US dollar index advances to highest level in one-week

US dollar index advances to highest level in one-week

The US dollar continues to drive FX markets as its move higher has caused all but one of its G10 peers to weaken. US 10-year Treasury yields hit a one-year high and US PPI Retail Sales data was released higher than expected supporting the US currency. Cold temperatures in the US continue to impact oil prices supporting a higher price per barrel.

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  • FX Rates
    February 17, 2021

    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 greenback gained against peers as 10-year Treasuries hit one-year highs. The US dollar extended its gain to a one-week high after stronger than expected US PPI Retail Sales data was released.
    Sterling slips on US dollar strength falling as much as 0.3%. GBP/USD is trading within the 1.38 handle, moving away from the psychological 1.40 level targeted yesterday.
    The euro was one of the biggest G10 losers versus the greenback falling as much as 0.4% and hitting a low of 1.2031.
    Earlier in the trading session the Canadian dollar remained steady against a firmer dollar as oil prices rose. The loonie has since weakened against the USD with USD/CAD trading about 0.3% higher.
    The Japanese yen was the only G10 gainer versus the US dollar with USD/JPY falling as much as 0.2%. AUD/USD moved as much as 0.4% lower following comments from the Reserve Bank of Australia Assistant Governor Christopher Kent stating that the policy from the central bank will continue to put downward pressure on the currency.  
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Cate Camerota
Cate Camerota

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