Tag Archives: 4) FX Trends

Swiss Franc The Euro has fallen by 0.10% to 1.0849 EUR/CHF and USD/CHF, September 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The sixth decline of the S&P 500 in the past seven sessions set a negative tone for equity trading in the Asia Pacific region, and the poor Chinese data did not help matters. News that China’s troubled Evergrande would miss next week’s interest payment weighed on sentiment too....

Overview: The markets are in a wait-and-see mode, it appears, ahead of the US CPI figures, as it absorbs bond supply from Europe and monitors the potential restructuring of China’s Evergrande. A new storm may hit US oil and gas in the Gulf before recovering from the past storm and helping to underpin prices. China and Hong Kong led the decliners in the mixed Asia Pacific session that saw the Nikkei post its highest close since 1990. South Korea, Taiwan, and Indian...

How (Not) to Win Friends and Influence People Overview: There are two big themes in the capital markets today. The first is the ongoing push of the Chinese state into what was the private sector. Today’s actions involve breaking Ant’s lending arms into separate entities, with the state taking a stake. This weighed on Chinese shares and Hong Kong, where many are lists. On the other hand, Japanese markets extended their recent gains. The Nikkei, for example, is has...

The US dollar enjoyed a firmer bias last week despite the disappointing jobs growth reported on September 3.  The Norwegian krone was the only major currency that gained against the greenback.  Brent was less than a quarter of a dollar firmer, so the likelihood of the central bank raising rates later this month offers a more compelling explanation.  The Australian dollar was the weakest, even though the Reserve Bank of Australia signaled it would proceed with plans...

Overview: Yesterday’s retreat in US indices was part of and helped further this bout of profit-taking. The MSCI Asia Pacific Index ended an eight-day advance yesterday and fell further today. Japanese indices, which had set multiyear highs, fell for the first time in nine sessions. Hong Kong led the regional slide with a 2.3% decline as China’s crackdown on the gaming industry continued. Some companies in this space were reportedly to enforce the limits on minors,...

Overview:  The US dollar continues to pare its recent losses and is firm against most major currencies in what has the feel of a risk-off day.  The other funding currencies, yen and Swiss franc, are steady, while the euro is heavy but holding up better than the Scandis and dollar-bloc currencies.  Emerging market currencies are also lower, and the JP Morgan EM FX index is off for the third consecutive session.  The Chinese yuan’s insignificant gain of less than...

[unable to retrieve full-text content]Overview: After an ugly week, market participants have returned with strong risk appetites.  Equities are rebounding, and the greenback is paring recent gains.  Bond yields are firm, as are commodities.  Asia Pacific equities got the ball rolling with more than 1% gains in several large markets, including Japan, China, Hong Kong, and Taiwan. 

Overview:  The dollar is consolidating yesterday's advance and is confined to fairly narrow ranges in quiet turnover.  Most of the major currencies are within 0.1% of yesterday's close near midday in Europe. The $1.1700-level held in the euro.  Most emerging market currencies have edged a little higher.  Despite the largest fall in the US NASDAQ in three weeks and the largest fall in the S&P 500 in a month, the MSCI Asia Pacific Index rose for the first time in...

Swiss Franc The Euro has fallen by 0.20% to 1.072 EUR/CHF and USD/CHF, August 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Concern about the economic impact of the virus and new efforts by China to curb “unfair” competition among online companies has triggered a dramatic response by investors. A lockdown in New Zealand and the Reserve Bank of Australia signaling it will respond if the economic fallout...

Profit-taking on long dollar positions was seen ahead of the weekend.  The yield on the December 2022 Eurodollar futures slipped to finish unchanged on the week that saw CPI and PPI reports. The preliminary University of Michigan's consumer confidence measure tumbled to its lowest level since 2011 as the delta variant flares, leading to new social restrictions and delays in the return to work in the US for many. The market appears to have fully discounted a Fed hike...