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Earnings season takes the spotlight as equities trade mixed and Treasury yields drift. Strong corporate earnings distract investors from concerns regarding lower growth and higher inflation. There has been downward pressure on safe haven assets including the US dollar and Japanese yen while risk sensitive currencies including AUD and NZD advance.
“My favorite color is October.”
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FX Rates
October 20, 2021Rates 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.
EUR/USD 1.1644 GBP/USD 1.3783 USD/CAD 1.2354 AUD/USD 0.7496 USD/JPY 114.28 USD/CNH 6.3937 USD/ILS 3.2121 USD/MXN 20.1887 USD/CHF 0.9209 USD/INR 74.875 USD/BRL 5.5665 USD/SGD 1.3437 USD/DKK 6.3901 USD/SEK 8.6083 USD/NOK 8.3817
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USDThe Bloomberg dollar index has remained largely unchanged after drifting 0.3% lower yesterday. The 10-year US yield curve has also remained flat.GBPSterling is trading 0.2% lower following inflation data release which showed the country underperformed expectations. UK Consumer prices increased 3.1% versus forecast of 3.2%.EUR
EUR/USD maintains a narrow range trading within 1.1617-1.1652. One of the most hawkish policy makers in the ECB, Bundesbank President Jens Weidmann, announced his resignation today after more than 10 years in the role.
CADThe Canadian dollar hit session highs following release of inflation data which exceeded expectations. This data comes ahead of next week’s Bank of Canada meeting. The Canadian dollar advanced 0.2% on the news.
ASIA/PACIFICThe Japanese yen hits weakest level since 2017 as Australian and New Zealand dollars strengthen the most out of the G-10 currency pairs. In China, the central bank kept its benchmark rate unchanged causing the currency to reverse its three-day gain.
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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| Source: Bloomberg | |
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