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

EUR trades above $1.10 while risk-on sentiment continues to drag on USD

" | 

Optimism continues for a partial trade deal from US-China trade talks. USD and other haven currencies continue to be weighed-down by this sentiment while EUR and GBP are higher this morning. EUR/USD trades at best levels in two weeks, above the 1.10 handle.

“Life starts all over again when it gets crisp in the fall.”
F. Scott Fitzgerald
  • FX Rates
    October 10, 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

    US dollar continues its decline as trade talks between the US and China advance. The market is optimistic that these conversations will result in a partial trade deal including the US potentially rolling out a previously agreed-on currency pact with China.  


    Sterling started slightly higher in today’s trading session, staying above the $1.22 level. The market is modestly optimistic about a meeting today between UK Prime Minster Boris Johnson and Irish counterpart Leo Varadkar that could shape the future Brexit deal.


    EUR rallies for a second day gaining as much as 0.5%, trading to the $1.1020 level. Later today, the ECB will publish its September meeting minutes. A report from the Financial Times states that Mario Draghi ignored internal advice to restart quantitative easing.


    The Canadian dollar strengthened as the market focuses on trade negotiations between the US and China. Higher WTI crude oil (up 0.7% at $52.95/bbl) also supports the loonie.


    The Japanese yen gained earlier in the session. The currency relinquished some of these gains after a report stating that trade talks between the US and China were cut short, was denied. The Chinese official, Liu He, who is leading the high-level trade talks is expected to stay in Washington through Friday.

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.

Cate Camerota
Cate Camerota

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