Get started with SVB

Are you an innovation company or investor seeking banking services to help you move bold ideas forward, fast?

Let's get started

Existing SVB clients

Get quick answers from our support page.

For help with commercial cards

For other questions contact Client Service:


Find a location

Technical or site issue?

FX Update

US dollar remains strong as euro falls below 1.09


Greenback slightly higher than peers as other G10 currencies trade in a tight range amidst quarter-end flows. The euro is headed for its eighth monthly loss this year as global growth concerns continue to weigh on the common currency.

Monday: US Dallas Fed Manufacturing Activity
Tuesday: Canada GDP. Markit Canada Manufacturing. Markit US Manufacturing PMI. US ISM Manufacturing
Wednesday: US ADP Employment Change
Thursday: US Initial Jobless Claims
Friday: US Jobs Data

  • FX Rates
    September 30, 2019

    Rates 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.

  • USD

    The greenback hit fresh 2019 highs as EUR fell below 1.09 and GBP fell below 1.23. US dollar strengthened against peers as US-China trade talks remain a focus for markets ahead of Tuesday’s speech by Chinese President Xi Jinping.


    Sterling strengthened overnight during the European session following release of data that showed the UK economy expanded a little faster than estimated in the second quarter. The pound remains largely unchanged and is hovering around the 1.23 handle.  


    The euro broke through 1.09 to the downside following a report from Reuters stating that leading economic institutes are cutting their 2019 growth forecast for Germany. The expectation for growth is now 0.5% vs. the April forecast of 0.8%. The growth forecast for 2020 was also cut to 1.1% from April’s estimate of 1.8%.


    USD/CAD is little changed trading around 1.3250 as we head into month and quarter end. WTI crude prices are weaker by 1.2% at $55.25/bbl after the Saudi Arabian refinery strike.


    USD/JPY trades to session highs after Bank of Japan reduced the buying of three-to-five year bonds and increased purchases of one-to-three year debt to try to steepen the yield curve.
    Reserve Bank of Australia is due to meet on Tuesday and the expectation is for the central bank to keep its cash target rate at 1.00%. AUD/USD is slightly lower trading around 0.6750.

Contact Us

For more analysis on FX markets or information regarding SVB's FX services:

Contact your respective SVB FX Advisor or the SVB FX Advisory Team at
See all of SVB's latest FX information and commentary at

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 Policy. If you have privacy questions, you may contact us at You can withdraw your consent at any time.

About the Author

Cate Camerota is currently an FX Advisor at Silicon Valley Bank focusing on early stage and growth Technology names in New England and Eastern Canada. Prior to SVB, Cate worked in FX Sales/Trading at Wells Fargo and Citizens Bank where she supported a portfolio of Middle Market and Mid-Corp clients throughout the Northeast. Cate helped clients identify FX risk and implement strategic hedging programs.

Outside of work, Cate is involved with the Boys & Girls Club of Boston Friends Council, Ladies FORE Finance (women's golf league) and My Life My Choice.

Follow Author on LinkedIn

Now Let's Get Started

See how SVB makes next happen now for entrepreneurs like you.

Connect with Us