dollar index is largely unchanged after trading as much as 0.2% higher earlier overnight. US 10-year Treasury yields dropped 2 bps to 1.71% currently.GBP
GBP/USD is trading slightly lower amid broad USD strength. Sterling finished its best quarter against the euro since 2015.EURThe common currency has declined against the USD for three consecutive months. The latest news out of the EU is that French President Emmanuel Macron announced a four-week shutdown, closing schools and businesses due to higher Covid cases.CAD
USD/CAD is trading higher following news that the province of Ontario will return to lockdown on Saturday. The loonie is also under pressure as investors await today's announcement from OPEC+ meeting regarding oil output.ASIA/PACIFIC
The Australian dollar leads losses for G-10 currencies after breaking below a support level which triggered stop losses. AUD/USD lost as much as 0.9%, falling to the lowest level since December 23.
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