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Yesterday’s CPI data out of the US continues to support the greenback as the currency strengthened against all but one of its G10 peers. Traders are now expecting that the US central bank will hike rates more quickly than previously anticipated.
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FX Rates
July 14, 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 1.0002 GBP/USD 1.1801 USD/CAD 1.3183 AUD/USD 0.6701 USD/JPY 139.03 USD/CNH 6.7627 USD/ILS 3.4922 USD/MXN 20.9398 USD/CHF 0.9851 USD/INR 79.8788 USD/BRL 5.4634 USD/SGD 1.4067 USD/DKK 7.4386 USD/SEK 10.6014 USD/NOK 10.2557
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USD
The greenback strengthens versus all of its G10 peers except for one following a data release that showed inflation increased more than expected. Investors are expecting the Federal Reserve to hike rates at a faster pace given this data release.
GBPSterling weakens on broad US dollar strength. Another driver for the currency is the ongoing Conservative Party leadership contest. GBPUSD is down 0.4% trading around 1.1830.
EUREURUSD fell 0.5% as Italian bonds decline. Next level of support for the currency pair is at YTD low of 0.9998.
CADUSDCAD is trading 1.3% higher as WTI falls 2.2%. The Canadian dollar weakened amidst broad USD strength following inflation data out of the US.ASIA/PACIFICThe Japanese yen slipped to a fresh 24-year low amidst broad USD strength. The Jobless rate out of Australia dropped and pushed the currency higher.
For more analysis on FX markets or information regarding SVB's FX services:
See all of SVB's latest FX information and commentary at www.svb.com/foreign-exchange-advisory
| Source: Bloomberg | |
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