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Yen advances on news that US President Trump tests positive for covid-19
Markets moved towards risk-off trading with equity futures down across the board and the US dollar advancing versus most G10 peers. The USD held gains following employment data which showed the unemployment rate falling to 7.9% vs. expectation of 8.2% the numbers were slightly skewed due to a lower participation rate. The Japanese yen strengthened against the US dollar as much as 0.7% as investors moved towards safe haven assets. Sterling also moved higher on news that Boris Johnson is due to meet with European Commission President Ursula von der Leyen this Sunday.
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FX Rates
October 2, 2020Rates 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 1.1706 GBP/USD 1.2908 USD/CAD 1.3330 AUD/USD 0.7144 USD/JPY 105.2800 USD/CNH 6.7575 USD/ILS 3.4357 USD/MXN 21.9124 USD/CHF 0.9211 USD/INR 73.1425
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USDThe dollar rose against all G10 currencies except for yen, pound and Swedish krona. The greenback strengthened on broad risk-off trading following news of the US President’s positive coronavirus test.GBP
The British pound reversed losses strengthening 0.5% and hitting a high of 1.2954. On Sunday, Boris Johnson will hold talks with the European Commission President Ursula von der Leyen to an attempt to get closer to a deal.
EUREUR weakened against the greenback as markets move towards risk-off trading and following employment data out of the US. The common currency hit a low of 1.1696 but is currently trading above the 1.17 handle.
CADThe Canadian dollar weakened alongside with risk appetite following news that Trump and the first lady tested positive for Covid-19. Crude oil fell 3.4% after dropping as much as 5%, the commodity is trading at lowest levels in more than 3 weeks.ASIA/PACIFICUSD/JPY fell almost 1% as markets shifted to risk-off following news that US President Trump tested positive for coronavirus. One week volatility for the currency pair jumped 175 bps rising to 6.71%. The Australian dollar lead losses for G10 currencies falling as much at 0.8% .
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