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FX Rates
June 23, 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 1.1962 GBP/USD 1.3997 USD/CAD 1.2269 AUD/USD 0.7597 USD/JPY 110.72 USD/CNH 6.4716 USD/ILS 3.2522 USD/MXN 20.2503 USD/CHF 0.9162 USD/INR 74.28 USD/BRL 4.9565 USD/SGD 1.3433 USD/DKK 6.2166 USD/SEK 8.4657 USD/NOK 8.4906
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USD
The dollar is generally lower with commodity currencies gaining the most against the dollar as oil and gold climb. Trading is light as markets continue to assess the Fed’s comments/intentions. This morning’s US PMI data for June was mixed – better-than-expected Manufacturing PMI and worse Services PMI. New Home Sales for May was both weaker than expected and lower than April’s figure.
GBPTomorrow, the Bank of England meets. Expectations are that it will keep its monetary policy and asset purchase program unchanged amid the narrative that any rise in inflation will be transitory. US dollar-related issues are currently driving FX markets more so than any pandemic or Brexit-related issues.EURThe euro is up slightly, in-line with a generally weaker US dollar. Earlier this morning, better-than-expected Purchasing Manager’s Index (PMI) data for Germany and the Eurozone in aggregate was reported for June.
CADThe Canadian dollar is up overnight as oil prices rose above $73 a barrel. This morning’s release of Retail Sales for April showed a significant decline of 5.7% MoM, much worse than expectations and March’s figure. However, the big upward revision in March’s figure led to little movement in the CAD.
ASIA/PACIFICThe Japanese yen fell to its weakest rate in more than a year, primarily in reaction to the Fed’s hawkish tilt last week. Expectations of higher US yields and steady Japanese yields is fueling the stronger USD versus the yen. Traders await tomorrow’s release of Japan’s CPI and jobless rate.
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
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| Source: Bloomberg | |
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