Swiss Franc The EUR/CHF improved today. The OPEC-non-OPEC agreement was the reason. Always when oil gets more expensive, the euro, gold, CHF and the whole “Asian bloc” rises against dollar and yen. Still it was astonishing that the euro improved more against USD than the inflation hedge CHF. Reason might be that investors now consider the ECB the most dovish central bank. Higher oil prices, however, may lead to more...
Read More »FX Daily, December 12: Dollar and Yen Trade Lower to Start the Week
Swiss Franc The EUR/CHF improved today. The OPEC-non-OPEC agreement was the reason. Always when oil gets more expensive, the euro, gold, CHF and the whole “Asian bloc” rises against dollar and yen. Still it was astonishing that the euro improved more against USD than the inflation hedge CHF. Reason might be that investors now consider the ECB the most dovish central bank. Higher oil prices, however, may lead to more...
Read More »FX Daily, December 07: Greenback is Broadly Steady While Sterling Slides
Swiss Franc EUR/CHF - Euro Swiss Franc, December 07(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge The pound has seen a very marked turnaround against the Swiss Franc with almost 8 cents gained in the last few weeks. GBP/CHF appears to have 1.30 in its sights and at this pace it should be there in record time. This week sees a number of political events which are playing out into the...
Read More »FX Daily, December 06: You Can Almost Hear a Pin Drop
Swiss Franc EUR/CHF - Euro Swiss Franc, December 06(see more posts on EUR/CHF - Euro Swiss Franc, ) - Click to enlarge FX Rates The foreign exchange market is quiet. Ranges are narrow, with the US dollar mostly consolidating against the major currencies. Given the push lower yesterday, the shallowness of its recovery warns of the greenback’s downside correction after strong gains last month may not be...
Read More »FX Daily, December 05: Dollar Comes Back Bid, but Still Vulnerable to Corrective Pressures
Swiss Franc EUR/CHF - Euro Swiss Franc, December 05(see more posts on EUR/CHF, ). - Click to enlarge FX Rates After softening ahead of the weekend, the US dollar has begun the new week on a firm note. It is gaining against most major and emerging market currencies. Outside of what appears to be a staged call between US President Elect Trump and the Taiwanese President, the developments in Europe grabbed the...
Read More »FX Weekly Preview: Focus Shifts toward Europe
Summary: US developments have driven the dollar rally and bond market decline over the past three weeks. Attention shifts to European politics and the ECB meeting. Bank of Canada and the Reserve Bank of Australia meet but are unlikely to change policy. United States There were significant moves in interest rates and currencies last month. The drama was primarily spurred by the solidification of expectations...
Read More »FX Daily, November 30: Renewed OPEC Hopes and Month End Featured
Swiss Franc EUR/CHF - Euro Swiss Franc, November 30(see more posts on EUR/CHF, ). - Click to enlarge Rates for buying Swiss Francs dollars remain incredibly subdued post Brexit but there has been a general improvement over the last month. Rates for the moment appear to have found support over 1.24 for GBP CHF and this has largely come about following the Trump US presidential election victory. Despite a leaked...
Read More »FX Daily, November 30: Renewed OPEC Hopes and Month End Featured
Swiss Franc EUR/CHF - Euro Swiss Franc, November 30(see more posts on EUR/CHF, ). - Click to enlarge Rates for buying Swiss Francs dollars remain incredibly subdued post Brexit but there has been a general improvement over the last month. Rates for the moment appear to have found support over 1.24 for GBP CHF and this has largely come about following the Trump US presidential election victory. Despite a leaked...
Read More »FX Daily, November 28: Corrective Forces Seen in Asia, Subside in Europe
Swiss Franc EUR/CHF - Euro Swiss Franc, November 28(see more posts on EUR/CHF, ). - Click to enlarge FX Rates As soon as markets opened in Asia, the greenback was sold, and corrective forces that had been nipping below the surface took hold. The euro, which had finished last week below $1.0590, rallied nearly a cent. Before the weekend, the greenback had pushed to almost JPY114, an eight-month high, before...
Read More »FX Daily, November 18: Revaluation of the Dollar Continues
Swiss Franc EUR/CHF - Euro Swiss Franc, November 18(see more posts on EUR/CHF, ). - Click to enlarge FX Rates Since the US election, the dollar has been on a tear. Pullbacks have been brief and shallow. There are powerful trends in place. The euro has fallen nearly five percent over the past ten sessions, during which it is not closed higher once. The dollar rose four days this week against the yen and four days...
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