The greenback is trading mixed against its peers ahead of today's Fed decision. Investors are anticipating that the central bank will decide to double monthly tapering to $30 bn and provide an updated economic outlook. The Canadian dollar continues to trade weaker against the USD as oil prices fell over 1%. The markets will focus on central bank decisions and inflation data due later this week.
December 15, 2021
EUR/USD 1.1257 GBP/USD 1.3244 USD/CAD 1.2894 AUD/USD 0.7140 USD/JPY 113.90 USD/CNH 6.3770 USD/ILS 3.1361 USD/MXN 21.2287 USD/CHF 0.9257 USD/INR 76.2300 USD/BRL 5.7056 USD/SGD 1.3687 USD/DKK 6.6040 USD/SEK 9.1021 USD/NOK 9.0851
USDThe US dollar trades mixed against its peers and higher against haven currencies. Traders are anticipating the Federal Reserve decision later today where the expectation is that the central bank will double tapering to $30 bn per month and provide an updated outlook on the economy.GBPUK data showed that inflation is above 5% hitting the highest level in over a decade and supporting the pound. GBP/USD touched a high of 1.3283.EUROvernight hedging costs for EUR/USD are the highest they've been since the US elections in November 2020. Investors remain focused on the central bank meetings today and later this week.CADThe Canadian dollar fell to a 3-month low as oil prices dropped over 1%. The decision from the Fed Reserve along with inflation data out of Canada may dictate further direction for USD/CAD.ASIA/PACIFICThe Australian dollar led G-10 gains against the US dollar amidst optimism of the narrowing budget deficit. USD/JPY is trading slightly higher up 0.2% amidst higher US Treasury yields.
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