Swiss Franc EUR/CHF - Euro Swiss Franc, May 16(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Dollar selling pressure emerged at the end of last week, partly in response to disappointing US economic data. This selling pressure carried over into yesterday’s activity. It appeared to have been trying to stabilize yesterday in the North American session. News that President Trump may have shared...
Read More »FX Daily, May 12: Markets Becalmed Ahead of US data and Weekend
Swiss Franc EUR/CHF - Euro Swiss Franc, May 12(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The pound to Swiss Franc rate has broken 1.30 this week as sterling has risen and investors confidence over the outlook for politics in the Eurozone increased. The election of Emmanuel Macron has removed the uncertainty over the increase in Europe of right-wing parties which could have threatened the...
Read More »FX Daily, May 11: Canadian and New Zealand Dollars Get Whacked, While Greenback Consolidates
Swiss Franc Switzerland Consumer Price Index (CPI) YoY, April 2017(see more posts on Switzerland Consumer Price Index, ) Source: investing.com - Click to enlarge FX Rates The US dollar has been mostly confined to about a 30 pip range against the euro and yen in Asia and the European morning. Sterling is under a little pressure after a series of poor data, including larger than expected falls in manufacturing and...
Read More »FX Daily, May 10: Markets Adjust to North Korean Threat, Fifth Fall in US Oil Inventories and Trump Drama
Swiss Franc EUR/CHF - Euro Swiss Franc, May 10(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Investors absorbed a few developments that might have been disruptive for the markets with little fanfare. North Korea’s ambassador to the UK warned that his country would go ahead with its sixth nuclear test, as South Korea elected a new president who wants to reduce tensions on the peninsula. The Dollar...
Read More »FX Daily, May 09: Dollar Firms amid Position Adjustments
Swiss Franc EUR/CHF - Euro Swiss Franc, May 09(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The election of Macron as French President has set off a bout of position adjustment that has seen the euro push back into the $1.0850-$1.0950 range that had confined activity for the two weeks between the first and second rounds of the French presidential election. The euro fell a cent yesterday after...
Read More »FX Weekly Preview: Dollar Drivers
Summary: US retail sales and CPI should help bolster confidence that the Fed was right about the transitory nature of Q1 slowdown. Bank of England meets; Forbes will likely continue with her dissent, but likely failed to convince her other colleagues of the merit of an immediate rate hike. French politics are center stage, but German state election and South Korea’s national election are also important....
Read More »FX Daily, May 04: Greenback Struggles to Sustain Upticks, Though Odds of June Hike Rise
Swiss Franc EUR/CHF - Euro Swiss Franc, May 04(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is struggling to maintain even modest upticks against the euro and sterling despite the recognition of the increased likelihood of a June Fed hike. Bloomberg sees current pricing in the Fed funds as making a hike in June a near certainty (97.5%), while the CME and our own calculation...
Read More »FX Daily, May 03: Marking Time
Swiss Franc EUR/CHF - Euro Swiss Franc, May 03(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The global capital markets are relatively calm. Japan, South Korea, and Hong Kong markets are closed for national holidays. Investors await the FOMC statement, though expectations could not be much lower. The disappointing US auto sales, and poor Apple sales figures reported yesterday have had little impact...
Read More »FX Daily, May 02: Dollar and Yen Heavy, Equities Trade Higher and Bonds Lower
Swiss Franc EUR/CHF - Euro Swiss Franc, May 02(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is sporting a softer profile against most of the major and emerging market currencies. The Japanese yen is the main exception. The greenback is rising against the yen for the fourth session and the sixth of the past seven. The dollar’s gains against the yen coincide with the 10-12 bp recovery...
Read More »FX Daily, April 26: Dollar Stabilizes Ahead of Trump and ECB
Swiss Franc EURCHF - Euro Swiss Franc, April 26(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Last week Theresa May called a snap General election due to take place on 8th June. Historically a snap election has caused the currency in question to weaken, however on this occasion Sterling strengthened. It was a shrewd move by May to call an election while the competition is so weak. A conservative...
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