The Bloomberg dollar index retreats from one-year highs as GBP and CNH outperform. UK data showed strong inflation numbers supporting the pound, while inflation data out of Canada slightly missed expectations. The offshore Chinese yuan continues to strengthen as traders are optimistic with the improving relations between the US and China.
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November 17, 2021
EUR/USD 1.1317 GBP/USD 1.3483 USD/CAD 1.2578 AUD/USD 0.7280 USD/JPY 114.62 USD/CNH 6.3780 USD/ILS 3.0577 USD/MXN 20.6875 USD/CHF 0.8305 USD/INR 74.2700 USD/BRL 5.5000 USD/SGD 1.3573 USD/DKK 6.5705 USD/SEK 8.8600 USD/NOK 8.7325
USDThe US dollar trades mixed against its peers, while the Bloomberg dollar index is trading slightly lower. The greenback was trading at one-year highs during yesterday's session.GBP
Inflation data out of the UK surged to highest level in a decade supporting sterling. GBP/USD is trading 0.2% higher.EUR
Earlier in the trading session, EUR/USD broke below the 1.13 handle hitting 1.1264. One-month implied volatility for the pair rose the most since March 2020.CADUSD/CAD trading higher today following data that signaled Canadian consumer inflation rose less than expected. Despite missing estimates, inflation in Canada rose to highest level since 2003 adding pressure on the country’s central bank to raise interest rates.ASIA/PACIFIC
USD/JPY fell slightly amidst profit-taking as oil prices weakened and treasury yields stabilized. The offshore Chinese yuan continues to strengthen up 0.2% as the market remains optimistic over US-China tensions.
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