US dollar weaker across the board

US dollar weaker across the board

The greenback is trading lower against its peers as a key index of commodities hit highest levels since June 2018. Copper is also trading to levels not seen since 2011. Positive data out of the UK and Eurozone has supported both currencies.

“This is a wonderful day. I’ve never seen this one before.”
Maya Angelou
  • FX Rates
    April 23, 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 dollar is on track to close lower for a third consecutive week. The Bloomberg dollar index is lower by 0.3% trending near January 7 low.
    UK data showed that the economic activity in the nation accelerated at the fastest pace in 7 years this month. Sterling is trading 0.3% higher than USD on the news.

    Data out of the Eurozone signaled that European service PMIs exceeded expectations. EURUSD is up 0.4%, eyeing the weekly high of 1.2080.

    USDCAD holds below the 1.25 handle following comments earlier in the week from the Bank of Canada. The loonie is on track for a third straight weekly gain amid broad USD weakness and stronger commodities.

    USDJPY is trading lower following comments from the country’s Prime Minister regarding the spread of the virus and the upcoming Olympic games. The currency pair is down 0.4% hitting a low of 107.48.

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.

US dollar reversed two-day decline following broader risk sentiment


Daily FX Update: USD remains under pressure as markets maintain risk appetite


Daily FX Update: Risk-on trading supports commodity-linked currencies


Daily FX Update: Inflation concerns push the USD higher


Dollar gains vs. other safe havens


Dollar trades at lowest in 2 weeks