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EUR down 13% over the last 12 months; Chinese authorities continue to crackdown on covid outbreaks.
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FX Rates
April 29, 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.
Source: BloombergGBP/USD 1.2561 GBP/EUR 1.1886 EUR/USD 1.0568 USD/CAD 1.2731 EUR/CHF 1.0234 EUR/SEK 10.3089 EUR/NOK 9.8105 EUR/DKK 7.4418 USD/ILS 3.3246 AUD/USD 0.7162 NZD/USD 0.6533 USD/SGD 1.3791 USD/JPY 129.89 USD/CNH 6.6197 USD/INR 76.3675 EUR/ILS 3.5132 GBP/ILS 4.1757 USD/ZAR 15.9036
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GBP
Sinn Fein looks likely to become the largest party in Northern Ireland’s assembly, which could result in a pro-republican first minister for the first time.
Brexit minister Rees-Mogg defended his decision to delay post-Brexit border checks on imports from the EU, claiming it saves £1 billion per year and can help to ease the cost-of-living crisis.
GBPUSD has recovered through the Asian session, after yesterday saw the pair trade below 1.25.
EUREuro-area inflation is expected to moderate in April at 6.9%, GDP growth is anticipated to remain steady at 0.3%. This might be impacted by French figures which showed GDP growth slowing to 5.3% YoY and CPI advancing to 5.4% YoY.
The EUR has hit a five-year low this week, dropping 13% of its value in the past 12 months. The EUR however has made early gains up 0.55% intraday against the dollar.
USDThe PCE deflator, a measure of inflation, is seen rising to 6.7% in March from a year earlier. The employment cost index, could post a 1.1% increase across the 1Q, echoing robust growth in earnings.
Yesterday saw personal consumption fall below the market consensus at 2.7% down from the expected 3.5%.
The DXY has fallen 0.52% today, as concerns about China temper slightly.
ASIA/PACIFICChinese authorities continue to forcefully crackdown on covid outbreaks to buy time to immunize more of the population. This comes as Shanghai reported its first increase in Covid-19 cases in six days. They reported 9,970 infections and 52 deaths yesterday.
Meanwhile, Beijing continues to discuss on-site audits with US regulators, which would permit Chinese firms to continue to be listed in New York.
ILSUSDILS trades higher by 0.4% intraday, trading 1.75% on Monday’s open.
Data & EventsEurozone – CPI
US – PCE Deflator
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| Source: Bloomberg | |
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