US dollar trading mixed ahead of Fed meeting

US dollar trading mixed ahead of Fed meeting

There were several economic releases out of the US this morning including retail sales, producer prices, empire manufacturing and industrial production. Retail sales and empire manufacturing missed their forecasts, while producer pricing was higher than expected. Markets will remain focused on decision from the Fed due tomorrow.

“Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.”
Ferris Bueller’s Day Off
  • FX Rates
    June 15, 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 US dollar trades mixed against its peers following several data releases. US retail sales, product price inflation and industrial productions were all released this morning.  


    Sterling is trading lower under pressure following news that outlined a delay in the UK’s full economic reopening.


    EUR/USD is trading modestly higher after hitting a one-month low of 1.2093 on Monday. The currency pair is expecting to remain in a tight trading range as investors focus on the Fed’s policy meeting tomorrow.


    USD/CAD is trading stronger hitting a high of 1.2199. The Canadian dollar weakened to levels not seen since May 13 ahead of US data that would provide the market insight into the economic recovery.  


    Australian dollar is trading lower after June minutes from the RBA were released outlining different options for its QE program which will be announced at the central bank’s July policy meeting.
    USD/JPY remains in a tight trading range of 109.99-110.17.

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Cate Camerota
Cate Camerota

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