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Home / Tag Archives: 4) FX Trends

Tag Archives: 4) FX Trends

FX Daily, October 23: Disappointing PMIs may Sharpen ECB’s Dovishness but the Euro Remains Firm

Swiss Franc The Euro has fallen by 0.06% to 1.071 EUR/CHF and USD/CHF, October 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is finishing the week on a soft note, falling against all the major currencies. On the week, it is off by at least one percent against most of them, with the Australian and Canadian dollars and Japanese yen, laggards, rising 0.5%-0.75%. Emerging market currencies are...

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FX Daily, October 22: Greenback Stabilizes

Swiss Franc The Euro has fallen by 0.11% to 1.0723   EUR/CHF and USD/CHF, October 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Two sets of talks have riveted attention, and both appeared to have made progress yesterday. After some words, the EC, recognizing the importance of UK sovereignty, UK Prime Minister Johnson signaled a resumption of trade talks. In the US, Pelosi and Mnuchin appear to be on the...

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FX Daily, October 21: Dollar Slumps as Yields Rise

Swiss Franc The Euro is stable by 0.00% to 1.072 EUR/CHF and USD/CHF, October 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dollar is falling against most of the world’s currencies today, even as long-term yields rise to the most in four months and drags global yields higher. The US 10-year yield is pushing above 0.80%, and the 30-year is above 1.60%. Many are linking the backup in yields to prospects...

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FX Daily, October 20: Narrowly Mixed Markets as Clearer Direction Sought

Swiss Franc The Euro has risen by 0.11% to 1.0721 EUR/CHF and USD/CHF, October 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets lack a clear direction today. This is reflected in narrowly mixed equities, bonds, and currencies. The spreading contagion is giving rise to new economic concerns, among other things, and the UK-EU talks are struggling to resume, while Pelosi-Mnuchin talks in the...

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FX Daily, October 19: Sterling Sparkles in Dollar Setback

Swiss Franc The Euro has fallen by 0.04% to 1.0715 EUR/CHF and USD/CHF, October 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  Investors have not let the surge of the virus or uncertainty over the UK-EU talks or US fiscal stimulus to stand in their way. Sterling is leading the major currencies higher, returning to the $1.30 area, while global equities are trading higher. In the Asia Pacific region, Chinese...

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FX Daily, October 16: Deja Vu All Over Again

Swiss Franc The Euro has risen by 0.02% to 1.0712 EUR/CHF and USD/CHF, October 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It was like deja vu all over again. First, the market reacted immodestly to headlines indicating there was little chance of pre-election fiscal stimulus in the US. It was hardly new news. Then the market seemed to react with surprise that there was no last-minute breakthrough in the...

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FX Daily, October 15: Markets Shake and Dollar Goes Bid

Swiss Franc The Euro has stable by 0.00% to 1.0733 EUR/CHF and USD/CHF, October 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A combination of the surging virus, threatening the slow recovery that was already losing momentum, the lack of new stimulus in the US, and market positioning is seeing risk unwind in a big way today. Equities are selling off. Led by a 2% drop in Hong Kong, Asia Pacific equities...

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FX Daily, October 14: UK Blinks on Threat to Walk Away on Eve of EU Summit

Swiss Franc The Euro has fallen by 0.15% to 1.0729 EUR/CHF and USD/CHF, October 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Turn around Tuesday saw the dollar bounce, particularly against the Australian dollar and European currencies, among the majors. Sterling pared earlier losses on reports that the UK would not walk away from the talks just yet, while the euro remains on its back foot. Emerging market...

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FX Daily, October 13: Markets Look for Fresh Incentives

Swiss Franc The Euro has fallen by 0.08% to 1.073 EUR/CHF and USD/CHF, October 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 and NASDAQ gapped higher for the third consecutive session and continued to advance. The benchmarks reached their best level since early September. Hong Kong markets were closed due to a storm, but the MSCI Asia Pacific gained for the seventh consecutive session. Most...

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FX Daily, October 12: Yuan in Spotlight in Consolidative Session

Swiss Franc The Euro has fallen by 0.15% to 1.0738 EUR/CHF and USD/CHF, October 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Led by 2-3% gains in Hong Kong and China, the MSCI Asia Pacific Index rose for the sixth consecutive session is pressing against the high for the year. European stocks are firmer, and the Dow Jones Stoxx 600 is up around 0.5% near midday, and shares are also trading firmer. The...

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