Swiss Franc The Euro has fallen by 0.34% to 1.068 EUR/CHF and USD/CHF, October 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Sickened by the surging virus, animal spirits are bed-ridden today. Several European countries are experiencing the most fatalities and illnesses in several months, and policymakers are responded with national restrictions. In 32 US states, hospitalizations have surged by over 10% in...
Read More »FX Daily, October 27: Markets Take Collective Breath and Beijing Tweaks Fixing Mechanism
Swiss Franc The Euro has risen by 0.12% to 1.0727 EUR/CHF and USD/CHF, October 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The surging pandemic sapped the risk-taking appetites as some investors hunker down for what could be a volatile period ahead. The S&P 500 lost nearly 3% at its lows before rebounding 1% in late dealings. However, the US’s fiscal stimulus remains highly likely even if not...
Read More »FX Daily, October 26: Troubling Start of the Important Week
Swiss Franc The Euro has fallen by 0.05% to 1.0717 EUR/CHF and USD/CHF, October 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The surging virus ravaging large parts of Europe and the United States is fanning concerns over the economic implications as new social restrictions and curfews are announced in several countries. US additional fiscal support remains elusive as aid for states and local governments...
Read More »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...
Read More »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...
Read More »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...
Read More »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...
Read More »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...
Read More »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...
Read More »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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