No data out of the US today. The market has re-focused back on the coronavirus as cases surge globally. The impact of the Omicron variant has resulted in lower oil prices causing downward pressure on commodity-linked currencies including the Canadian and Australian dollar. The US dollar index is largely unchanged trading mixed against its G10 peers.
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FX Rates
December 17, 2021Rates 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 1.1306 GBP/USD 1.3288 USD/CAD 1.2836 AUD/USD 0.7159 USD/JPY 113.34 USD/CNH 6.3843 USD/ILS 3.1297 USD/MXN 20.7405 USD/CHF 0.9209 USD/INR 76.0850 USD/BRL 5.7045 USD/SGD 1.3648 USD/DKK 6.5777 USD/SEK 9.0959 USD/NOK 9.0017
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USDPresident Biden’s Head of Economic Adviser Council stated that inflation will fade in 2022 as supply constraints ease and Americans return to work. Democratic Senate leaders are still at a standstill over Biden’s $2 tn economic agenda.GBP
UK retail sales surge more than expected following last month’s Black Friday sales. The spread of Omicron variant has damped confidence in the economic outlook and sterling is trading 0.2% lower vs. the US dollar.
EUREUR/USD is largely unchanged trading 0.1% lower. Officials from the European Central Bank warn to remain vigilant of inflation shifts as the central bank's medium-term outlook already forecasts price growth to approach the 2% target.
CADUSD/CAD is trading higher, strengthening for the last seven out of eight weeks. Concern over the Omicron variant put downward pressure on oil prices impacting the Canadian dollar.ASIA/PACIFICThe Japanese yen is trading stronger versus USD following a decision from the Bank of Japan to keep interest rates unchanged and extend the COVID funding program. Australian dollar is trading 0.4% weaker on local coronavirus data.
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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