Trading sentiment is risk-off as investors move towards safe havens. The markets are concerned about economic growth slowdown and high inflation pushing investors towards the greenback. The US dollar is trading stronger versus its peers.
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FX Rates
July 12, 2022Rates are not real time. Rates are today's indicative mid-market rates as of time of publishing, which may vary. Please contact SVB for a current quote.
EUR/USD 1.0054 GBP/USD 1.1890 USD/CAD 1.3021 AUD/USD 0.6757 USD/JPY 136.61 USD/CNH 6.7263 USD/ILS 3.4739 USD/MXN 20.8487 USD/CHF 0.9818 USD/INR 79.6025 USD/BRL 5.4180 USD/SGD 1.4059 USD/DKK 7.4001 USD/SEK 10.5560 USD/NOK 10.2045
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USD
Concerns around economic growth slowdown and high inflation have traders moving towards safe havens including the US dollar. The greenback is performing against its peers with notable moves against the EUR and GBP.
GBPSterling lags G-10 peers amidst broad US dollar strength. Investors are concerned about the British economy following UK retailers reporting another drop in sales. Economists cite risks for a UK recession within the next 12 months at almost a 50/50 chance.
EUREUR/USD flirts with parity falling as low as 1.004, the lowest since December 2002. The decline in equities has spurred demand for haven currencies including the US dollar.
CADThe Canadian dollar slips against its peers amidst concerns of economic growth and higher inflation. The market is expecting that the Bank of Canada will deliver a 75bps rate hike at Wednesday’s meeting.ASIA/PACIFICThe Japanese yen remained largely unchanged earlier in the session ahead of US inflation data. Treasury Secretary Janet Yellen met with her Japanese counterpart and suggested no willingness to support an intervention in the currency markets to stop the depreciation of the yen versus the US dollar. USD/JPY has since moved slightly lower.
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| Source: Bloomberg | |
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