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.
August 18, 2021
EUR/USD 1.1712 GBP/USD 1.3761 USD/CAD 1.2619 AUD/USD 0.7243 USD/JPY 109.8300 USD/CNH 6.4833 USD/ILS 3.2324 USD/MXN 20.0105 USD/CHF 109.8300 USD/INR 74.2475 USD/BRL 5.2832 USD/SGD 1.3606 USD/DKK 6.3494 USD/SEK 8.7233 USD/NOK 8.9024
USDThe 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.EUREUR/USD hit a year to date low of 1.1702. This is the lowest level the currency pair has traded to since November.CADCanadian 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/PACIFICThe 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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