Good Friday and Easter Monday will see the European markets closed. Equity markets in the US are closed today and the bond market shuts early. Yesterday’s risk-off sentiment in the FX markets subsided as the day progressed. Thursday’s late morning University of Michigan Consumer Sentiment index came in better than expected as did this morning's Empire State Manufacturing survey.
" 'Twas Easter-Sunday. The full-blossomed trees filled all the air with fragrance and with joy."
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FX Rates
April 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 1.0809 GBP/USD 1.3066 USD/CAD 1.2613 AUD/USD 0.74 USD/JPY 126.51 USD/CNH 6.3715 USD/ILS 3.2135 USD/MXN 19.9715 USD/CHF 0.9426 USD/INR 76.1837 USD/BRL 4.7014 USD/SGD 1.3569 USD/DKK 6.8807 USD/SEK 9.5497 USD/NOK 8.7931
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USD
The dollar is flat this morning in very light trading. Overall, the US dollar gained 0.70% on the week mostly on safe-haven buying supported by solid economic data and expectations of larger rate increases by the Fed.
GBPThe British pound remained above 1.30 which is proving to be a key support level. London is closed for Good Friday and will be closed Monday for Easter.
EURThe euro is flat overnight and in morning trading despite European Central Bank members indicating a 50bps rate increase by fall. After initially gaining yesterday, the euro sank to its lowest levels since March 2020 – briefly trading below 1.08. European markets are closed today and Monday.
CADThe Canadian dollar is flat despite the price of oil increasing. Russia announced a reduction in their export duty on oil. With many buyers either facing a ban on Russian oil or shunning purchases, the change in tax is unlikely to impact the price of Brent or WTI.
ASIA/PACIFICChina lowered its reserve ratio for banks by 25bps in an effort to support the overall economy. However, the PBOC left their primary rate unchanged disappointing some investors. The renminbi strengthened somewhat, but remains in a tight trading range.
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/foreign-exchange-advisory
| Source: Bloomberg | |
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