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.

GBPUSD

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%.

Citibank vs. HSBC Currency Pair Data Comparison
	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.

Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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