Financial Markets Daily Summary - July 19, 2018
Core Content Overview
This report provides a summary of interest rates and foreign exchange rates for North America and other major currencies as of July 19, 2018. It includes current rates, comparisons to the previous week and four weeks ago, and forward exchange rates for various currencies.
Interest Rates Summary
North American Interest Rates
| Term |
Canada |
U.S. |
Spread (Canada - U.S.) |
| Three-month |
1.36 |
2.00 |
-0.64 |
| Six-month |
1.56 |
2.17 |
-0.62 |
| Two-year |
1.96 |
2.62 |
-0.66 |
| Three-year |
2.00 |
2.70 |
-0.70 |
| Five-year |
2.07 |
2.78 |
-0.71 |
| 10-year |
2.15 |
2.88 |
-0.73 |
| 30-year |
2.21 |
2.99 |
-0.79 |
- Trend: Canadian interest rates have remained relatively stable compared to U.S. rates, with spreads narrowing slightly across most maturities.
- Key Observation: The spread between Canadian and U.S. rates has generally decreased over the past four weeks, indicating a potential convergence in monetary policy expectations.
Foreign Exchange Rates Summary
Foreign Exchange Rates (July 19, 2018)
| Currency |
US/CAD |
US/EUR |
US/GBP |
JPY/US |
MXN/US |
CHF/US |
US/AUD |
CNY/US |
US/NZD |
Silver |
Gold |
| Today |
0.75438 |
1.1586 |
1.2972 |
113.095 |
19.117 |
1.0038 |
0.7332 |
6.777 |
0.6726 |
15.21 |
1213.2 |
| Week ago |
0.76025 |
1.1673 |
1.3206 |
112.565 |
18.980 |
1.0024 |
0.7409 |
6.6775 |
0.6785 |
15.95 |
1247.1 |
| Four Weeks Ago |
0.75109 |
1.1603 |
1.3252 |
109.995 |
20.326 |
0.9918 |
0.7382 |
6.5007 |
0.688 |
16.36 |
1267.2 |
- US/CAD: The Canadian dollar has weakened against the U.S. dollar, with a rate of 0.75438 today, down from 0.76025 a week ago and 0.75109 four weeks ago.
- US/EUR: The euro has strengthened slightly against the U.S. dollar, with a rate of 1.1586 today, compared to 1.1673 and 1.1603 in the previous periods.
- US/GBP: The British pound has also strengthened against the U.S. dollar, with a rate of 1.2972 today, down from 1.3206 and 1.3252 in the previous periods.
- JPY/US: The Japanese yen has appreciated against the U.S. dollar, with a rate of 113.095 today, up from 112.565 and 109.995 in the previous periods.
- MXN/US: The Mexican peso has weakened against the U.S. dollar, with a rate of 19.117 today, down from 18.980 and 20.326 in the previous periods.
- CHF/US: The Swiss franc has appreciated slightly against the U.S. dollar, with a rate of 1.0038 today, up from 1.0024 and down from 0.9918 in the previous periods.
- US/AUD: The Australian dollar has weakened against the U.S. dollar, with a rate of 0.7332 today, down from 0.7409 and 0.7382 in the previous periods.
- CNY/US: The Chinese yuan has weakened against the U.S. dollar, with a rate of 6.777 today, down from 6.6775 and 6.5007 in the previous periods.
- Silver & Gold: Silver prices have decreased to 15.21 today, while gold prices have dropped to 1213.2, both showing a decline from the previous week and four weeks ago.
Cross Currency Rates Summary
| Currency |
USD |
CAD |
EUR |
MXN |
JPY |
GBP |
CHF |
AUD |
| USD |
1.0 |
0.7544 |
1.15855 |
0.052311 |
0.008842 |
1.2972 |
0.996264 |
0.7332 |
| CAD |
1.3256 |
1.0 |
1.5358 |
0.0693 |
0.0117 |
1.7196 |
1.3206 |
0.9719 |
| EUR |
0.8631 |
0.6511 |
1.0 |
0.0452 |
0.0076 |
1.1197 |
0.8599 |
0.6329 |
| MXN |
19.1165 |
14.4210 |
22.1474 |
1.0 |
0.1690 |
24.7979 |
19.0451 |
14.0162 |
| JPY |
113.10 |
85.32 |
131.03 |
5.92 |
1.0 |
146.71 |
112.67 |
82.92 |
| GBP |
0.7709 |
0.5815 |
0.8931 |
0.0403 |
0.0068 |
1.0 |
0.7680 |
0.5652 |
| CHF |
1.0038 |
0.7572 |
1.1629 |
0.0525 |
0.0089 |
1.3021 |
1.0 |
0.7359 |
| AUD |
1.3639 |
1.0289 |
1.5801 |
0.0713 |
0.0121 |
1.7692 |
1.3588 |
1.0 |
- USD/CAD: The Canadian dollar has weakened against the U.S. dollar, with a rate of 0.7544 today.
- USD/EUR: The euro has appreciated against the U.S. dollar, with a rate of 1.15855 today.
- USD/GBP: The British pound has appreciated against the U.S. dollar, with a rate of 1.2972 today.
- USD/JPY: The Japanese yen has appreciated against the U.S. dollar, with a rate of 0.008842 today.
- USD/MXN: The Mexican peso has weakened against the U.S. dollar, with a rate of 0.052311 today.
- USD/CHF: The Swiss franc has appreciated against the U.S. dollar, with a rate of 0.996264 today.
- USD/AUD: The Australian dollar has weakened against the U.S. dollar, with a rate of 0.7332 today.
Forward Exchange Rates Summary
| Currency |
Spot |
One-month |
Three-month |
Six-month |
One-year |
Two-year |
Three-year |
Four-year |
Five-year |
| C$ |
1.3256 |
1.3249 |
1.3235 |
1.3213 |
1.3173 |
1.3097 |
1.3038 |
1.2991 |
1.2960 |
| Euro* |
1.1586 |
1.1611 |
1.1666 |
1.1756 |
1.1945 |
1.2341 |
1.2714 |
1.3058 |
1.3371 |
| Yen |
113.095 |
112.8710 |
112.3790 |
111.5321 |
109.8360 |
106.1750 |
102.6500 |
99.1950 |
95.9700 |
| UK pound* |
1.2972 |
1.2989 |
1.3023 |
1.3082 |
1.3201 |
1.3454 |
1.3685 |
1.3893 |
1.4080 |
| US$ |
0.7544 |
0.7547 |
0.7556 |
0.7568 |
0.7591 |
0.7635 |
0.7670 |
0.7698 |
0.7716 |
| Euro* |
1.5358 |
1.5384 |
1.5439 |
1.5534 |
1.5735 |
1.6164 |
1.6577 |
1.6964 |
1.7329 |
| Yen |
85.3161 |
85.19 |
84.91 |
84.41 |
83.38 |
81.07 |
78.73 |
76.36 |
74.05 |
| UK pound* |
1.7196 |
1.7210 |
1.7236 |
1.7285 |
1.7389 |
1.7622 |
1.7842 |
1.8048 |
1.8249 |
- Forward Rates: Forward rates for all currencies show a slight appreciation of the foreign currency against the U.S. dollar over time, with the most significant appreciation seen in the euro and UK pound.
- Yen: The yen has shown a consistent appreciation against the U.S. dollar in forward rates, indicating stronger demand for yen in the future.
- Peso: The Mexican peso has appreciated in forward rates, suggesting expectations of future depreciation against the U.S. dollar.
Key Information
- The report is produced by RBC Economics Research and is for informational purposes only.
- All data is based on sources considered reliable, but no guarantees of accuracy or completeness are made.
- The material is the property of Royal Bank of Canada and may not be reproduced without express authorization.
