The dollar briefly touched 150 - EBC Daily Snapshot

2023-10-20
Summary:

On Friday, the dollar briefly hit 150 against the yen as 10-year Treasury yields passed 5%. Powell hints at more rate hikes.

EBC Forex Snapshot


20 Oct 2023


The dollar briefly touched the closely watched 150 level against the yen on Friday after the 10-year Treasury yields crossed 5%. Powell still left door open to more rate hikes as expected.


speculators have almost doubled their bullish dollar positions against other G10 currencies month to the most in a year though money markets expect another pause at the Fed’s next meeting.

USDCHF

Sterling fell to two-week lows following a tumble in the GfK consumer confidence index while Swiss franc headed for its largest weekly gain in three months due to safe-haven demand.

Citibank vs. HSBC Currency Pair Data Comparison

Citi (as of 9 Oct) HSBC (as of 19 Oct)

support resistance support resistance
EUR/USD 1.0443 1.0834 1.0442 1.0634
GBP/USD 1.2011 1.2308 1.2004 1.2306
USD/CHF 0.8745 0.9338 0.8880 0.9171
AUD/USD 0.6272 0.6522 0.6246 0.6464
USD/CAD 1.3417 1.3805 1.3492 1.3862
USD/JPY 146.00 150.16 148.14 150.93

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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