Tag Archives: 4) FX Trends

Swiss Franc The Euro has fallen by 0.26% at 1.1185 EUR/CHF and USD/CHF, September 7(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The euro’s resilience strikes us as a potentially important reflection of market psychology. Last week’s high was set near $1.1735, and the high for August was a little higher at nearly $1.1745. The euro has not been above $1.1750 since the...

Swiss Franc The Euro has fallen by 0.21% at 1.1276 EUR/CHF and USD/CHF, September 06(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The euro set a new high for the week in Asia earlier today near $1.1660. It subsequently was sold off to $1.1615 before rebounding. There is a 1.6 bln euro option struck at $1.16 that will be cut today. That it remains firm is impressive given...

Swiss Franc The Euro has risen by 0.20% at 1.1305. EUR/CHF and USD/CHF, September 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dollar is posting gains against most of the emerging market and major currencies. The MSCI Emerging Markets Index is off 1.6% and extending the drop to a sixth consecutive session. Indonesia’s bourse saw the largest decline (~3.75%) in the...

- Click to enlarge I had the privilege of being on the Bloomberg set with Tom Keene and Francine Lacqua earlier today. Lakshman Achuthan, co-founder of ECRI also joined us for the discussion. This 6.5 min video clip captures the essence of the discussion. The US dollar was rallying against all the major and most EM currencies. The second consecutive quarterly economic contraction in South Africa pushed the rand...

Swiss Franc The Euro has fallen by 0.01% at 1.1263. EUR/CHF and USD/CHF, September 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is rising against all the major and emerging market currencies today. The signals from the White House suggest strong pressure will be exerted on Canada to sign on to NAFTA 2.0 or risk losing part of its auto sector, which of...

The first week of a new month features the US jobs data. It is the most important economic report of a new month. It sets the broad tone for much of the economic data over the next several weeks, including consumption, industrial production, and construction spending. However, there are two reasons why it may not pack the punch it has in the past. First, the bar to dissuade the market against a 25 bp rate hike on...

The winding down of the North’s summer provides a suitable time to consider not the near-term outlook, which many investors do on a daily basis, but to reflect on where we are heading down the road a bit. What will the next 18-24 months hold? Of course, we harbor no illusions of prescient vision and accept the hazards of the assignment and so should the reader. The effect of monetary tightening and fiscal stimulus...

Swiss Franc The Euro has risen by 0.29% at 1.1275. EUR/CHF and USD/CHF, August 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dramatic price action seen yesterday among several emerging market currencies is eased today, but here at month-end, demand for risk-assets is tentative at best. The macro backdrop, including the increase in US core inflation, expectations...

Swiss Franc The Euro has risen by 0.40% at 1.1315. EUR/CHF and USD/CHF, August 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is mostly firmer, while global equities are softer and bonds little changed. The Turkish lira and South African rand remain under pressures. However, there does not appear to be an overall theme in today’s markets. Disappointing...

Swiss Franc The Euro has risen by 0.47% at 1.1361. EUR/CHF and USD/CHF, August 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has steadied after pulling back in recent days, but the downside correction does not appear complete, and month-end flows are still a risk to picking a dollar-bottom. The Australian dollar is the weakest of the majors. The main...