Tag Archives: Brexit

Swiss Franc The Euro has risen by 0.15% to 1.082 EUR/CHF and USD/CHF, February 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are snapping back today, while the greenback retained the strength seen last week that was attributed to safe-haven flows. The MSCI Asia Pacific Index snapped a four-day decline led by Hong Kong, South Korea, India, and Indonesia. Europe’s Dow Jones Stoxx is up around...

These days, most mainstream news reports are being monopolized by the pandemic, the covid vaccine and all the new rules and lockdowns that are being enforced across the Western world, and this near-obsessive focus comes at the expense of a lot other important developments. The last story that managed to “dethrone” covid from the headlines was the US Presidential election, and even that reporting was largely through the prism of the pandemic. And yet, the earth hasn’t actually stopped...

Swiss Franc The Euro has risen by 0.26% to 1.0789 EUR/CHF and USD/CHF, December 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 snapped a four-day downdraft helped by optimism over the progress toward fiscal stimulus and some hope that a new trade deal can still be negotiated between the UK and EU. Europe reported better than expected PMIs. Equities are broadly higher, as are interest rates,...

I had the privilege to join Sri Jegarajah at CNBC Asia at the start of today’s Asia Pacific session.  We had a broad chat about the dollar, Brexit, and the euro. He gave me the opportunity to sketch out my views: The dollar’s entered a cyclical decline, and the “twin deficit” issue will likely frame the narrative. Many observers do not use that particular phrase now, but their arguments seem to rest on one if not both of the legs. Sterling gains appear to be more...

Swiss Franc The Euro has risen by 0.06% to 1.0776 EUR/CHF and USD/CHF, December 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The fact that the UK and EU negotiators are still talking is seen as a constructive development and has spurred a sharp bounce in sterling. It traded below $1.3150 before the weekend and is pushing above $1.3400 in the European morning. It is part of the larger risk-on move lifting...

Swiss Franc The Euro has risen by 0.21% to 1.0773 EUR/CHF and USD/CHF, December 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The odds of a UK-EU agreement and new stimulus before year-end in the US have faded and are sapping risk appetites ahead of the weekend. Although most Asia Pacific equity markets gained, China and Australia were notable exceptions, European shares are heavy, and the Dow Jones Stoxx...

Swiss Franc The Euro has risen by 0.13% to 1.0756 EUR/CHF and USD/CHF, December 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US threats to break-up Facebook and the stalled stimulus talks spurred profit-taking in US shares yesterday and is dampening enthusiasm today. The MSCI Asia Pacific Index fell for the third time this week, and Europe’s Dow Jones Stoxx 600 is little changed. US shares are trading with...

Swiss Franc The Euro has fallen by 0.05% to 1.0753 EUR/CHF and USD/CHF, December 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The market is hopeful today. The Johnson-von der Leyen dinner is seen as evidence that both sides see one more opportunity, and sterling is among the strongest currencies today. Hopes of a $900 bln+ fiscal stimulus package in the US helped stir animal spirits and lift US stocks to...

Swiss Franc The Euro has fallen by 0.39% to 1.0817 EUR/CHF and USD/CHF, December 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  The selling pressure that drove the dollar lower yesterday has abated, and the greenback is paring yesterday’s loss, though the dollar-bloc currencies are showing some resilience.  EC negotiator Barnier briefed ministers that the same three issues that have bedeviled the trade talks...

Swiss Franc The Euro has fallen by 0.06% to 1.0837 EUR/CHF and USD/CHF, December 1 (see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  The near-record rallies seen in the major equity markets in November may have contributed to the month-end drama yesterday.  There has been no follow-through activity.   Stocks bounced back, and the US dollar is heavy, with few exceptions.  In the Asia Pacific region, all the...