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

For other questions contact Client Service:


Find a location

Technical or site issue?

FX Update

Dollar continues strong bias

" | 

A low volume day yesterday due to the U.S. Thanksgiving holiday allowed markets to follow through with trading patterns from earlier in the week. The dollar remains strong, the pound remains in a tight range and the euro moved lower.

“You can tell you ate too much for Thanksgiving when you have to let your bathrobe out.” 

Jay Leno
  • FX Rates
    November 29, 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
    In the absence of macroeconomic drivers the dollar held  strong at its highest levels in over two weeks. Volatilities across G-10 currencies are mostly lower.

    The pound trades comfortably below $1.29 after traders unwound gains from the

    Recent positive electoral news. Markets await direction from results of the December 12th general election.
    The euro swung lower despite German unemployment surprising to the upside. German retail sales were weaker than expected showing a 1.9% m/o/m decline, pushing the euro back below $1.10.
    Canadian GDP came in weaker than expected at 1.3%, slowing from 3.7% in Q2, pushing the loonie lower versus the dollar.

    The dollar versus the yen marched to six-month fresh highs based on broad USD strength.

    Trading was muted as investors continue to monitor U.S.-China trade negotiations.
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
See all of SVB's latest FX information and commentary at

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 You can withdraw your consent at any time.

Kathryn Garvey
Kathryn Garvey

Insights from SVB Industry Experts

SVB experts provide our customers with industry insights, proprietary research and insightful content. Check out these related articles that may be of interest to you.
Dollar up despite weak jobs report
Dollar steady after massive job cuts
Risk aversion returns helping dollar
Dollar gains on quarter-end demand
Dollar gains after 5 days of losses
US dollar on track for worst week since 2009
Now Let's Get Started

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

Connect with Us