The US dollar is trading higher against commodity currencies and weaker against the EUR and GBP. The EUR broke through the 1.13 level while GBP traded higher following positive economic data out of the nation. The Canadian dollar hit its weakest levels against the US dollar year-to-date.
December 14, 2021
EUR/USD 1.1301 GBP/USD 1.3238 USD/CAD 1.2826 AUD/USD 0.7121 USD/JPY 113.69 USD/CNH 6.3717 USD/ILS 3.1253 USD/MXN 21.0482 USD/CHF 0.9211 USD/INR 75.8687 USD/BRL 5.6398 USD/SGD 1.3688 USD/DKK 6.5814 USD/SEK 9.1140 USD/NOK 9.0796
The US dollar trades mixed as investors await a decision from the Federal Reserve due out on Wednesday. US equities are also holding higher ahead of the central bank’s final meeting this year.GBP
Sterling is trading higher vs. the US dollar following strong UK employment data and reduced speculation that the spread of the Omicron variant will result in a lockdown. GBP/USD is up 0.3%.EUREUR/USD broke through 1.13 as traders await the ECB’s decision at its meeting later this week. European share prices and short-covering have helped pushed the EUR higher.CAD
The Canadian dollar is approaching its weakest level of the year after declining 0.7% on Monday. WTI future prices are trading largely unchanged after strengthening as much as 1%.ASIA/PACIFICUSD/JPY remains largely unchanged trading slightly higher. The Australian dollar weakened as the market prices in worsening virus data in the nation.
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