Get started with SVB

Are you an innovation company or investor seeking banking services to help you move bold ideas forward, fast?

Let's get started

Existing SVB clients

Get quick answers from our support page.

For help with commercial cards
1.866.553.3481
cardservices@svb.com

For other questions contact Client Service:

1.800.774.7390
clientservice@svb.com

Find a location

Technical or site issue?

Dollar lower as foreign equities climb

Foreign equities climbed in-line with US equities as the risk-on mood continues into year-end. The dollar is lower across the board, particularly against the euro and UK pound. China saw a pick-up in industrial profits. In Europe, a gauge of confidence in investment-grade debt hit its highest level since 2007.

“It’s not about your presents but it is about your presence. Therein lies the spirit of the holiday season.”
Julieanne O’Connor, award-winning author, actor, life strategist
  • FX Rates
    December 27, 2019

    Rates 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.


  • USD

    The dollar declined across the board, as the risk-on mood continues to benefit foreign currencies. The dollar is not benefiting from news of Alaska’s Republican senator signaling uncertainty and four other Republicans seen as possible votes to impeach. Trump’s re-election is taken as bullish news for the financial markets, his impeachment as bearish news.

    GBP

    A rise in the UK pound is helped by new European Commission President Ursula von der Leyen saying that the EU may need to extend the 2020 year-end deadline to conclude talks about a new trade relationship with the UK.

    EUR

    The euro gained in thin liquidity markets as large speculators covered short positions. Economic data and geopolitical announcements were light as we head into year-end.

    CAD

    The Canadian dollar rallied to its highest level since October amid overall weakness in the US dollar. Canadian 2-year yields continue to exceed US yields. Oil prices edged higher.

    ASIA/PACIFIC

    The Chinese yuan and Japanese yen held steady. The month-long positive trend for Asian emerging market currencies remains intact.

Contact Us

For more analysis on FX markets or information regarding SVB's FX services:

Contact your respective SVB FX Advisor or the SVB FX Advisory Team at fxadvisors@svb.com.
See all of SVB's latest FX information and commentary at www.svb.com/foreign-exchange

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 Policy. If you have privacy questions, you may contact us at privacy@svb.com. You can withdraw your consent at any time.

About the Author

Scott Petruska is Chief Currency Strategist and senior advisor for Silicon Valley Bank’s global financial services group, and is based in Boston, MA. He advises clients on currency and interest rate hedging strategies, and helps them with other aspects of global banking. He regularly writes blogs on topics covering the global financial markets, conducts client seminars and webinars, and speaks at regional financial conferences.

Petruska has more than 30 years experience in the currency and interest rate markets, and has lived and worked in Boston, Chicago, New York City, Singapore and Tokyo. Prior to joining SVB in 2009, he worked at several large international financial institutions, including National Westminster Bank, Irving Trust, Bank of New York, State Street Bank and Commerce Bank. He has been an institutional trader, product developer, analyst, salesperson and advisor.

Petruska has been awarded several professional designations, including the CFA (Chartered Financial Analyst), FRM (Financial Risk Manager) and CMT (Certified Market Technician). He earned his undergraduate degree in Finance & Banking from the University of Wisconsin.

Follow Author on Twitter | LinkedIn

Now Let's Get Started
 

See how SVB makes next happen now for entrepreneurs like you.

Connect with Us