US dollar mixed following global central bank decisions

The Bank of Canada decided to lower its asset purchases by a quarter and moved a potential rate hike into next year vs. the previous expectation for 2023. The European Central Bank met earlier today and announced that it will keep its stimulus tools unchanged. The US dollar is trading mixed against its peers and largely unchanged.

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  • FX Rates
    April 22, 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 is trading mixed against its peers following news from European and Canadian central banks. The market will be focused on commentary out of the US central bank next week.
    GBP
    Ahead of the European Central Bank decision, sterling rose against the USD. The currency pair has since reversed direction trading lower and bouncing off daily low of 1.3859.
    EUR
    The European Central Bank announced that it would keep its stimulus tools unchanged in an effort to support a rebound in the economy later this year. The deposit rate was left unchanged at -0.5% as expected by the market. EUR/USD was largely unchanged prior to the announcement trading slightly higher as of this writing.
    CAD
    The Canadian dollar surged the most in 10 months following Bank of Canada's announcement that the central bank will lower asset purchases by a quarter and indicated that a rate hike could come as early as next year.  CAD strengthened as much as 1.2% yesterday but has since reversed gains with USD/CAD trading slightly higher on broad USD strength.
    ASIA/PACIFIC
    USD/JPY trades largely unchanged as the demand for haven assets grow on continued concern for the coronavirus. Earlier in the session, USD/JPY fell as much as 0.2% hitting a low of 107.82.
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Cate Camerota
WRITTEN BY
Cate Camerota

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