US dollar snaps three-day winning streak

US dollar snaps three-day winning streak

Global markets shifted towards a more neutral risk sentiment supporting commodity-linked currencies and putting downward pressure on the US dollar. Traders are on the sidelines as they await additional information from the debt crisis of China Evergrande Group and ahead of central bank meetings this week.

“The only way to bring peace to the earth is to learn to make our own life peaceful.” 

 

Gautama Buddha
  • FX Rates
    September 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 greenback reversed its three-day gain as risk-sentiment became more neutral and as traders anticipate further news from China regarding the Evergrande Group debt crisis. Investors remain on the sidelines ahead of the Federal Reserve’s policy decision due on Wednesday.

    GBP

    Sterling reversed a three-day losing streak as investor appetite for global risk increased. Traders will look for clues regarding policy from the Bank of England’s meeting on Thursday.

    EUR

    EUR/USD is trading slightly higher on broad positive risk sentiment and US dollar's reversal. The upcoming election in Germany on September 26 has potential to impact the direction of the EUR/USD.

    CAD

    The Canadian dollar outperformed its G10 peers following the release of Canada's federal election results, which showed that Prime Minister Justin Trudeau’s liberal party won the election. USD/CAD was down as much as 0.6%. A rebound in commodity prices also supported the loonie.  

    ASIA/PACIFIC
    AUD/USD is trading largely unchanged even after the release of minutes from Australia's central bank which stated that the variants of the coronavirus have caused a delay in progress for the country to reach its inflation and job goals.
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Cate Camerota
WRITTEN BY
Cate Camerota

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