Stronger Dollar On The Back Of Excellent Macro Data

Interest rates spreads with major currencies broadly stable, but dollar shows strength this week

Published May 1, 2021 2:05 AM ET

Sources: ϕpost, Refinitiv data

DAILY PERFORMANCE OF MAJOR CURRENCIES

The US Dollar Index is up 0.7% at 91.3
Euro down 0.8% at 1.2018 (YTD: -1.6%)
Yen down 0.3% at 109.27 (YTD: -5.5%)
Onshore Yuan unchanged at 6.4730 (YTD: +0.8%)
Swiss franc down 0.5% at 0.9133 (YTD: -3.1%)
Sterling down 0.9% at 1.3814 (YTD: +1.0%)
Canadian dollar unchanged at 1.2280 (YTD: +3.7%)
Australian dollar down 0.6% at 0.7716 (YTD: +0.3%)
NZ dollar down 1.2% at 0.7160 (YTD: -0.3%)

INTEREST RATES SPREADS

NOTABLE MOVES IN SOVEREIGN CDS

Argentina (rated CCC): up 15.0 basis points to 1,863 bp (1Y range: 1,049-25,067bp)
Colombia (rated BBB-): up 2.1 basis points to 125 bp (1Y range: 83-241bp)
Russia (rated BBB): up 1.9 basis points to 98 bp (1Y range: 72-170bp)
Peru (rated BBB+): down 3.3 basis points to 90 bp (1Y range: 52-106bp)

VOLATILITIES

Deutsche Bank USD Currency Volatility Index currently at 6.16, down -0.02 on the day (YTD: -1.13)
Euro 1-Month At-The-Money Implied Volatility currently at 5.25, up 0.1 on the day (YTD: -1.7)
Japanese Yen 1M ATM IV currently at 5.33, down -0.3 on the day (YTD: -0.8)
Offshore Yuan 1M ATM IV currently at 3.65, unchanged (YTD: -2.0)

NOTABLE MOVERS TODAY

Malawi Kwacha up 1.6% (YTD: -1.6%)
Tunisian Dinar down 0.5% (YTD: -1.7%)
Lesotho Loti down 0.5% (YTD: +2.1%)
Swaziland Lilageni down 0.5% (YTD: +2.1%)
Korean Won down 0.6% (YTD: -2.5%)
South Africa Rand down 0.6% (YTD: +2.1%)
Namibian Dollar down 0.6% (YTD: +2.1%) Iceland Krona down 0.7% (YTD: +3.3%)
Papua New Guinea down 0.9% (YTD: 0.0%)
CFA Franc BEAC down 3.8% (YTD: -1.5%)

YTD BIGGEST WINNERS..

.. AND LOSERS