20180723-加拿大皇家银行-FINANCIAL_MARKETS_DAILY_1页_250kb

Financial Markets Daily Summary - July 23, 2018

Core Content Overview

This document provides a summary of U.S. interest rates, foreign exchange rates, and cross currency rates as of July 23, 2018. It also includes forward exchange rates for several major currencies.

---

U.S. Interest Rates

The U.S. interest rates for various maturities are as follows:

Maturity	Today	Week Ago	Four Weeks Ago
Three-month	1.99%	1.98%	1.93%
Six-month	2.15%	2.16%	2.10%
Two-year	2.60%	2.59%	2.55%
Three-year	2.68%	2.66%	2.64%
Five-year	2.76%	2.72%	2.77%
10-year	2.90%	2.82%	2.89%
30-year	3.03%	2.93%	3.04%

The rates show a slight increase for the three-month and five-year maturities compared to the previous week, while the 10-year rate has increased from the previous week but decreased from four weeks ago. Overall, the U.S. interest rate environment remains relatively stable.

---

Foreign Exchange Rates

The U.S. dollar exchange rates against other currencies on July 23, 2018, are:

Currency	Today	Week Ago	Four Weeks Ago
CAD	0.76104	0.76132	0.75216
EUR	1.1719	1.171	1.1704
GBP	1.3136	1.3236	1.3277
JPY	111.235	112.295	109.775
MXN	19.079	18.820	19.895
CHF	0.9915	0.9968	0.987
AUD	0.7394	0.7421	0.7414
CNY	6.7875	6.6857	6.5316
NZD	0.6799	0.6778	0.69
Silver	15.45	15.79	16.34
Gold	1228.6	1240.8	1266

The U.S. dollar has weakened slightly against the Canadian dollar, euro, and British pound over the past week. It has also weakened against the Japanese yen and Mexican peso, while strengthening against the Swiss franc and Australian dollar.

---

Cross Currency Rates

The cross currency rates for July 23, 2018, are:

Currency	USD	CAD	EUR	MXN	JPY	GBP	CHF	AUD
USD	1.0	0.761	1.1719	0.052414	0.00899	1.31355	1.008573	0.73935
CAD	1.3140	1.0	1.5399	0.0689	0.0118	1.7260	1.3253	0.9715
EUR	0.8533	0.6494	1.0	0.0447	0.0077	1.1209	0.8606	0.6309
MXN	19.0790	14.5197	22.3586	1.0	0.1715	25.0612	19.2425	14.1060
JPY	111.24	84.65	130.36	5.83	1.0	146.11	112.19	82.24
GBP	0.7613	0.5794	0.8922	0.0399	0.0068	1.0	0.7678	0.5629
CHF	0.9915	0.7546	1.1619	0.0520	0.0089	1.3024	1.0	0.7331
AUD	1.3525	1.0293	1.5850	0.0709	0.0122	1.7766	1.3641	1.0

The U.S. dollar is relatively strong against the Swiss franc and Australian dollar, while it is weaker against the Canadian dollar, euro, and British pound.

---

Forward Exchange Rates

The forward exchange rates for July 23, 2018, are as follows:

Currency	Spot	One-month	Three-month	Six-month	One-year	Two-year	Three-year	Four-year	Five-year
C$	1.314	1.3133	1.3119	1.3099	1.3061	1.2989	1.2940	1.2905	1.2879
Euro*	1.1719	1.1748	1.1801	1.1892	1.2081	1.2477	1.2845	1.3180	1.3494
Yen	111.235	111.0055	110.5392	109.7169	108.0686	104.4989	101.0500	97.7230	94.5500
UK pound*	1.3136	1.3153	1.3186	1.3244	1.3359	1.3606	1.3834	1.4038	1.4227

The forward rates indicate a gradual depreciation of the U.S. dollar against the Canadian dollar, euro, and UK pound over the next few years, with the most significant decline expected for the UK pound. The yen shows a more pronounced depreciation trend against the U.S. dollar in the longer term.

---

Key Takeaways

• Interest Rates: The U.S. interest rate environment is stable, with minor fluctuations across different maturities.
• Foreign Exchange Rates: The U.S. dollar has weakened against the Canadian dollar, euro, and British pound, while it has strengthened against the Swiss franc and Australian dollar.
• Forward Rates: The U.S. dollar is expected to depreciate against the Canadian dollar, euro, and UK pound over the next five years, with the UK pound showing the most significant decline.