Yesterday's US Inflation data put downward pressure on the greenback. The Bloomberg dollar index fell to two-month lows. Today, the US dollar remains weak while risk-sensitive currencies lead G-10. The Canadian dollar remains strong despite lower WTI oil prices and the Australian dollar trades near two-month high as iron ore prices surge to levels not seen in three months.
January 13, 2022
EUR/USD 1.1477 GBP/USD 1.3741 USD/CAD 1.2460 AUD/USD 0.7312 USD/JPY 114.19 USD/CNH 6.3589 USD/ILS 3.1067 USD/MXN 20.3427 USD/CHF 0.9096 USD/INR 73.8850 USD/BRL 5.5160 USD/SGD 1.3446 USD/DKK 6.4852 USD/SEK 8.9007 USD/NOK 8.6550
USDFollowing inflation data yesterday the greenback fell to two-month lows. The currency continues to hover around those levels as risk-sensitive G-10 currencies trade higher.GBPSterling continues to trade stronger than the US dollar on broad market backdrop. GBP/USD traded to a high just below the 200-DMA of 1.3750 failing to break through.EUREUR/USD reversed its bearish trend after breaking through the 55-DMA. The currency pair gained traction after breaking through intraday resistance level of 1.1453 (Jan 12 high). EUR/USD continues to trade above the 1.1453 level.CADThe Canadian dollar extends its three-day winning streak even as WTI crude oil prices trade lower. The loonie remains strong on broad market trends and weaker US dollar.ASIA/PACIFIC
The New Zealand dollar lead G-10 currency gains trading as much as 0.5% higher. The Australian dollar holds near two-month high as iron ore prices advance to highest level in three months.
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