Trans-Atlantic Exchange Rate Report for June 1st – 5th

By: Matthew Natof, The Quinnipiac University Global Economics Research Team

Trans-Atlantic Currencies Index

Source: Yahoo and own calculations. Exchange rates are inverted to be USD per local currency (i.e., an increase indicates a stronger domestic currency) and then indexed to be 100 at the start of the period.

From June 1st-5th, all Trans-Atlantic currencies varied in both pathway and destination. The Canadian dollar (CAD) appreciated for most of the week, then depreciated slightly, ending the week at 0.56%. The Swiss franc (CHF) appreciated heavily, finishing at this week’s high of 0.74%. The euro (EUR) stayed fairly constant from start to finish, ending at 0.03. The pound (GBP) was the only currency in negative territory, finishing at -0.30.

Trans-Atlantic Historical Trends

Source: Eurostat and own calculations. Exchange rates are inverted to be USD per local currency (i.e., an increase indicates a stronger domestic currency. The center line is a rolling three-month average. The upper and lower boundaries are the average plus and average minus one standard deviation, respectively, for the same three-month period.

From June 1st-5th, the Trans-Atlantic currencies all followed nearly identical paths. The Canadian dollar (CAD) heavily depreciated, ending well below its lower bound. The Swiss franc (CHF) also decreased but did not go as far below its lower bound. The euro (EUR) was similar, ending just slightly beneath its lower bound. The British pound (GBP) followed suit but finished just above its lower bound.

Additional Reading

Financial & Forex Market Recap – June 3, 2026

The article says the U.S. dollar strengthened because U.S. economic data came in better than expected and bond yields rose. That led people to expect interest rates would stay high for longer, so investors moved money into dollars. As a result, the euro, British pound, Canadian dollar, and Swiss franc all fell in value. It also notes that global uncertainty made people even more likely to buy the U.S. dollar, since it’s seen as safer.