Skip to Content
SVB
Silicon Valley Bank
SVB Private
SVB Securities
SVB Capital
Region:
  For a better web experience - please upgrade your browser to Google Chrome  
 
Silicon Valley Bank
Products & Services
Business Banking

Complete your banking transactions with ease and security.

  • Business Checking
  • Business Credit Cards
  • Online Tools & Integration
  • Fraud Prevention
  • Lending
Global Business Solutions

Get customized services to help support your global business.

  • Global Banking Services
  • Global Payments
  • Foreign Exchange Risk Services
Liquidity Solutions

Strategize with our financial experts to help you achieve your business goals.

  • SVB Asset Management
  • Deposits & Investments
Global Fund Banking
Leverage SVB's 30+ years experience in banking top funds.
  • PE Fund Banking
  • VC Fund Banking
Our Expertise
Our Business Expertise
  • Business Stages
  • Startup Banking
  • Venture-Funded
  • Corporate Banking
  • Investors
  • Private Equity
  • Venture Capital
  • Emerging Managers
  • Corporate Venture
Industry Expertise

Our bankers have years of real-world experience to provide guidance across a number of industries.

View All Industries
  • Our Sector Knowledge
  • Cleantech and Sustainability
  • Consumer Internet
  • Enterprise Software
  • Fintech
  • Hardware & Frontier Tech
  • Investors
  • Life Science & Healthcare
  • Premium Wine Banking
Trends & Insights
Trends & Insights

SVB research, blogs and webinars to give your business crucial advantages in decision-making.

Reports Global Fund Banking Outlook Report Healthcare Investments and Exits State of the Markets Report State of the Wine Industry Report Family Office Report View All Reports
Perspectives and Insights Foreign Exchange Advisory Business Growth Market Insights Industry Insights Private Bank Startup Insights View All Insights
SVB Webinars

Register for upcoming live webinars and access recorded webinars to learn about the latest trends for your business and industry.

View Webinars
About Us
SVB Facts

For over 35 years, SVB has helped businesses grow and thrive across the innovation economy

Living Our Values

SVB's values guide our actions, from our approach to supporting small businesses to community engagement to our ESG reporting.

Contact Us

Let SVB experts help your business with the right mix of products, services and strategic advice.

Resources
  • Locations
  • Leadership
  • Newsroom
  • Investor Relations
  • Client Support
  • Careers
  • Success Stories
  • Access to Innovation
Investor News: SVB Financial Group Announces 2022 First Quarter Financial Results Learn more  
PPP
Become a client
Login
SELECT A SERVICE FOR LOGIN
SVB Online Services
SVB Online Services Private Bank Private Banking – Legacy SVB Private Banking – Legacy Boston Private Investments SVB Capital Limited Partners SVB Asset Management Reporting U.S. Bank Pivot Credit Cards Cardholders Administrators Private Bank Elite Card
  • Need help? Client Support
  • Not a client? Apply Now
Search SVB
Products & Services Our Expertise Trends & Insights About Us PPP
Become a client
Login
Products & Services
Business Banking
Business Checking Business Credit Cards Online Tools & Integration Fraud Prevention Lending
Global Business Solutions
Global Banking Services Global Payments Foreign Exchange Risk Services
Liquidity Solutions
SVB Asset Management Deposits & Investments
Global Fund Banking
PE Fund Banking VC Fund Banking
Our Expertise
Our Business Expertise
Business Stages Startup Banking Venture-Funded Corporate Banking Investors Private Equity Venture Capital Emerging Managers Corporate Venture
Industry Expertise
Cleantech and Sustainability Consumer Internet Enterprise Software Fintech Hardware & Frontier Tech Investors Life Science & Healthcare Premium Wine Banking
Trends & Insights
Reports
Global Fund Banking Outlook Report Healthcare Investments and Exits State of the Markets Report State of the Wine Industry Report Family Office Report View All Reports
Perspectives and Insights
Foreign Exchange Advisory Business Growth Market Insights Industry Insights Private Bank Startup Insights View All Insights
SVB Webinars

Register for upcoming live webinars and access recorded webinars to learn about the latest trends for your business and industry.

View Webinars
About Us
SVB Facts
Living Our Values
Contact Us
Resources
Locations Leadership Newsroom Investor Relations Client Support Careers Success Stories Access to Innovation
Select a Service for Login
SVB Online Services Private Bank Private Banking – Legacy SVB Private Banking – Legacy Boston Private Investments SVB Capital Limited Partners SVB Asset Management Reporting U.S. Bank Pivot Credit Cards Cardholders Administrators Private Bank Elite Card
Close
  • Select a Region
    • North America
      • US Main
        Canada (EN)
        Canada (FR)
    • Europe and Middle East
      • Israel (EN)
        United Kingdom
        Denmark
        Germany (DE)
        Germany (EN)
    • Asia
      • China (中文)
        China (EN)
Find anything about our product, search our documentation, and more. Enter a query in the search input above, and results will be displayed as you type.
Searching... Loading content
    Searching... Loading content
    People
    • Daily FX Update

    Yesterday’s late US dollar sell-off continues as PPI comes in weaker than expected

    Peter Compton Headshot
    Peter Compton
    • October 14, 2021

    Risk-on sentiment gained throughout yesterday’s trading day causing the dollar to sink. The trend continues this morning as the Producer Price Index for September (+8.6%) showed wholesale prices did not rise as much as expected (+8.7%). Some economists are starting to think of the recent increases in prices as “peak inflation”. Commodity currencies like the Australian and Canadian dollar lead gains.

    “Don’t be afraid of failure. This is the way to succeed.”

    Lebron James
    • FX Rates
      October 14, 2021

      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.

      EUR/USD1.1587
      GBP/USD1.3681
      USD/CAD1.2368
      AUD/USD0.7416
      USD/JPY113.63
      USD/CNH6.4371
      USD/ILS3.2248
      USD/MXN20.6448
      USD/CHF0.9237
      USD/INR75.2588
      USD/BRL5.5177
      USD/SGD1.3491
      USD/DKK6.4219
      USD/SEK8.6429
      USD/NOK8.4655

    • USD
      The dollar index is trading down 0.65% from Tuesday’s highs – US yields moving lower, weighed on USD. Minutes from the Federal Reserve’s September meeting showed that Fed officials broadly agreed that tapering should start mid-November or December meaning bond purchases could cease by mid-2022. Weekly Initial Jobless Claims (293K) were better than expected (320K) indicating last month's weak payroll report may have been more a function of workers quitting existing jobs to find a better one.
      GBP

      The pound traded higher vs the USD during yesterday’s session and that has continued into this morning with the pair breaking through the 1.37 level. The pair is now, as we print, up 0.85% this week. GBP has reached a 2-week high vs. the US dollar some of which is due to profit-taking from FX speculators who had made bets on a stronger US dollar.

      EUR
      EUR/USD rallied yesterday and into this morning with the pair trading over 1.16 as profit-taking and weak USD Treasury yields weigh on the greenback.
       The EU and UK are braced for a new round of negotiations over the trade barriers in Northern Ireland. The EU voiced optimism that the two sides will reach an agreement in the coming weeks. Adjustments to the deal include cutting customs checks and sanitary inspections on goods.
      CAD
      The Canadian dollar is trading at its strongest level since the July 4 holiday. Oil prices continue to move higher as demand is expected to increase. Oil can be seen as a substitute for natural gas - where supplies are constrained.
      ASIA/PACIFIC
      The Chinese renminbi traded at its strongest level in four years vs. a basket of currencies. The People’s Bank of China indicated they were concerned and in turn the RMB weakened overnight. 
      The Australian dollar has gained 2.75% this month vs. the US dollar as commodity prices remain elevated as shortages prevail and longer-term economic growth is expected to be robust.
    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/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.

    Peter Compton
    WRITTEN BY
    Peter Compton
    • View Author Profile
    • Email

    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 steady while risks of correction loom

     
    Joe Brigati
    Read more

    FX markets choppy with all eyes on ECB’s Sintra Forum

     
    Joe Brigati
    Read more

    Higher Treasury prices cannot help dollar

     
    Peter Compton
    Read more

    The dollar gives up early gains

     
    Peter Compton
    Read more

    Recession fears contort financial markets

     
    Peter Compton
    Read more

    Dollar weaker on improved risk sentiment

     
    Peter Compton
    Read more
    • How We Help Clients
    • Trends & Insights
    • About Us
    • Contact & Support
    Subscribe to newsletters
    Sign up now
    United States
    How We Help Clients
    • Starting Up
    • Venture-Funded
    • Corporate Banking
    • Investors
    • Private Banking & Wealth Advisory
    • Industries We Serve
    Trends & Insights
    • SVB Signature Research
    • SVB Perspectives
    • Success Stories
    • Startup Insights
    About Us
    • Careers
    • Living Our Values
    • Newsroom
    • Investor Relations
    • Leadership
    Contact & Support
    • Locations
    • Client Service & Support
    • Vendor Information
    • Contact
    • Fraud Prevention
    • Terms of Use
    • Privacy
    • Cookies
    • Help for Homeowners
    • Corporate Governance
    • Equal Credit Opportunity Act Disclosures
    • FDIC
    • Manage Email Preferences
    • LIBOR Transition
    © 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, and the chevron device are trademarks of SVB Financial Group, used under license.
    You are now leaving Silicon Valley Bank (SVB)
    You will be directed to a different website or mobile app that has its own terms of use, visitor agreement, security and privacy policies. SVB is not responsible for (and does not provide) any products, services or content at the third party site or app, except for products and services that carry the SVB name.
    I understand, let's proceed Stay on SVB.com