Swiss Franc The Euro has risen by 0.19% to 1.0814 EUR/CHF and USD/CHF, November 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities are finishing the week on a firm tone, while the US dollar remains heavy. In the Asia Pacific, only Australia and India did not end the week on a firm note. The MSCI Asia Pacific completed its fourth consecutive weekly gain, for around a 13% gain. Europe’s Dow Jones Stoxx...
Read More »FX Daily, November 25: Risk Appetites Stall Ahead of the US Thanksgiving Holiday
Swiss Franc The Euro is stable by 0.00% to 1.0833 EUR/CHF and USD/CHF, November 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global equity rally appears to be stalling after the US markets rallied strongly yesterday. Chinese, Taiwan, Korean, and Indian indices fell, and the MSCI Asia Pacific Index appears to have posted only its second loss this month. European shares are narrowly mixed, leaving the...
Read More »FX Daily, November 24: Diverging PMIs Fail to Give the Dollar Lasting Support
Swiss Franc The Euro has risen by 0.04% to 1.0808 EUR/CHF and USD/CHF, November 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The contrast between the eurozone and US preliminary PMI readings caught the short-term market leaning the wrong way, and the dollar snapped back after extending its recent losses. However, today the US dollar is back on its heels and returning to yesterday’s lows against most major...
Read More »FX Daily, November 20: US Treasury-Fed Dispute Spurs Handwringing but Immediate Market Impact was Exaggerated
Swiss Franc The Euro has fallen by 0.14% to 1.080 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: News that the stimulus talks between the House Democrats and Senate Republicans was the excuse traders were looking for to extend the US equity gains yesterday, but shortly after the close, confirmation that Treasury was not going to agree to extend several Fed facilities sent stocks...
Read More »FX Daily, November 19: Surging Virus Saps Risk Appetites
Swiss Franc The Euro is stable by 0.00% to 1.0796 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: News that the New York City was closing the schools to contain the virus sent stocks reeling in late North American dealings yesterday and spurred some profit-taking in the Asia Pacific and Europe. Equities in the Asia Pacific region were mostly lower, though China, South Korea, and...
Read More »FX Daily, November 17: Greenback Remains Under Pressure
Swiss Franc The Euro has fallen by 0.15% to 1.0802 EUR/CHF and USD/CHF, November 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Moderna’s announcement did not spur nearly the magnitude of the disruption caused by Pfizer’s similar announcement a week ago. Still, in the US, the NASDAQ underperformed the other indices, and the US Dow Industrials saw record highs. US yields were firm, and the 10-yield rose...
Read More »FX Daily, November 16: Risk-On Despite Surging Pandemic
Swiss Franc The Euro has risen by 0.04% to 1.0799 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: Despite the surging pandemic and new restriction measure, risk-appetites appear strong to start the week. Led by 2% gains in the Nikkei and Taiwan’s Taiex, all of the Asia Pacific region’s equity markets advanced. European markets have followed suit and the Dow Jones Stoxx 600 is...
Read More »FX Daily, October 26: Troubling Start of the Important Week
Swiss Franc The Euro has fallen by 0.05% to 1.0717 EUR/CHF and USD/CHF, October 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The surging virus ravaging large parts of Europe and the United States is fanning concerns over the economic implications as new social restrictions and curfews are announced in several countries. US additional fiscal support remains elusive as aid for states and local governments...
Read More »FX Daily, October 22: Greenback Stabilizes
Swiss Franc The Euro has fallen by 0.11% to 1.0723 EUR/CHF and USD/CHF, October 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Two sets of talks have riveted attention, and both appeared to have made progress yesterday. After some words, the EC, recognizing the importance of UK sovereignty, UK Prime Minister Johnson signaled a resumption of trade talks. In the US, Pelosi and Mnuchin appear to be on the...
Read More »FX Daily, October 21: Dollar Slumps as Yields Rise
Swiss Franc The Euro is stable by 0.00% to 1.072 EUR/CHF and USD/CHF, October 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dollar is falling against most of the world’s currencies today, even as long-term yields rise to the most in four months and drags global yields higher. The US 10-year yield is pushing above 0.80%, and the 30-year is above 1.60%. Many are linking the backup in yields to prospects...
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