Financial Markets Daily Summary - July 13, 2018
Core Content Overview
This report provides a summary of interest rates, foreign exchange rates, and cross currency rates for the North American and global markets as of July 13, 2018. It includes comparisons with the rates from the previous week and four weeks ago, highlighting trends and spreads.
Interest Rates Summary
North American Rates
| Term |
Canada |
U.S. |
Spread (Canada - U.S.) |
| Three-month |
1.39 |
1.98 |
-0.59 |
| Six-month |
1.56 |
2.16 |
-0.60 |
| Two-year |
1.92 |
2.59 |
-0.67 |
| Three-year |
2.01 |
2.69 |
-0.67 |
| Five-year |
2.08 |
2.76 |
-0.68 |
| 10-year |
2.13 |
2.86 |
-0.72 |
| 30-year |
2.20 |
2.95 |
-0.76 |
- Trend: Canadian interest rates across all terms have remained relatively stable compared to the previous week and four weeks ago, while U.S. rates have slightly increased.
- Spread Analysis: The spread between Canada and the U.S. has remained consistent, with a range of -0.59 to -0.76 for different terms.
Foreign Exchange Rates Summary
USD/Currency Rates (July 13, 2018)
| Currency |
Rate (USD) |
Week Ago |
Four Weeks Ago |
| CAD |
0.75798 |
0.76441 |
0.75746 |
| EUR |
1.1639 |
1.1747 |
1.1609 |
| GBP |
1.3146 |
1.3286 |
1.3286 |
| JPY |
112.545 |
110.46 |
110.675 |
| MXN |
19.016 |
19.028 |
20.630 |
| CHF |
1.0055 |
0.9899 |
0.9976 |
| AUD |
0.7388 |
0.7434 |
0.7444 |
| CNY |
6.6979 |
6.6511 |
6.4398 |
| NZD |
0.674 |
0.6841 |
0.695 |
| Silver |
15.82 |
16.04 |
16.56 |
| Gold |
1241.9 |
1255 |
1279.8 |
- CAD: The Canadian dollar has weakened slightly against the U.S. dollar, with a rate of 0.75798 today compared to 0.76441 a week ago.
- EUR: The euro has depreciated against the U.S. dollar, showing a rate of 1.1639 today compared to 1.1747 a week ago.
- JPY: The Japanese yen has appreciated against the U.S. dollar, with a rate of 112.545 today compared to 110.46 a week ago.
- MXN: The Mexican peso has slightly weakened against the U.S. dollar, with a rate of 19.016 today compared to 19.028 a week ago.
- CNY: The Chinese yuan has depreciated against the U.S. dollar, with a rate of 6.6979 today compared to 6.6511 a week ago.
Cross Currency Rates Summary
| Currency |
USD |
CAD |
EUR |
MXN |
JPY |
GBP |
CHF |
AUD |
| USD |
1.0 |
0.758 |
1.16385 |
0.052587 |
0.008885 |
1.3146 |
0.99458 |
0.73875 |
| CAD |
1.3193 |
1.0 |
1.5355 |
0.0694 |
0.0117 |
1.7344 |
1.3121 |
0.9746 |
| EUR |
0.8592 |
0.6513 |
1.0 |
0.0452 |
0.0076 |
1.1295 |
0.8546 |
0.6347 |
| MXN |
19.0160 |
14.4137 |
22.1318 |
1.0 |
0.1690 |
24.9984 |
18.9129 |
14.0481 |
| JPY |
112.55 |
85.31 |
130.99 |
5.92 |
1.0 |
147.95 |
111.93 |
83.14 |
| GBP |
0.7607 |
0.5766 |
0.8853 |
0.0400 |
0.0068 |
1.0 |
0.7566 |
0.5620 |
| CHF |
1.0055 |
0.7621 |
1.1702 |
0.0529 |
0.0089 |
1.3218 |
1.0 |
0.7428 |
| AUD |
1.3536 |
1.0260 |
1.5754 |
0.0712 |
0.0120 |
1.7795 |
1.3463 |
1.0 |
- USD/CAD: The Canadian dollar has weakened against the U.S. dollar, with a rate of 0.75798 today.
- USD/EUR: The euro has weakened against the U.S. dollar, with a rate of 1.1639 today.
- USD/GBP: The UK pound has weakened against the U.S. dollar, with a rate of 1.3146 today.
- USD/JPY: The Japanese yen has appreciated against the U.S. dollar, with a rate of 112.545 today.
- USD/MXN: The Mexican peso has weakened against the U.S. dollar, with a rate of 19.016 today.
- USD/CHF: The Swiss franc has weakened against the U.S. dollar, with a rate of 1.0055 today.
- USD/AUD: The Australian dollar has weakened against the U.S. dollar, with a rate of 0.7388 today.
Forward Exchange Rates Summary
USD/CAD
| Tenor |
Rate |
| Spot |
1.3193 |
| One-month |
1.3188 |
| Three-month |
1.3174 |
| Six-month |
1.3153 |
| One-year |
1.3115 |
| Two-year |
1.3040 |
| Three-year |
1.2979 |
| Four-year |
1.2948 |
| Five-year |
1.2922 |
- The Canadian dollar has weakened slightly in forward rates, showing a trend of depreciation against the U.S. dollar.
USD/EUR
| Tenor |
Rate |
| Spot |
1.1639 |
| One-month |
1.1664 |
| Three-month |
1.1719 |
| Six-month |
1.1809 |
| One-year |
1.1997 |
| Two-year |
1.2390 |
| Three-year |
1.2758 |
| Four-year |
1.3093 |
| Five-year |
1.3400 |
- The euro has appreciated in forward rates, indicating a potential strengthening trend against the U.S. dollar.
USD/JPY
| Tenor |
Rate |
| Spot |
112.545 |
| One-month |
112.3068 |
| Three-month |
111.8340 |
| Six-month |
110.9972 |
| One-year |
109.3280 |
| Two-year |
105.7350 |
| Three-year |
102.2250 |
| Four-year |
98.9260 |
| Five-year |
95.7750 |
- The Japanese yen has appreciated significantly in forward rates, indicating a strong trend of appreciation against the U.S. dollar.
USD/GBP
| Tenor |
Rate |
| Spot |
1.3146 |
| One-month |
1.3164 |
| Three-month |
1.3198 |
| Six-month |
1.3257 |
| One-year |
1.3374 |
| Two-year |
1.3617 |
| Three-year |
1.3834 |
| Four-year |
1.4027 |
| Five-year |
1.4194 |
- The UK pound has appreciated in forward rates, showing a potential strengthening trend against the U.S. dollar.
Key Takeaways
- Interest Rates: Canadian rates have remained relatively stable, while U.S. rates have increased slightly.
- Foreign Exchange Rates: The CAD has weakened against the USD, the EUR has weakened, and the JPY has appreciated.
- Forward Rates: The JPY shows a strong appreciation trend, while the CAD and GBP have weakened in forward rates. The EUR has shown a moderate appreciation in forward rates.
This report is prepared by RBC Economics Research and is for informational purposes only. It does not constitute an offer to sell or a solicitation to buy securities.
