USD rose with Treasury yields - EBC Daily Snapshot
2023-09-22
Summary:
The US dollar rose along with Treasury yields on Friday. Earlier this week the Fed kept interest rates steady and signalled another hike by year-end.
EBC Forex Snapshot
22 Sep 2023
The US dollar rose along with Treasury yields on Friday. Earlier this week the Fed kept interest rates steady and signalled another hike by year-end.
The yen fell on after the BOJ stuck to its ultra-easy policy as expected. Japan's Finance Minister Shunichi Suzuki said on Friday any options on currencies would not be ruled out, the latest in a string of warnings.
Sterling weakened against the dollar rafter data showed retail sales in Britain rose less than expected in August. British retail sales were 0.4% higher than in rain-hit July, compared to a poll of economists by Reuters that forecast a rise of 0.5%.
| Citi (as of 11 Sep) | HSBC (as of 22 Sep) | |||
| support | resistance | support | resistance | |
| EUR/USD | 1.0688 | 1.1091 | 1.0579 | 1.0772 |
| GBP/USD | 1.2448 | 1.2800 | 1.2138 | 1.2546 |
| USD/CHF | 0.8556 | 0.8945 | 0.8890 | 0.9137 |
| AUD/USD | 0.6365 | 0.6522 | 0.6344 | 0.6500 |
| USD/CAD | 1.3387 | 1.3705 | 1.3343 | 1.3659 |
| USD/JPY | 144.54 | 148.85 | 146.16 | 148.72 |
The green numbers in the table indicate an increase in data, the red numbers indicate a decrease in data, and the black numbers indicate that the data remains unchanged.
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The yen was trading around 156 on Monday
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