The Bloomberg dollar index traded higher for a third day this week as traders remain cautious regarding the spread of the omicron variant. Lower oil prices put downward pressure on commodity-linked currencies including the Canadian dollar.
“We could leave the Christmas lights up ‘til January.”
-
FX Rates
December 30, 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 1.1324 GBP/USD 1.3504 USD/CAD 1.2785 AUD/USD 0.7266 USD/JPY 115.41 USD/CNH 6.3738 USD/ILS 3.1106 USD/MXN 20.5377 USD/CHF 0.9143 USD/INR 74.42 USD/BRL 5.5883 USD/SGD 1.3527 USD/DKK 6.5673 USD/SEK 9.0312 USD/NOK 8.7974
-
USD
The Bloomberg dollar index continued its winning streak gaining for the third day this week up 0.2%. The dollar remains strong ahead of talks between US and Russian leaders regarding tensions over Ukraine.
GBPSterling is trading lower as coronavirus cases hit record highs globally. GBPUSD is trading down around 0.3%.
EUREUR reversed gains from Wednesday falling almost 0.5% trading at a low of 1.1299. The euro remains weak against the US dollar on broad greenback strength.
CADDropping oil prices put downward pressure on the loonie. The Canadian dollar weakened against the greenback in line with the rest of the G-10 currencies.
ASIA/PACIFICUSDJPY climbed to levels not seen since November 26th trading at a high of 115.21. The Australian dollar is trading slightly higher. The currency pair rebounded following the country’s severe lockdown.
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/foreign-exchange-advisory
| 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. |
