.png){kind=logo}
US dollar index advances to highest level in one-week
The US dollar continues to drive FX markets as its move higher has caused all but one of its G10 peers to weaken. US 10-year Treasury yields hit a one-year high and US PPI Retail Sales data was released higher than expected supporting the US currency. Cold temperatures in the US continue to impact oil prices supporting a higher price per barrel.
-
FX Rates
February 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 1.2037 GBP/USD 1.3848 USD/CAD 1.2731 AUD/USD 0.7728 USD/JPY 106.0900 USD/CNH 6.4456 USD/ILS 3.2577 USD/MXN 20.3509 USD/CHF 0.8978 USD/INR 72.7513 USD/BRL 5.3705 USD/SGD 1.3305 USD/DKK 6.1776 USD/SEK 8.3443 USD/NOK 8.5159
-
USDThe greenback gained against peers as 10-year Treasuries hit one-year highs. The US dollar extended its gain to a one-week high after stronger than expected US PPI Retail Sales data was released.GBPSterling slips on US dollar strength falling as much as 0.3%. GBP/USD is trading within the 1.38 handle, moving away from the psychological 1.40 level targeted yesterday.EURThe euro was one of the biggest G10 losers versus the greenback falling as much as 0.4% and hitting a low of 1.2031.CADEarlier in the trading session the Canadian dollar remained steady against a firmer dollar as oil prices rose. The loonie has since weakened against the USD with USD/CAD trading about 0.3% higher.ASIA/PACIFICThe Japanese yen was the only G10 gainer versus the US dollar with USD/JPY falling as much as 0.2%. AUD/USD moved as much as 0.4% lower following comments from the Reserve Bank of Australia Assistant Governor Christopher Kent stating that the policy from the central bank will continue to put downward pressure on the currency.
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. ©2021 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 and other advisors, and only make investment decisions on the basis of your own objectives, experience and resources. |
