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Tag Archives: AUD

FX Daily, May 07: Greenback Starts Week on Firm Note

Swiss Franc The Euro has risen by 0.08% to 1.1959 CHF. EUR/CHF and USD/CHF, May 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar recovered from a softer tone in early Asia and is higher against nearly all the major and emerging market currencies as North American market prepare to start the new week. The news stream is light and investors remain on edge...

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FX Daily, May 04: US Jobs-Not the Driver it Once Was

The US dollar fell last month in response to the disappointing non-farm payroll report. However, in general, the jobs report is not the market mover that it was in the past. With unemployment is at cyclical lows of 4.1% and poised to fall further. Weekly jobless claims and continuing claims at or near lows in a generation, though over qualification is more difficult than previously. The monthly net job creation is a...

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FX Daily, May 03: Respite to Dollar Short Squeeze

Swiss Franc The Euro has fallen by 0.03% to 1.1944 CHF. EUR/CHF and USD/CHF, May 03(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Australian dollar is higher for a second session. It has been helped today by stronger than expected data in the form of a larger than expected March trade surplus (A$1.57 bln vs. expectations for A$865 mln) and building permits up...

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FX Daily, May 02: Confident Fed Key to New Found Respect for the Dollar

Swiss Franc The Euro has fallen by 0.03% to 1.1944 CHF. EUR/CHF and USD/CHF, May 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates There is a brief respite in the powerful short squeeze that has fueled the dollar’s dramatic recovery. The greenback which was nearly friendless a month ago now has many suitors. It is higher on the year against all the major currencies but...

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FX Daily, May 01: Little Help on May Day

Most of the world’s financial centers are closed for the May Day holiday, but the lack of participation has not prevented the extension of the US dollar’s recovery.  The Dollar Index has traded above its 200-day moving average for the first time in a year.  No new catalyst has emerged.  The widening interest rate differential in the dollar’s favor over Germany, for example, is unprecedented.  Just like Fed officials can...

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FX Daily, April 24: Stalled US Rates Steal Greenback’s Thunder

Swiss Franc The Euro has fallen by 0.23% to 1.1944 CHF. EUR/CHF and USD/CHF, April 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge GBP/CHF The pound to Swiss Franc rate has traded in a fairly tight range this week as a lack of any new fresh information to drive financial markets so far. A major driver for the Franc has been risk-sentiment as investors attitudes to risk shape...

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Great Graphic: Aussie Tests Trendline

It is not that the Australian dollar is the weakest currency this month. Its 0.4% decline puts it among the better performers against the US dollar. However, it has fallen to a new low for the year today. The losses have carried to a trendline drawn off of the early 2016 low near $0.6800. The trendline has been drawn on this Great Graphic composed on Bloomberg. It is found today near $0.7625 and rises by about seven...

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FX Daily, April 23: Rising Rates Help Extend Dollar Gains

Swiss Franc The Euro has fallen by 0.23% to 1.1944 CHF. EUR/CHF and USD/CHF, April 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The new week has begun much like last week ended, with rising rates helping to extend the dollar’s recent gains. The US 10-year yield is flirting with the 3.0% threshold. The two-year yield is firmer, and, like in the second half of last...

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FX Daily, April 20: The Greenback is Alive

Swiss Franc The Euro has fallen by 0.24% to 1.1961 CHF. EUR/CHF and USD/CHF, April 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is set to finish the week on a firm note. It reflects rising US yields, where the 10-year is above 2.90% for the first time since February and the widening two-year different between the US and Germany, which is holding just...

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FX Daily, April 19: Markets Calm But Lack Immediate Focus

Swiss Franc The Euro has fallen by 0.11% to 1.1968 CHF. EUR/CHF and USD/CHF, April 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates A light news stream and less trade rhetoric lend the equity markets a positive impulse amid a strong US earnings season while leaving the dollar narrowly mixed. The MSCI Asia Pacific Index rose 0.5% and is up 1% for the week with one...

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