US jobless claims for the week ending November 13 were steady compared to the previous period, while slightly more than analysts' expected. The Bloomberg dollar index firmed slightly following the news. Oil is down 1% as the market braces for potential supply release from strategic reserves by the US and other nations. The New Zealand dollar outperforms G10 peers following data that showed the country’s inflation was at a 10-year high.
“The lesson I’ve learned the most often in life is that you’re always going to know more in the future than you know now.”
November 18, 2021
EUR/USD 1.1342 GBP/USD 1.3470 USD/CAD 1.2626 AUD/USD 0.7267 USD/JPY 114.34 USD/CNH 6.3840 USD/ILS 3.0858 USD/MXN 20.8350 USD/CHF 0.9263 USD/INR 74.2400 USD/BRL 5.5500 USD/SGD 1.3583 USD/DKK 6.5555 USD/SEK 8.8850 USD/NOK 8.7890
The US dollar is trading mixed this session, firming slightly after release of US jobless claims. 268K Americans filed for US state unemployment benefits, the same as the previous period, but slightly more than the estimate of 260K.GBP
The British pound is on track for its longest winning streak in seven months. Sterling is supported by strong labor and inflation data that beat economist expectations earlier this week.EUREUR/USD is trading slightly higher this morning, as market expectations move away from an ECB 10 basis point rate hike by year end 2022.CADOil prices continue to fall further extending six-week losses as the market braces for a potential coordinated release from strategic reserves by the US and other nations. USD/CAD is trading mostly unchanged.ASIA/PACIFICThe New Zealand dollar outperforms its peers following data out of the country that showed inflation at a 10-year high. AUD/USD is up slightly 0.1%, while USD/JPY remains steady.
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