.png){kind=logo}
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.
-
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
-
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.
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/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. |
