.png){kind=logo}
The US dollar is trading stronger than its peers, with AUD and NZD at the bottom of the list. President Biden is in Brussels for a number of NATO, G-7, and EU meetings. Europe and the US are working on a deal to cut demand for Russian energy. The Japanese yen continues to weaken against US dollar despite comments from the BOJ’s Kataoka for a need to watch upside inflation risks.
“Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.”
-
FX Rates
March 24, 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 1.0978 GBP/USD 1.3182 USD/CAD 1.2558 AUD/USD 0.7494 USD/JPY 121.89 USD/CNH 6.3846 USD/ILS 3.2285 USD/MXN 20.1805 USD/CHF 0.9312 USD/INR 76.3750 USD/BRL 4.8160 USD/SGD 1.3582 USD/DKK 6.7768 USD/SEK 9.4242 USD/NOK 8.6665
-
USDThe Bloomberg dollar index rose alongside Treasury yields. President Biden is in Brussels today meeting with NATO, the G-7 and European Union.GBPSterling remains largely unchanged versus the US dollar. UK data showed that PMI was higher than forecasted.EUREUR/USD holds below the 1.10 handle, trading 0.2% lower. Data out of Germany and France showed that business activity was supported by the service industry following the loosening of COVID restrictions. The economic activity in both regions is uncertain given the impact of the Ukraine war on manufacturers.CADOil prices popped earlier in the session before WTI futures returned to $114/bbl. USD/CAD is trading slightly higher.ASIA/PACIFIC
The Australian and New Zealand dollars are the worst performing G-10 currencies today amidst a strong US dollar. USD/JPY trading up towards psychological resistance level 122, breaching a 20-year descending trendline.
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. |
