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.

    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.
    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.
    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.
    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.
Contact Us

For more analysis on FX markets or information regarding SVB's FX services:

Contact your respective SVB FX Advisor or the SVB FX Advisory Team at
See all of SVB's latest FX information and commentary at

Subscribe to receive the Daily FX Update in your inbox.

By providing your email address and clicking on the Subscribe button below, you consent to receive emails from Silicon Valley Bank for your chosen categories. You also consent to the terms of our Privacy Notice. If you have privacy questions, you may contact us at You can withdraw your consent at any time.

Cate Camerota
Cate Camerota

Insights from SVB Industry Experts

SVB experts provide our customers with industry insights, proprietary research and insightful content. Check out these related articles that may be of interest to you.

Markets sell off amid variant concerns


Daily FX Update: Dollar at sixteen-month highs ahead of Thanksgiving holiday


Daily FX Update: Dollar stronger and Treasury yields rise


Daily FX Update: Dollar climbs broadly following Powell nomination


Daily FX Update: Risk-off trading on renewed concerned of lockdowns


Daily FX Update: The greenback trades mixed after steady US jobless claims