US dollar retreats alongside haven assets

US dollar retreats alongside haven assets

The Bloomberg dollar index is marginally lower after weakening as much as 0.2%. Traders await the Federal Reserve minutes that will be released later today. Haven currencies have reversed the trend from earlier this week while the US treasury yield curve steepens.

“You don’t always need a plan. Sometimes you just need to breathe, trust, let go and see what happens.”
Mandy Hale
  • FX Rates
    August 18, 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 Bloomberg stock index remains largely unchanged, declining slightly 0.1%. US 10-year yields remain around 1.26%.
    GBP

    Sterling hit a session high of 1.3769 following data out of the country signaling that inflation rates slowed.

    EUR
    EUR/USD hit a year to date low of 1.1702. This is the lowest level the currency pair has traded to since November.
    CAD
    Canadian inflation soared to 3.7%, its highest reading in almost two decades. USD/CAD retreated from earlier session highs following the release of the data.
    ASIA/PACIFIC
    The New Zealand kiwi led the G-10 group’s losses following the country’s central bank decision to hold rates. The Reserve Bank of New Zealand stated that the decision was made based on the recent nationwide lockdowns.
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Cate Camerota
WRITTEN BY
Cate Camerota

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