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Tag Archives: AUD

FX Daily, November 23: Friday

Swiss Franc The Euro has fallen by 0.27% at 1.1311 EUR/CHF and USD/CHF, November 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is firmer against most of the major currencies. Japanese and Indian markets were closed for holidays and a weaker than expected flash EMU PMI helped keep the euro pinned near this week’s lows. Although the EU seemed...

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FX Daily, November 21: A Semblance of Stability Returns

Swiss Franc The Euro has risen by 0.26% at 1.134 EUR/CHF and USD/CHF, November 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Yesterday’s frenzy has burnt itself out for the moment. Equities began recovering in Asia after early losses. China, including Hong Kong, Singapore, and Thailand closed higher and European markets are recouping some of yesterday’s...

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FX Daily, November 20: Equity Slide Continues

Swiss Franc The Euro has fallen by 0.50% at 1.132 EUR/CHF and USD/CHF, November 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Yesterday’s 3% drop in the NASDAQ is setting the tone for today. The US stock market advance had been led by a narrow group of equities, and those have come under strong pressure amid slower consumer demand and stricter export control....

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Cheat Sheet

A distillation of the macro backdrop and important price considerations for selected currencies. US Dollar The market always has taken the Fed’s forecast for three rate hikes next year with a large dose of skepticism. The fed funds futures strip implies growing expectations that the Fed pauses after a hike in December and Q1 19. It is still unclear the direction of fiscal policy next year. It may be difficult for the...

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FX Daily, November 19: Does Monday’s Calm mean a Storm is Around the Corner?

Swiss Franc The Euro has fallen by 0.32% at 1.1378 EUR/CHF and USD/CHF, November 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is an uneasy calm in the global capital markets. Investors are digesting the weekend news, which includes the failure of APEC to issue a joint statement due to US-China tensions that we highlighted by dueling speeches by China...

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FX Daily, November 16: Turning Brexit into a Dog’s Breakfast

Swiss Franc The Euro has risen by 0.17% at 1.1422 EUR/CHF and USD/CHF, November 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It is the height of irony or tragedy that what was offered as a non-binding referendum on UK’s membership in the European Union to bring the country, or at least the Tory Party, together is the most destabilizing event since the UK...

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FX Daily, November 15: UK Political Drama Roils Sterling

Swiss Franc The Euro has fallen by 0.16% at 1.1353 EUR/CHF and USD/CHF, November 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The resignation of the UK’s Brexit negotiator after Prime Minister May had secured support from a majority of the cabinet sent sterling sharply lower. Raab’s resignation underscores the difficulty the Brexit agreement faces in the UK...

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FX Daily, November 13: Weak Turn-Around Tuesday

Swiss Franc The Euro has risen by 0.28% at 1.137 EUR/CHF and USD/CHF, November 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar has a heavier bias against most of the major and emerging markets currencies, but the pullback is shallow, and the greenback’s underlying strength is still evident. Asian equities were mixed. Concern that Apple may be...

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FX Daily, November 07: Equities and Bonds Jump While the Dollar Slumps

Swiss Franc The Euro has risen by 0.03% at 1.1455 EUR/CHF and USD/CHF, November 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dollar has fallen against nearly every currency. It had been moving lower at the start of the week, but what seems like a correction broadened and deepened following the US midterm election. The outcome was largely in line with...

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FX Daily, November 6: US Goes to the Polls

Swiss Franc The Euro has fallen by 0.04% at 1.1452 Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is narrowly mixed against the major currencies today, largely consolidating its recent losses. Equities are mixed.  In Asia, Japan, Australia, and Hong Kong equities gained around 1%, while most other bourses were softer. In Europe, the Dow Jones Stoxx 600 is little changed in late morning...

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