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.
April 23, 2021
EUR/USD 1.2065 GBP/USD 1.3871 USD/CAD 1.2498 AUD/USD 0.7733 USD/JPY 107.6300 USD/CNH 6.4885 USD/ILS 3.2533 USD/MXN 19.8375 USD/CHF 0.9152 USD/INR 75.0175 USD/BRL 5.4554 USD/SGD 1.3273 USD/DKK 6.1636 USD/SEK 8.4060 USD/NOK 8.3248
USDThe 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.GBPUK 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.EUR
Data out of the Eurozone signaled that European service PMIs exceeded expectations. EURUSD is up 0.4%, eyeing the weekly high of 1.2080.CADUSDCAD 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.ASIA/PACIFIC
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.
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