The dollar hit a 10-month high - EBC Daily Snapshot

2023-09-27
Summary:

The dollar scaled a 10-month high on Wednesday, pushing the euro and sterling to 6-month lows, while Treasury yields remained near 16-year peaks.

EBC Forex Snapshot


27 Sep 2023


The dollar scaled a 10-month high on Wednesday, pushing the euro and sterling to 6-month lows, while Treasury yields remained near 16-year peaks.


The yen trades around an 11-month low reached on Tuesday. With 150 in sight, Japanese authorities are ramping up their rhetoric against speculative short-sellers.

USDJPY

The Bank of Japan's meeting minutes showed that policymakers agreed on the need to maintain ultra-loose monetary settings but were divided on how soon long-awaited policy normalisation should take place.

Citibank vs. HSBC Currency Pair Data Comparison

Citi (as of 25 Sep) HSBC (as of 27 Sep)

support resistance support resistance
EUR/USD 1.0617 1.0834 1.0493 1.0707
GBP/USD 1.2204 1.2458 1.2015 1.2433
USD/CHF 0.8745 0.9148 0.8976 0.9250
AUD/USD 0.6358 0.6522 0.6334 0.6485
USD/CAD 1.3302 1.3695 1.3364 1.3680
USD/JPY 144.54 148.85 146.90 150.20

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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