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September 21, 2021
EUR/USD 1.1735 GBP/USD 1.3658 USD/CAD 1.2795 AUD/USD 0.7238 USD/JPY 109.27 USD/CNH 6.4825 USD/ILS 3.2050 USD/MXN 20.1185 USD/CHF 0.9234 USD/INR 73.6125 USD/BRL 5.3130 USD/SGD 1.3520 USD/DKK 6.3375 USD/SEK 8.6665 USD/NOK 8.6850
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/PACIFICAUD/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.
For more analysis on FX markets or information regarding SVB's FX services:
See all of SVB's latest FX information and commentary at www.svb.com/trends-insights/foreign-exchange-advisory
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