Economic Calendar:
Tuesday: ZEW Survey Expectations, UK Jobless Claim, US PPI for February
Wednesday: FOMC Rate Decision, Canadian YOY CPI, US Retail Sales for February
Thursday: US Initial Jobless Claim, US Housing Starts and Industrial Production for February, Bank of England Rate Decision
Friday: US Existing Home Sales for February, Japanese Tertiary Industry Index MOM
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FX Rates
March 14, 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 1.0944 GBP/USD 1.3051 USD/CAD 1.2756 AUD/USD 0.7237 USD/JPY 117.98 USD/CNH 6.3796 USD/ILS 3.2757 USD/MXN 20.8677 USD/CHF 0.9354 USD/INR 76.5675 USD/BRL 5.0617 USD/SGD 1.3643 USD/DKK 6.7988 USD/SEK 9.6251 USD/NOK 9.0075
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USDThe US FOMC is expected to raise interest rates this week for the first time since March of 2020. The US benchmark 10-year US Treasury bond yield rose 15% last week. The greenback is trading mixed against its peers, but with little change from the end of last week. The DXY is down 0.25% since Friday’s close.GBP
GBP/USD started the week with a small rally as rates move into the 1.3060’s. The BOE is expected to have another rate increase later this week, which will be the third-rate hike since December 15.
EUREUR/USD rates had a slight rally since the end of last week. The uptick in rates is due to continued diplomatic efforts and hopes of de-escalation in Ukrainian. German treasury yields increased 10 basis points up to 0.35%, their highest treasury rates since June 2018.CADThe loonie was slightly weaker against the USD as oil dropped to its lowest prices in the past two weeks. WTI crude futures fell as much as 6.3%, the lowest since March 1.ASIA/PACIFICAfter rallying earlier this month on news of interest rate increases, AUD/USD rates continue last week’s slide falling to 0.7250.
USD/JPY rates climbed through 118.00 for the first time since 2017. The continued risk-on sentiment is leading to FX traders selling the safe haven yen.
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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