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Bloomberg dollar index fell to a three-week low as markets moved towards risk-on trading. Stock prices strengthened while 10-year US yields fell 1bp to 1.59%. Commodity-linked currencies led gains for G-10 currencies with AUD and NZD strengthening as much as 1%.
"It is always the simple that produces the marvelous."
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FX Rates
October 19, 2021Rates 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.
EUR/USD 1.1644 GBP/USD 1.3810 USD/CAD 1.2366 AUD/USD 0.7460 USD/JPY 114.22 USD/CNH 6.3875 USD/ILS 3.2152 USD/MXN 20.3208 USD/CHF 0.9203 USD/INR 75.3475 USD/BRL 5.5538 USD/SGD 1.3446 USD/DKK 6.3888 USD/SEK 8.6216 USD/NOK 8.3750
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USD
The US dollar index is 0.5% lower as traders begin speculating that this could be a reverse of a strong dollar trend. The greenback hit year-to-date highs in recent weeks and risk-on trading today has pushed the dollar lower.
GBPSterling hit its highest level since Sept 16 strengthening to 1.3816 almost +0.7%. This move higher followed comments from the Bank of England Governor Andrew Bailey.
EUREUR/USD continues to strengthen hitting a high of 1.1669 earlier in the session. The options market is suggesting that the pair could break through spot key resistance levels.
CADUSD/CAD is trading only slightly lower following a reverse in trend due to WTI crude prices briefly weakening. USD/CAD is down just 0.1% after hitting lows of 1.2311 earlier in the session.
ASIA/PACIFICNZD and AUD along with other commodity-linked currencies led gains amongst the G-10 currencies. NZD/USD strengthened as much as 1% following momentum after a strong release of CPI. The Australian dollar gained 0.9%.
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| Source: Bloomberg | |
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