Currency moves muted ahead of holiday.

Currency moves muted ahead of holiday.

In light trading, commodity-linked currencies are trading stronger as risk appetite supports optimism of a global recovery. US jobless claims unexpectedly rose last week. Australian and Hong Kong markets are closed for Good Friday. In the US, the stock markets are closed, and the bond and FX markets are open. 

 

"April hath put a spirit of youth in everything."
William Shakespeare
  • FX Rates
    April 2, 2021

    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
    US released data showing the Change in Nonfarm Payrolls was 916k vs. 660k expected, the US dollar remains largely unchanged.
    GBP

    Sterling remains largely unchanged after finishing its best quarter versus the euro since 2015. The UK pound was supported by the successful vaccine rollout in Britain.

    EUR
    EUR/USD extends losses hitting fresh lows for the day of 1.1749. The common currency remains under pressure over EU Covid-related lockdowns.
    CAD

    USD/CAD trading slightly higher following weak jobs data out of the US. Risk appetite associated with hope for global recovery and trading ahead of the holiday weekend has muted the move higher.

    ASIA/PACIFIC

    USD/JPY remains largely unchanged, and is on track for a gain of around 0.8% for the week. Both the New Zealand Dollar and Australian dollar are trading higher on optimism of a global recovery.

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Cate Camerota
WRITTEN BY
Cate Camerota

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