USD Rally Continues

The US dollar gained against all its peers except for the Swiss franc and Japanese yen. The greenback has strengthened for the 5th consecutive day while commodity linked currencies decline led by the Canadian dollar. Sterling fell to the lowest level against the US dollar in a month following data out of the UK signaling challenges for the economic recovery.

“Done is better than perfect.”
Sheryl Sandberg
  • FX Rates
    August 20, 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 US dollar continues to strengthen against its peers and is set to finish its best week in almost two months. US treasuries are trading higher.

    GBP
    UK retail sales fell unexpectedly signaling a slowdown in the economic recovery. This data along with inflation numbers earlier this week ease pressure on the Bank of England to taper its stimulus program.
    EUR

    EUR/USD remains within a tight range of 1.1664-1.1689. Downward pressure on the currency pair continues on broad US dollar strength.

    CAD

    USD/CAD continues to march higher breaking the 1.29 level. The currency pair has soared 3% this week, the biggest weekly gain since March.

    ASIA/PACIFIC
    The New Zealand dollar rebounded after the country announced that the lockdown would be extended by only four days. A statement from New Zealand’s central bank Governor Adrian Orr gave clear signals that the bank is planning to increase its cash rate at the next meeting even if there are still covid cases in the nation.
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