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FX Rates
March 15, 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 1.0986 GBP/USD 1.3075 USD/CAD 1.2823 AUD/USD 0.721 USD/JPY 118 USD/CNH 6.4066 USD/ILS 3.2829 USD/MXN 20.8761 USD/CHF 0.9397 USD/INR 76.6113 USD/BRL 5.1432 USD/SGD 1.3650 USD/DKK 6.7734 USD/SEK 9.5883 USD/NOK 8.9677
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USD
The greenback is trading lower than its peers ahead of the Fed’s policy meeting tomorrow. The DXY is down 0.35% on the day, as US equity futures are trading mixed.
GBPBOE announcement this Thursday is expected to result in another 25bps rate increase, with a chance of a 50bps rate hike. GBP/USD rates have started the trading day stronger on the backs of higher UK jobs data showing pre-pandemic levels of employment.EURThe euro continued is rally from last week as rates climbed to nearly $1.10 this this morning. Investors factor in possibility of a ceasefire as Eastern European leaders visit Kyiv.CADThe loonie was the only G-10 currency that weakened for the second day this week against the dollar. Oil prices continued to hit to new lows for the month with WTI crude futures down to $94.30 a barrel.ASIA/PACIFICAUD/USD rates continued to fall to two-week lows with rates near the 0.7200 mark. Reports from China on rising cases of the Covid-19 virus and a sell-off in Chinese equities has pressured the Aussie dollar.
The Japanese yen lost against the dollar this week as the market has already priced in at least a 25-basis point increase for US rates. Japanese investors are large purchasers or US Treasury securities. Higher interest rates in the US tend to lift the dollar relative to the yen.
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/trends-insights/foreign-exchange-advisory
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| Source: Bloomberg | |
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