Tag Archives: AUD

Summary: The US and Australian two-year interest rates have diverged. There is scope for a further widening of the spread. Directionally the correlation between the exchange rate and the rate differentials is strong, but not stable. Near-term technicals are supportive but the move above trendline resistance is needed to confirm. The steady increase in the US two-year yield while the market unwinds rate hike...

Swiss Franc The Euro has risen by 0.10% to 1.1687 CHF. EUR/CHF and USD/CHF, November 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is consolidating its recent losses with a small upside bias. What promises to be an eventful week has begun with the Bank of England stress test and the publication of the Fed’s Powell prepared remarks for his confirmation...

Swiss Franc The Euro has fallen by 0.32% to 1.1599 CHF. EUR/CHF and USD/CHF, November 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Global equities are on the march. US indices shrugged off their first back-to-back weekly decline in three months to set new record highs yesterday. The MSCI Asia-Pacific followed suit and recorded their highest close. The Dow Jones...

Swiss Franc The Euro has risen by 0.25% to 1.1679 CHF. EUR/CHF and USD/CHF, November 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After rising to its best level since October 20, the euro reversed direction yesterday and has extended its pullback today. The unexpected tick up in US core CPI and better than expected retail sales may have helped spur the euro losses...

Swiss Franc The Euro has fallen by 0.07% to 1.1661 CHF. EUR/CHF and USD/CHF, November 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The euro and yen are extending their gains, casting a pall over the US dollar. The euro is extending its advance into a sixth consecutive session, which is the longest streak since May. It is approaching last month’s highs in the...

Swiss Franc The Euro has fallen by 0.03% to 1.1607 CHF. EUR/CHF and USD/CHF, November 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has begun the new week on firm footing, without the help of either higher interest rates or increased confidence that Congress will agree on a tax plan. Indeed, over the weekend the Chair of the House Ways and Means...

Summary: Quiet week ahead. RBA and RBNZ policy meetings; no change is expected. US tax reform and the newest Fed governor, Quarles speaks. Q3 data renders September data too old to matter much. United Kingdom The week ahead does not have nearly the event risk of last week. It is difficult to compete with a BOE rate hike that spurred the largest sterling decline in five months, the nomination of a new Fed...

Swiss Franc The Euro has fallen by 0.13% to 1.1631 CHF. EUR/CHF and USD/CHF, November 03(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is firm but is not going anywhere quickly. The lack of fresh interest rate support and uncertainty over the US tax proposals, which the Brady, the Chair of the House Ways and Means Committee hopes to have a revised version...

Swiss Franc The Euro has fallen by 0.11% to 1.164 CHF. EUR/CHF and USD/CHF, November 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates We suggested the market was at crossroads. It is still not clear if the dollar’s breakout, supported by higher yields is real or simply the fraying of ranges. Asia has pushed the dollar  broadly lower. While the greenback finished the North...

Swiss Franc The Euro has risen by 0.32% to 1.1689 CHF. EUR/CHF and USD/CHF, October 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Most participants seemed comfortable marking time ahead of tomorrow’s ECB meeting, and an announcement President Trump’s nominations to the Federal Reserve. However, softer than expected Australian Q3 CPI and a stronger than expected UK Q3...