The lack of progress in the Russia-Ukraine negotiations has muted any recent hopes for peace and investor sentiment has shifted away from perceived risker assets. The greenback has started the trading day on a stronger note with the dollar hitting a new five-year high vs the yen. The loonie strengthened against the dollar again today, for its longest advancement streak since last October.
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FX Rates
March 18, 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 1.1006 GBP/USD 1.3113 USD/CAD 1.263 AUD/USD 0.7368 USD/JPY 119.36 USD/CNH 6.3758 USD/ILS 3.2509 USD/MXN 20.4986 USD/CHF 0.9367 USD/INR 75.8050 USD/BRL 5.0704 USD/SGD 1.3582 USD/DKK 6.7618 USD/SEK 9.4778 USD/NOK 8.7979
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USD
The greenback is ending the week on a stronger note but is still down on the week. The USD is rallying Friday against most of the G10 currencies except the Swiss franc and loonie. The Bloomberg dollar index and the DXY are up on the day 0.3% and 0.39% respectively. President Biden is set to meet with Chinese President Xi today to discuss the Ukrainian conflict.
GBPSterling has stabilized after yesterday’s news that the BOE increased rates 25 basis points. After the initial announcement, rates sharply declined over 0.90%. Since the initial fall, sterling rebounded to trade around $1.31. GBP is falling against its rivals today as global risk appetite retreats.
EUREuropean stocks were down this morning with Eurostoxx down 0.85% on the day. EUR/USD drops 0.77% to 1.1010 amid falling European yields and the ongoing developments in Ukraine.
CADThe loonie advanced for the fourth day in a row against the greenback as oil prices remain about $100 a barrel. Canadian retails sales jumped 3.2% last month, which was stronger than expectations. Initial expectations were for 2.4% growth and since the announcement the loonie has continued to strengthen.ASIA/PACIFICThe BOJ left Japanese rates unchanged and announced that monetary stimulus must continue. BOJ Governor Kuroda said yesterday, “We are not in a position at the moment where inflation is going to reach 2% in a stable manner,” and as such they will continue with stimulus plans. The US dollar climbed 0.71% to 119.30, hitting a multiyear high this morning.
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| Source: Bloomberg | |
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