Swiss Franc The Euro has risen by 0.35% to 1.0912 EUR/CHF and USD/CHF, October 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The 1.5% drop in the S&P 500 and the deterioration of US-China relations and the prospects of a no-deal Brexit failed did not carry over much into today’s activity. Asia Pacific equities were mostly a little lower, though China and India bucked the regional trend, while Korea was...
Read More »FX Daily, October 8: Not a Good Day for Negotiators
Swiss Franc The Euro has fallen by 0.27% to 1.0881 EUR/CHF and USD/CHF, October 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The re-opening of Chinese markets after a long holiday did not produce the volatility that many expected. Chinese stocks alongside most Asia markets traded higher today, and the yuan advanced. After opening higher and extending its recent rally, Europe’s Dow Jones Stoxx 600 turned...
Read More »FX Daily, October 7: Markets Unsettled to Start the Week
Swiss Franc The Euro has risen by 0.05% to 1.0926 EUR/CHF and USD/CHF, October 7(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets are uneasy as the risks that have dominated investors’ concerns–trade and Brexit–remain front and center today. Expectations are low that this week’s talks between the US and China will lead to a breakthrough or will be sufficient to postpone further the next...
Read More »FX Daily, October 4: The US Jobs Data to Close a Sobering Week
Swiss Franc The Euro has fallen by 0.37% to 1.0913 EUR/CHF and USD/CHF, October 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The recovery of US shares yesterday signaled today’s fragile stability. Gains in Japan, Australia, and Taiwan blunted the losses elsewhere in the region, including a 1% slide in Hong Kong. The MSCI Asia Pacific Index fell for the third week. China’s markets have been closed since...
Read More »FX Daily, October 3: Shades of Q4 18?
Swiss Franc The Euro has risen by 0.34% to 1.0959 EUR/CHF and USD/CHF, October 3(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Disappointing economic data again drove US equities lower, which in turn carried into Asia Pacific activity. Losses were recorded throughout the region, with the notable exception of Hong Kong. The Nikkei and Australia’s ASX were off by 2%. After its largest losing session of the year...
Read More »FX Daily, October 2: Greenback Shows Resiliency, Stocks Don’t
Swiss Franc The Euro has risen by 0.66% to 1.0928 EUR/CHF and USD/CHF, October 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Shockingly poor ISM data sent shivers through the market on Tuesday and hand the S&P 500 its biggest loss in five weeks and took the shine off the greenback. The S&P 500 reached a five-day high before reversing course and cast a pall over today’s activity. All the markets were...
Read More »FX Daily, October 1: Dollar Jumps to Start New Quarter
Swiss Franc The Euro has risen by 0.17% to 1.0893 EUR/CHF and USD/CHF, October 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is rising against nearly every currency today as global growth concerns deepen. Japan’s Tankan Survey showed large manufacturers confidence is a six-year low. The Reserve Bank of Australia cut 25 bp as widely expected and kept the door open for more. The final EMU PMI...
Read More »FX Weekly Preview: Forces of Movement at the Start of Q4 19
United States The world’s largest economy appears to have grown by about 2% in Q3 at an annualized pace, the same as in Q2, and in line with what many Fed officials understand to be trend growth. The strength of the US labor market underpins consumption, the powerful engine of the US economy. The latest readings of both the labor market and consumption will highlight the economic data in the week ahead. The strength of the recent housing data (starts and sales)...
Read More »FX Daily, September 27: Markets Limp into the Weekend with the Euro Languishing at New Lows and Sterling under Pressure
Swiss Franc The Euro has risen by 0.01% to 1.0851 EUR/CHF and USD/CHF, September 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities remain under pressures. The MSCI Asia Pacific Index lower today, though Chinese and Australian shares were firmer. It is the second consecutive week the benchmark has fallen. European equities are firmer, but not enough to offset the losses earlier this week and are set to...
Read More »FX Daily, September 25: Risk Appetite Stymied: Dollar Recovers while Stocks Slide
Swiss Franc The Euro has fallen by 0.13% to 1.0842 EUR/CHF and USD/CHF, September 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities and fixed income reacted to the large moves yesterday in the US when the 10-year note yield fell eight basis points, and the S&P 500 fell by 0.85%. Investors have focused on three separate developments and two of which came from President Trump’s speech at the...
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