The US dollar is broadly stronger as DXY climbed to a near two-year high in early trading. US treasury yields also climbed to the highest levels since 2019 as the 10-year Treasury note hit a high of 2.56% before settling at 2.55%. The general dollar strength pressured other G-10 currencies and oil prices continue to climb this week with WTI Crude up another 1% on the day.
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FX Rates
April 6, 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 1.0910 GBP/USD 1.3071 USD/CAD 1.2508 AUD/USD 0.7557 USD/JPY 123.82 USD/CNH 6.3623 USD/ILS 3.2376 USD/MXN 20.0729 USD/CHF 0.9331 USD/INR 75.7575 USD/BRL 4.7111 USD/SGD 1.3594 USD/DKK 6.8161 USD/SEK 9.4624 USD/NOK 8.7693
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USD
The dollar strengthened this morning against its peers, as the DXY reached two-year highs earlier in the day. The dollar is stronger versus the Japanese yen and the Swiss franc as investors await the FOMC March minutes today. The greenback continued to gather strength this week amid surging US Treasury bond yields.
GBPGBP/USD rates slide against the stronger dollar, with the pair down 0.55% from yesterday’s high. GBP was largely affected by the rising US Treasury yields.
EURRates continue to remain just above yearly lows. EUR/USD rates reached a two-month low to start the trading day but have since re-gained 0.20%. European bond yields rise after comments by ECB member Phillip Lane stated that the ECB will remain flexible with the need for policy changes.
CADThe loonie slid versus the USD despite crude oil prices continuing to climb this week. The loonie retreated from its strongest level in five months as USD/CAD rates are near 1.25. WTI crude rose 1% on the day and is at $103/barrel.ASIA/PACIFICThe Australian dollar rose as high as 1.52% yesterday after the RBA rate decision. Since that rally, AUD/USD rates have slid 0.17% trading around $0.75.
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| Source: Bloomberg | |
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