Swiss Franc Click to enlarge. FX Rates The US dollar is consolidating yesterday’s losses. The greenback’s upticks have thus far been shallow and unimpressive, except perhaps against the New Zealand dollar, which is off 0.8% ahead of next week’s RBNZ meeting. Softer than expected labor cost increase reinforces the conviction that a 25 bp rate cut will be delivered next week. The asset markets are more...
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Swiss Franc Click to enlarge. FX Rates What promises to be a busy week has begun off slowly. The US dollar has been largely confined to its pre-weekend ranges against most of the major currencies. Equity markets are mostly firmer following the new record highs on Wall Street. The MSCI Asia Pacific Index eked out a small gain (0.1%), with losses in Japan, Taiwan, and Singapore offsetting gains elsewhere. ...
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Swiss Franc Continuing risk appetite is positive for the euro (and certainly sterling).At this levels we do not see much SNB intervention. Click to enlarge. FX Rates The US dollar and the yen are trading heavy, while risk assets, including emerging markets, and the Turkish lira, have jumped. Sterling is the strongest of the majors. It is up about 0.5% (~$1.6365), helped by the opportunity of GBP23.4 bln foreign...
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