FX

British Pound Up 1%, Other Majors Almost Unchanged Today

The UK was excited by the wider reopening of its economy, just in time to plan a wild summer, though hot spots like Mykonos and Ibiza are not on the green travel list and still require a quarantine

Published ET

US Dollar Index Intraday | Source: Refinitiv

US Dollar Index Intraday | Source: Refinitiv


Twitter iconFacebook iconLinkedIn iconemail iconWhatsApp icon

QUICK SUMMARY

  • The US Dollar Index is unchanged at 90.2
  • Euro down 0.2% at 1.2139 (YTD: -0.6%)
  • Yen down 0.2% at 108.78 (YTD: -5.1%)
  • Onshore Yuan up 0.3% at 6.4156 (YTD: +1.7%)
  • Swiss franc up 0.1% at 0.9002 (YTD: -1.7%)
  • Sterling up 1.1% at 1.4128 (YTD: +3.3%)
  • Canadian dollar up 0.3% at 1.2093 (YTD: +5.3%)
  • Australian dollar down 0.0% at 0.7839 (YTD: +1.9%)
  • NZ dollar down 0.1% at 0.7268 (YTD: +1.2%)

MACRO DATA RELEASES

  • Australia, Retail Sales, Change P/P for Q1 2021 (AU Bureau of Stat) at -0.5, below consensus estimate of -0.4
  • Australia, Retail Sales, Total, Final, Change P/P for Mar 2021 (AU Bureau of Stat) at 1.3, below consensus estimate of 1.4
  • Denmark, CPI, All Items, Change Y/Y, Price Index for Apr 2021 (statbank.dk) at 1.5
  • Norway, CPI, All Items, Change P/P, Price Index for Apr 2021 (Statistics Norway) at 0.3, below consensus estimate of 0.5
  • Norway, CPI, All Items, Change Y/Y for Apr 2021 (Statistics Norway) at 3.0, in line with consensus
  • United Kingdom, House Prices, Halifax, UK, Change P/P for Apr 2021 at 1.4
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

RATES SPREADS

  • 5Y German-US interest rates spread 1.1 bp wider
  • 5Y Japan-US rates spread 2.2 bp wider
  • 5Y Chinese-US rates spread 1.6 bp tighter

NOTABLE MOVES IN SOVEREIGN CDS

  • Morocco (rated BB+): up 2.3 basis points to 90 bp (1Y range: 86-155bp)
  • Spain (rated A-): down 0.8 basis points to 34 bp (1Y range: 29-116bp)
  • Philippines (rated BBB): down 0.9 basis points to 44 bp (1Y range: 33-86bp)
  • Indonesia (rated BBB): down 1.5 basis points to 74 bp (1Y range: 66-203bp)
  • Mexico (rated BBB-): down 1.7 basis points to 90 bp (1Y range: 79-242bp)
  • Vietnam (rated BB): down 2.3 basis points to 98 bp (1Y range: 90-259bp)
  • Peru (rated BBB+): down 2.9 basis points to 84 bp (1Y range: 52-106bp)
  • Italy (rated BBB-): down 3.5 basis points to 84 bp (1Y range: 69-233bp)
  • South Africa (rated BB-): down 4.3 basis points to 199 bp (1Y range: 197-407bp)
  • Oman (rated BB-): down 11.6 basis points to 228 bp (1Y range: 240-676bp)
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

VOLATILITIES

  • Deutsche Bank USD Currency Volatility Index currently at 6.43, down -0.03 on the day (YTD: -0.86)
  • Euro 1-Month At-The-Money Implied Volatility currently at 5.90, up 0.2 on the day (YTD: -1.0)
  • Japanese Yen 1M ATM IV currently at 5.53, down 0.0 on the day (YTD: -0.6)
  • Offshore Yuan 1M ATM IV currently at 4.30, up 0.5 on the day (YTD: -1.3)
Sources: ϕpost, Refinitiv data

NOTABLE OTHER MOVERS TODAY

  • Haiti Gourde up 4.1% (YTD: -13.7%)
  • Peru Sol up 2.2% (YTD: -2.9%)
  • Qatari Riyal up 1.8% (YTD: 0.0%)
  • St Helena Pound up 1.8% (YTD: +3.6%)
  • Vanuatu Vatu up 1.8% (YTD: +0.9%)
  • Pacific Franc up 1.5% (YTD: -0.8%)
  • Colombian Peso up 1.2% (YTD: -7.5%)
  • Afghani down 2.4% (YTD: -2.9%)
  • CFA Franc BEAC down 2.9% (YTD: -1.8%)