Trans-Atlantic Exchange Rate Report for Sep. 12th – 18th

By: Matthew Natof, The Quinnipiac University Global Economics Research Team

Trans-Atlantic Currencies Index

 Source: Yahoo and own calculations. Exchange rates are inverted to be USD per local currency (i.e., an increase indicates a stronger domestic currency) and then indexed to be 100 at the start of the period.

From Sep. 12th – 18th, the Trans-Atlantic currencies all finished strongly higher. The Canadian dollar (CAD) led the way, closing at 1.25%. The Swiss franc (CHF) finished just behind at 1.27%. The pound (GBP) came in third at 1.22%. The euro (EUR) also finished higher, closing at 1.15%.

Trans-Atlantic Historical Trends

Source: Eurostat and own calculations. Exchange rates are inverted to be USD per local currency (i.e., an increase indicates a stronger domestic currency. The center line is a rolling three-month average. The upper and lower boundaries are the average plus and average minus one standard deviation, respectively, for the same three-month period.

From Sep. 12th – 18th, the Trans-Atlantic currencies pulled back after a recent rally. The Canadian dollar (CAD) fell from its upper bound, finishing between its three-month average and upper bound. The Swiss franc (CHF) dropped sharply, falling below its lower bound. The euro (EUR) also pulled back from its upper bound, finishing between its three-month average and upper bound. The British pound (GBP) settled between its lower bound and three-month average.

Additional Reading:

USD to Grind Lower amid ‘A Couple More’ Fed Cuts in H1 2026

The article, published on September 18^th, explains that the dollar weakened after the Fed’s September rate decision, with analysts expecting two more cuts in the first half of 2026. The article notes that while markets sent the dollar lower on the announcement, Fed Chair Warsh’s less dovish tone during the press conference helped the dollar recover some ground, keeping the week’s currency moves in check.