Quarter-end flows support the greenback

Quarter-end flows support the greenback

The greenback is modestly higher than its G-10 peers as month-end flows support the currency. Last night’s US Presidential debate resulted in risk appetite retreating as the conversation highlighted a contested election in November. Betting odds are signaling a higher probability of a Joe Biden win. Data later this week will be a focus for the markets including ADP employment, US employment reports and GDP.

“Unless someone like you cares a whole awful lot, nothing is going to get better. It’s not.”
Dr. Seuss
  • FX Rates
    September 30, 2020

    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 US dollar strengthened during Asia hours as equities traded lower and Treasuries rose following betting odds signaling that Joe Biden will win the US election after the US Presidential debate. The Bloomberg dollar index is trending towards its worst quarter in three years but its best month since March.
    Sterling snapped its two-day winning streak as Brexit negotiations show signs of reversing positive momentum. GBP/USD is on track to gain 3.4% this quarter.
    EUR/USD fell 0.4% holding above the 1.17 level. The common currency has strengthened 4.4% over t he last quarter but is on track to loss almost 2% this month.

    The loonie remains largely unchanged and the pair is on track to close the month up 2.6%. Crude oil weakened 0.6% this morning.


    Better than expected manufacturing data out of China supported the Australian dollar with AUD/USD up 0.3% earlier in the session. USD/JPY remains largely unchanged maintaining a range of 105.44-105.80.

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Cate Camerota
Cate Camerota

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