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FX Rates
March 16, 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 1.0993 GBP/USD 1.309 USD/CAD 1.2699 AUD/USD 0.7258 USD/JPY 118.27 USD/CNH 6.367 USD/ILS 3.2601 USD/MXN 20.7661 USD/CHF 0.9403 USD/INR 76.2688 USD/BRL 5.1359 USD/SGD 1.3609 USD/DKK 6.7694 USD/SEK 9.4689 USD/NOK 8.8970
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USD
The dollar has retreated further as a 25-basis point hike is all but assured in the FOMC decision today. Investor sentiment has shifted to risk-on continuing to undermine the greenback.
GBPGBP/USD is up 0.38% intraday, as rates near 1.3100. Investors await the news today around the US rate increase, as the BOE is expected to have additional rate increases in tomorrow’s BoE meeting.
EUREUR/USD rates rose 0.40% on the back of rising European equities. The Euro Stoxx 50 index is up 3.60% at time of writing and EUR/USD has climbed to $1.10. Ukrainian and Russian officials are set to have further talks today with the continued hope for a ceasefire.CADThe Canadian dollar gained against the overall weaker US dollar hitting a one week high. Canadian CPI data released this morning showed that inflation rose more than expected in February. After a week or so of weakness, WTI Crude oil prices are higher this morning.ASIA/PACIFICAsian equities rallied as the Hang Seng rose 9% on the day. The jump came on the back of the State Council’s promise to keep its stock market stable. This was the biggest daily gain since the recovery from the global financial crisis.
New Zealand announced that it would open its doors to travelers for the first time in two years on April 14. NZD/USD jumped 0.46% on the day.
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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