Swiss Franc The Euro has fallen by 0.03% to 1.0959 EUR/CHF and USD/CHF, June 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Fear that the new mutation of the covid virus will slow the global recovery has sent ripples across the global capital markets. The foreign exchange market has the clearest reaction, and the dollar is bid. The dollar-bloc and Norwegian krone lead the currencies lower, while the yen is...
Read More »FX Daily, June 28: European Political Drama Kicks off Big Economic Week
Swiss Franc The Euro has risen by 0.18% to 1.096 EUR/CHF and USD/CHF, June 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets are off to a quiet start of what promises to be a busy week. Quarter and month-end adjustments, Japan’s Tankan survey, the eurozone’s preliminary June CPI, the US employment report, and an OPEC+ meeting are featured. The MSCI Asia Pacific Index was little...
Read More »FX Daily, June 25: Tokyo Escapes Deflation, Leaving the Greenback Trapped between Two Expiring Options against the Yen
[unable to retrieve full-text content]New record highs in the S&P 500 and NASDAQ yesterday helped lift most Asia Pacific markets today. China and Hong Kong led the regional gains and were sufficient to lift the MSCI regional benchmark to halt a two-week drop.
Read More »FX Daily, June 24: Did the PBOC Signal it is Content with the Yuan’s Pullback?
Swiss Franc The Euro has risen by 0.06% to 1.0962 EUR/CHF and USD/CHF, June 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is trading slightly lower against most of the major and emerging market currencies. The Scandis are leading the major currencies, while the Russian ruble leads the central and eastern European currencies higher. Emerging market currencies mostly firmer, though the...
Read More »FX Daily, June 23: Japan Retains Distinction of being the only G7 Country with Sub-50 PMI Composite
Swiss Franc The Euro has fallen by 0.01% to 1.0956 EUR/CHF and USD/CHF, June 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Federal Reserve officials, lead by Chair Powell, pushed gently against the more hawkish interpretations of last week’s FOMC meeting. Tapering not a rate hike was the focus of discussions. Powell reiterated that price pressures would prove transitory and would ease after the re-opening...
Read More »FX Daily, June 22: Turn Around Tuesday or Dollar Rally Resumes?
Swiss Franc The Euro has risen by 0.10% to 1.0944 EUR/CHF and USD/CHF, June 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Firming long-term US yields have lent the dollar support after trading heavily yesterday. The greenback is around 0.15%-0.50% higher against the major currencies. The Japanese yen and Canadian dollar are among the more resilient, and the Australian dollar and sterling among the...
Read More »FX Daily, June 21: Dollar Surge Stalls
[unable to retrieve full-text content]Pressure on equities seen last week carried over into Asia and Europe today. The MSCI Asia Pacific Index fell for the fourth consecutive session, led by more than a 3% decline in the Nikkei. Australia, Taiwan, and Hong Kong bourses fell by more than 1%. European equities opened lower, but have turned higher.
Read More »FX Daily, June 18: Markets Quiet Ahead of Triple Witching
Swiss Franc The Euro has risen by 0.14% to 1.0936 EUR/CHF and USD/CHF, June 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After some dramatic moves over in the immediate post-Fed period, the markets have quieted. The kind of volatility that is sometimes associated with triple witching expirations in the US may have already taken place. Asia Pacific equities were mixed, but the MSCI benchmark finished with...
Read More »FX Daily, June 17: Fed Rocks the World
Swiss Franc The Euro has risen by 0.13% to 1.0911 EUR/CHF and USD/CHF, June 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A more hawkish than expected Federal Reserve sent the US dollar and interest rates higher and spurred an equity sell-off. The knock-on effect sent ripples through the capital markets today. Most equity markets in the Asia Pacific region fell. China, Hong Kong, and Taiwan were notable...
Read More »FX Daily, June 11: US Yields Stabilize After Falling to Three-Month Lows
Swiss Franc The Euro has fallen by 0.04% to 1.0879 EUR/CHF and USD/CHF, June 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The 10-year US Treasury yield steadied after reaching a three-month low near 1.43%, despite the US CPI rising more than expected to 5% year-over-year. On the week, the decline of around a dozen basis points would be the largest in a year. Australia, New Zealand, and Italy benchmark...
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