Equity investors should be pleased with the start to the morning as global equity markets return to the green this morning bouncing from steep slides. Bank of Canada is expected to announce a rate hike later this morning. Markets will be paying close attention to the Fed’s press conference today at 2:30pm Eastern listening closely to comments around future rate hikes, and what the Fed will do to combat inflation. The dollar is mixed overall as commodity and EM currencies outperform.
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FX Rates
January 26, 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 1.1286 GBP/USD 1.3506 USD/CAD 1.2576 AUD/USD 0.7167 USD/JPY 114.25 USD/CNH 6.3268 USD/ILS 3.1781 USD/MXN 20.6011 USD/CHF 0.9197 USD/INR 74.7775 USD/BRL 5.4441 USD/SGD 1.3446 USD/DKK 6.5936 USD/SEK 9.2544 USD/NOK 8.8870
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USD
The dollar is mixed as risk sentiment improves and ahead of today’s Fed meeting. USD remains strong versus haven currencies and weaker vs. commodity driven currencies. Markets will listen closely to the press conference following today’s Fed meeting. While it is unlikely the Fed will announce an immediate change, they are likely to signal for a March rate hike.
GBPGBP/USD rose slightly amid turmoil in an investigation into pandemic rules. PM Johnson has stated he has no intention of resigning.EURThe euro slid 0.2% in speculative turnover. Nearby support is YTD low of 1.1263 with upward resistance 1.1360.CADThe loonie posted a big gain ahead of the Bank of Canada (BoC) announcement this morning. BoC is expected to announce a rate hike this morning. Oil futures rise above $86/bbl. supporting the currency.ASIA/PACIFICUSD/JPY climbs as the dollar continues to be the haven of choice. The pair sits above the 100-DMA and speculative accounts look to sell close to 115.
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| Source: Bloomberg | |
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