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.

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  • 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%.

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

    EUR/USD hit a year to date low of 1.1702. This is the lowest level the currency pair has traded to since November.
    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.
    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
Cate Camerota

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