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FX Rates
May 3, 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 1.0561 GBP/USD 1.2550 USD/CAD 1.2856 AUD/USD 0.7109 USD/JPY 129.79 USD/CNH 6.6661 USD/ILS 3.3662 USD/MXN 20.3700 USD/CHF 0.9738 USD/INR 76.6588 USD/BRL 5.0351 USD/SGD 1.3829 USD/DKK 7.0446 USD/SEK 9.8430 USD/NOK 9.4045
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USDThe dollar is lower versus most G-10 peers easing in lighter trading ahead of tomorrow’s Fed policy announcement. The Fed begins its two-day meeting today and markets expect a 50bp rate increase to be announced tomorrow.GBP
Sterling climbed 0.2% to the dollar on higher gilt yields ahead of the Bank of England meeting Thursday.
EUREuro rose slightly after bouncing off low level support of 1.05 ahead of US Fed decision this week. ECB VP Luis de Guindos said over the weekend that the ECB governing council has not discussed a path for rates yet. ECB President Christine Lagarde is expected to speak later today.
CADThe Canadian dollar strengthened 0.2% versus the dollar for the first session in three. WTI futures were down nearly one percent in early trading.
ASIA/PACIFICAussie gained significantly after the central bank raises rates and signaled they will continue to raise rates to help control inflation.
USD/JPY dropped slightly and just barely holds on to the 130 handle. Golden Week holidays continue, and nearby support is 129.32.
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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