The USD finished off the week on a high note.The Bloomberg dollar spot index and the DXY were up 0.2% and 0.38% respectively. Canada posted record-level jobless data for last month, as the jobless rate fell to the lowest level since the 1970s. Commodity prices hold steady from yesterday.
-
FX Rates
April 8, 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 1.0843 GBP/USD 1.2994 USD/CAD 1.2607 AUD/USD 0.7433 USD/JPY 124.51 USD/CNH 6.3736 USD/ILS 3.2253 USD/MXN 20.1680 USD/CHF 0.9367 USD/INR 75.9050 USD/BRL 4.7653 USD/SGD 1.3643 USD/DKK 6.8598 USD/SEK 9.4887 USD/NOK 8.7793
-
USD
The greenback continues its climb this week as the Bloomberg dollar index reaches its highest level since July 2020. The dollar gained on most of its G10 peers except NOK.
GBPGBP/USD rates slide to 2022 lows as the dollar continues to strengthen. The sterling fell 0.44% intraday and is trading at $1.30.EUREUR/USD rates fell below $1.09 yesterday and are holding in the 1.0850 range. The ECB meeting in April will be paramount for the euro, as investors speculate if the ECB will raise rates supporting the euro.CADUSD/CAD trades around 1.26, as the Canadian jobless rate falls to a record low. The Canadian unemployment rate fell in March to the lowest level since the 1970’s.
ASIA/PACIFICAUD/USD rates have retreated from their YTD highs, and are currently trading near three-week lows. US Treasury yields weigh on both the Japanese yen and commodity prices. The yen is down 0.50% on the day, and the Aussie dollar is down 0.62%.
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
Subscribe to receive the Daily FX Update in your inbox.
By providing your email address and clicking on the Subscribe button below, you consent to receive emails from Silicon Valley Bank for your chosen categories. You also consent to the terms of our Privacy Notice. If you have privacy questions, you may contact us at PrivacyOffice@svb.com. You can withdraw your consent at any time.
Thank you for subscribing to SVB's Daily FX Update.
You're almost done. Please check your email box and follow the instructions to confirm your subscription. If you did not receive an email please check your Spam or Bulk E-Mail folder just in case the confirmation email got delivered there instead of your inbox. If so, select the confirmation message and mark it Not Spam, which should allow future messages to get through. Please add us to your trusted list of senders, contacts or address book.
Please note that we will continue to send you communications that we need to send you (for example, to keep you updated on operational changes to your account, a product or a service) or that we are required to send you by law.
Source: Bloomberg | |
This article is intended for U.S. audiences only. ©2022 SVB Financial Group. All rights reserved. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB). SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. The views expressed in this email are solely those of the author and do not reflect the views of SVB Financial Group, or Silicon Valley Bank, or any of its affiliates. This material, including without limitation the statistical information herein, is provided for informational purposes only. The material is based in part upon information from third-party sources that we believe to be reliable, but which has not been independently verified by us and, as such, we do not represent that the information is accurate or complete. The information should not be viewed as tax, investment, legal or other advice nor is it to be relied on in making an investment or other decisions. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction. Foreign exchange transactions can be highly risky, and losses may occur in short periods of time if there is an adverse movement of exchange rates. Exchange rates can be highly volatile and are impacted by numerous economic, political and social factors, as well as supply and demand and governmental intervention, control and adjustments. Investments in financial instruments carry significant risk, including the possible loss of the principal amount invested. Before entering any foreign exchange transaction, you should obtain advice from your own tax, financial, legal, accounting and other advisors, and only make investment decisions on the basis of your own objectives, experience and resources. |