Get started with SVB

Are you an innovation company or investor seeking banking services to help you move bold ideas forward, fast?

Let's get started

Existing SVB clients

Get quick answers from our support page.

For help with commercial cards

For other questions contact Client Service:


Find a location

Technical or site issue?

FX Update

Investors pause to mull over US-China trade truce, US dollar edges lower and stocks are mixed

Investors are pausing to mull over recent US-China and US-North Korea actions. Global stock markets were mixed overnight and bond yields edged lower. The US dollar was off, but only slightly. A stronger Australian dollar and Japanese yen were the biggest movers.

“If you can’t explain it to a six year old, you don’t understand it yourself.”
Albert Einstein
  • FX Rates
    July 2, 2019

    Rates 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.

  • USD

    The dollar moved little overnight as traders pause to analyze recent US-China and US-North Korea actions. US-Iran is on the back-burner, even after a UN Watchdog group confirmed that Iran breached its stockpile limit under the 2015 nuclear deal.
    US auto sales for June released today may be the weakest H1 figure in six years.


    Little change was seen in the UK pound. Top candidates for UK Prime Minister, Boris Johnson and Jeremy Hunt, both promised to remove the controversial Irish backstop to make sure no new borders will be erected between Northern Ireland and Britain as a result of Brexit.


    The euro moved slightly higher to around $1.13, and is characterized by subdued trading activity. Investors are watching the on-going problems of the European Union in choosing new leaders for the EU Commission and the ECB. The catch is that the EU is required to divide its top jobs along geographical lines. Separately, Italy reported that they will experience an improved budget, forecasting less spending and higher revenues.


    The Canadian dollar moved off recent lows as traders await release of Canadian manufacturing data. Oil prices moved lower as OPEC ministers and Russia discuss bringing oil inventories down.


    The Reserve Bank of Australia cut rates by 25 bps to 1.25%, but the AUD actually strengthened and is currently trading near $0.70. Its policy statement was perceived as less dovish than expected, suggesting a pause in cutting rates further.
    The Chinese yuan retreated from recent strength as investors pause to analyze the US-China trade truce.

Contact Us

For more analysis on FX markets or information regarding SVB's FX services:

Contact your respective SVB FX Advisor or the SVB FX Advisory Team at
See all of SVB's latest FX information and commentary at

Subscribe to receive the Daily FX Update in your inbox.

By providing your email address and clicking on the Subscribe button below, you consent to receive emails from Silicon Valley Bank for your chosen categories. You also consent to the terms of our Privacy Policy. If you have privacy questions, you may contact us at You can withdraw your consent at any time.

Now Let's Get Started

See how SVB makes next happen now for entrepreneurs like you.

Connect with Us