US dollar reversed two-day decline following broader risk sentiment

US dollar reversed two-day decline following broader risk sentiment

Recent repricing of inflation expectations and central-bank policy outlook resulted in a shift in risk sentiment boosting the US dollar. The greenback advanced against all G-10 currencies aside from the Japanese yen. The New Zealand dollar was the worst performer amongst G-10 currencies.

“Life gives you plenty of time to do whatever you want to do if you stay in the present moment.”

Deepak Chopra
  • FX Rates
    October 21, 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 dollar index rose as much as 0.2% snapping two days of losses. Today, the Fed’s Waller and Williams will speak.

    GBP
    Sterling is slightly lower versus the dollar. Data out of the UK showed that government borrowing came in materially lower than forecasts, this will be a factor ahead of the government’s budget decision next week.
    EUR
    The EUR/USD remains largely unchanged hovering around the 1.1644 level. If the EUR remains on track, it is headed towards its longest winning streak since July 2020.
    CAD
    Earlier in the trading session USD/CAD broke below the 1.23 handle hitting a low of 1.2288. The currency pair gained on broad USD dollar strength and risk sentiment.
    ASIA/PACIFIC
    The Japanese yen is on track for a second session of gains as a sell-off in Japanese equities results in a flight to quality trade. The Australian and New Zealand dollar weakened on broad risk sentiment.
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Cate Camerota
WRITTEN BY
Cate Camerota

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