Treasury halts dollar debt payments from Russian government; Zelensky continues to address UN over alleged Genocide in Bucha; RBA holds cash rate at 0.1%.
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FX Rates
April 5, 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 1.3135 GBP/EUR 1.1956 EUR/USD 1.0986 USD/CAD 1.2459 EUR/CHF 1.0165 EUR/SEK 10.3253 EUR/NOK 9.5557 EUR/DKK 7.4375 USD/ILS 3.2105 AUD/USD 0.7630 NZD/USD 0.6996 USD/SGD 1.3553 USD/JPY 122.79 USD/CNH 6.3640 USD/INR 75.4163 EUR/ILS 3.5269 GBP/ILS 4.2168 USD/ZAR 14.5453
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GBP
The UK is set to outline its energy strategy on Thursday. This comes as clean power groups call for a reduction in red tape for planning and permits. The UK government has also announced that it will sell Channel 4.
In March, 60% of UK businesses in the foods sector reported being affected by rising energy prices, the average across all industries was 38%.
GBPUSD trades higher by 0.15%, the FTSE100 closed yesterday up 0.28%.
EURLithuania became the first EU member to end its dependency on Russian gas. Meanwhile, the EU will discuss, “stepping up sanctions” today.
EURUSD trades slightly higher at 0.04%. The euro trades lower against sterling by 0.13%.
USDThe US Treasury halted dollar debt payments from Russian government accounts hoping to push Moscow towards three unappealing solutions for the economy. The Russian government will have to: use dollar reserves, spend new revenue, or potentially default on its debt. This follows Russia’s alleged repositioning to focus on the eastern offensive.
The US trade deficit is expected to narrow today, marginally impacted by recent dollar strength weighing in on import/export prices.
Twitter’s surge helped to bolster US equities yesterday, with the NASDAQ closing 1.9% higher. The Dollar trades down marginally by -0.1%
ASIA/PACIFICSri Lanka have appointed a new governor, Weerasinghe. The country currently faces an inflation crisis spurred by a severe shortage of dollars.
South Korea’s inflation accelerated to 4.1% in March, the highest in over a decade. Meanwhile, Filipino and Thai inflation quickened to 4% and 5.7%.
ILSUSDILS has continued its recovery from monthly lows on the 31st March. It currently trades higher by 0.18% as we print. However, the pair is down -2.26% over the last month.Data & EventsEU – Composite PMIs (ES, IT, FR, GE, EU)
UK – Composite PMIs
UK – Sells bonds
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| Source: Bloomberg | |
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