The US dollar is trading stronger against its peers as investors remained concerned about global recession risks and the war in Ukraine. The US dollar hit multi-year highs against the EUR and JPY. The Canadian dollar remains under pressure as oil prices hover around $100/bbl.
April 28, 2022
EUR/USD 1.0484 GBP/USD 1.2428 USD/CAD 1.2867 AUD/USD 0.7075 USD/JPY 130.84 USD/CNH 6.6492 USD/ILS 3.3333 USD/MXN 20.4900 USD/CHF 0.9758 USD/INR 76.4900 USD/BRL 5.0127 USD/SGD 1.3885 USD/DKK 7.0982 USD/SEK 9.8573 USD/NOK 9.4490
The greenback strengthened against its peers hitting multi-year highs versus the EUR and JPY. The demand for the US dollar remains high as investors focus on interest-rate differentials between the US and other countries alongside global recession risks and the war in Ukraine.GBP
Sterling is trading below 1.25 at levels not seen since July 2020. GBP is under pressure amidst broad USD strength.EUREUR/USD keeps declining trading below 1.05 handle. The greenback hit a 5-year high versus the EUR.CADThe loonie extends losses hitting lows not seen since March as oil prices hover around $100/bbl. Comments from Bank of Canada Governor Tiff Macklem reiterated that the central bank will need to raise rates to slow the overheated economy in the nation.ASIA/PACIFIC
The Japanese yen hit a 20-year low with USD/JPY trading close to the 131 handle. This move comes after a statement from Governor Haruhiko Kuroda that Japan will maintain ultra-easy policy with plans for daily bond purchasing to keep yields in check. The currency fell 1.6% following the comments.
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