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Tag Archives: Bank of England

FX Daily, February 4: Negative Rates and the Bank of England: Having Your Cake and Eating it Too

Swiss Franc The Euro has risen by 0.01% to 1.0817 EUR/CHF and USD/CHF, February 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The euro has been sold through $1.20 for the first time since December 1 and has now given back roughly half of the gains scored from the US election (~$1.16) to the early January high (~$.1.2350). More broadly, the greenback is bid against most of the major currencies, with the...

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FX Daily, December 17: Dollar Thumped

Swiss Franc The Euro has risen by 0.22% to 1.0824 . FX Rates Overview: The prospects of a UK-EU deal and US stimulus continue to underwrite risk appetites and weigh on the dollar. Equity markets are moving higher. Led by Australia and China, the MSCI Asia Pacific Index rose to new record highs, while Dow Jones Stoxx 600 in Europe is at its best level since February. US shares are also trading higher. Bond markets are quiet, with European yields paring yesterday’s...

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FX Daily, November 5: The Dollar Slides and the Yuan Jumps

Swiss Franc The Euro has risen by 0.22% to 1.0719 EUR/CHF and USD/CHF, November 5(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The markets did not wait for the final vote count and took stocks and bonds higher while pushing the greenback lower. While it appears Biden will be the next US President, investors seemed to like the fact that his agenda will be checked by a Senate that may remain in Republican...

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FX Daily, September 17: Powell Lets Steam Out of Equities and Spurs Dollar Short-Covering

Swiss Franc The Euro has risen by 0.02% to 1.0743 EUR/CHF and USD/CHF, September 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Profit-taking after the FOMC meeting saw US equities and gold sell-off. The high degree of uncertainty without fresh stimulus did not win investors’ confidence. The Fed signaled rates would likely not be hiked for the next three years, and without additional measures, that appears...

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FX Daily, June 22: Dollar Begins Week on Back Foot

Swiss Franc The Euro has risen by 0.12% to 1.0664 EUR/CHF and USD/CHF, June 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors begin the new week, perhaps slowed a bit by the weekend developments and the growth of new infections. Equities are mixed. The MSCI Asia Pacific Index snapped a four-day advance, though India bucked the regional trend and gained 1%. Europe’s Dow Jones Stoxx 600 is recovering...

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FX Daily, June 16: Correction Scenario Tested

Swiss Franc The Euro has fallen by 0.39% to 1.0704 EUR/CHF and USD/CHF, June 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Shortly after the US stock market opened sharply lower, the Federal Reserve announced that it’s Main Street facility was up and running. US stocks never looked back. After the S&P 500 recouped its full decline, the Fed announced it would begin buying corporate bonds. Up until now,...

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FX Daily, June 12: Licking Yesterday’s Wounds Today

Swiss Franc The Euro has risen by 0.32% to 1.0698 EUR/CHF and USD/CHF, June 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The nearly three-month rally in risk assets ended with high drama with a stomach-churning almost 6% slide in the S&P 500 yesterday. Follow-through selling was seen in the Asia Pacific region, but most markets recovered from their lows, and although losses were still recorded, the...

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FX Daily, May 18: Yuan Slumps as US-Chinese Tensions Rise

Swiss Franc The Euro has risen by 0.18% to 1.0525 EUR/CHF and USD/CHF, May 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Despite somber warnings that the US economic recovery can stretch to the end of next year, investors have begun the new week by taking on new risks. Most equity markets in the Asia Pacific region rose, with Australia leading the large bourses with a 1% gain. India was an outlier,...

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FX Daily, May 14: Risk Appetites Wane

Swiss Franc The Euro has fallen by 0.08% to 1.0504 EUR/CHF and USD/CHF, May 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Risk appetites have been gradually waning this week. US equity losses mounted yesterday after Tuesday’s late sell-off. Asia Pacific equities were off, with many seeing at least 1.5% drops. Europe’s Dow Jones Stoxx 600 is off a little more to double this week’s decline and leaves it in a...

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FX Daily, March 26: Rumor Bought, Fact Sold

Swiss Franc The Euro has fallen by 0.03% to 1.0623 EUR/CHF and USD/CHF, March 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Speculation that the US Senate would pass the large stimulus bill worth around 10% of US GDP is thought to have fueled a bounce in equities in recent days. The bill was approved and will now go to the House, where a vote is expected tomorrow. If the rumor was bought, the fact has been...

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