Tag Archives: 4) FX Trends

Swiss Franc The Euro has risen by 0.11% at 1.1186 EUR/CHF and USD/CHF, June 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A global sigh of relief that the US will not tariff all its imports from Mexico. Equities are all higher, and the weekend demonstrations in Hong Kong over a bill allowing extraditions to the mainland for the first time did not deter...

There is a new game, afoot. For the last couple of years, it has been about normalizing policy. Even the Bank of Japan, which has never declared it was tapering, has gradually reduced the amount of government bonds it purchases. Countries like the US, or Canada in 2017, who could raise interest rates were rewarded with stronger currencies. The tide has turned. The maturing business cycles may have been rolling over...

Swiss Franc The Euro has risen by 0.11% at 1.1186 EUR/CHF and USD/CHF, June 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities continue to recover from the recent slide. Chinese and Hong Kong markets were on holiday today, but the MSCI Asia Pacific Index eked out a minor gain and ensured that its four-week slide ended. Europe’s Dow Jones Stoxx 600...

Swiss Franc The Euro has risen by 0.18% at 1.1178 EUR/CHF and USD/CHF, June 06(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The implications of President Trump’s assessment that there has not been “nearly enough” progress in negotiations with Mexico that would avert the tariff on June 10 competing for investors’ attention, which had been squarely today’s ECB...

Swiss Franc The Euro has fallen by 0.09% at 1.115 EUR/CHF and USD/CHF, June 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Federal Reserve’s patience never excluded a rate cut should conditions warrant. The acknowledgment of this without signaling a change its stance is being seized upon to justify aggressive pricing of rates. At the same time, there has...

Swiss Franc The Euro has risen by 0.13% at 1.117 EUR/CHF and USD/CHF, June 04(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets are stabilizing today after taking a body blow of broadening the use of US tariffs (in migration dispute with Mexico), threatening the ratification of NAFTA 2.0, and still escalating hostile rhetoric between...

Swiss Franc The Euro has risen by 0.04% at 1.1181 . FX Rates Overview: The weekend failed to break the grip of investor worries that is driving stocks and yields lower. The US Administration’s penchant for tariffs is not simply aimed at China, where there is some sympathy, but the move against Mexico, dropping special privileges for India, and apparently, had considered tariffs on Australia. At the same time, the...

The first week of June features the Reserve Bank of Australia meeting, an ECB meeting, and the US employment data. The RBA is expected to deliver its first rate cut in three years. The market appears to have discounted not only a second cut in H2 but has priced nearly half of a third cut as well. A soft inflation reading after the seasonal bump in April and disappointing survey data, with Brexit and trade tensions,...

Swiss Franc The Euro has fallen by 0.01% at 1.1214 EUR/CHF and USD/CHF, May 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US announcement to lay a 5% tariff on all goods coming from Mexico (starting June 10) until it stops the flow of “illegal migrants” spurred sharp losses in the Mexican peso and general risk-off move that strengthened the yen. The...

The US dollar closed today above CAD1.3500 for the first time since January 2.  Despite the setback, the Canadian dollar is the strongest of the major currencies year-to-date with a little less than a one percent gain.  The yen, in second, has is up about 0.2% (~JPY109.50).  Among emerging market currencies,  the Mexican peso’s 2.6% gain puts it in in second place behind the Russian rouble’s 7.2% appreciation. It is a...