“The best way to predict your future is to create it.”
February 3, 2022
EUR/USD 1.1390 GBP/USD 1.3593 USD/CAD 1.2691 AUD/USD 0.7138 USD/JPY 114.92 USD/CNH 6.3555 USD/ILS 3.1900 USD/MXN 20.5850 USD/CHF 0.9192 USD/INR 74.8600 USD/BRL 5.3000 USD/SGD 1.3455 USD/DKK 6.5340 USD/SEK 9.1155 USD/NOK 8.7650
The Dollar Index is down following initial gains. ECB President Lagarde’s hawkish comments helped send the dollar lower and euro higher. US unemployment claims for last week showed a decrease of 23K, which was better than expectations. Both US bond yields are higher and the S&P 500 lower.GBP
In yesterday’ policy meeting the BoE raised interest rates 25 basis points from 0.25% to 0.50%. Since the announcement the GBP/USD is trading with modest intraday gains.EUR
After the hawkish comments in the press conference by ECB President Lagarde, the euro has appreciated to levels just below 1.14. Lagarde stated that the ECB came to a unanimous decision about the eurozone inflation and they will look to reassess rates as new data comes out in March. European bonds yields are all in positive territory for the first time since 2018.CAD
The loonie is little changed from yesterday's close. Oil prices are steady, as traders wait to see whether OPEC+ members will deliver on the promised supply increase in March.ASIA/PACIFIC
The Japanese yen is the weakest of the G-10 currencies, down by 0.30% overnight, impacted more by rising US interest rates than by the sell-off in global equities, which typically increases demand for the safe haven yen.
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