Swiss Franc The Euro has fallen by 0.13% at 1.1415 EUR/CHF and USD/CHF, November 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar’s gains scored in the wake of the Fed’s signal that will continue on course to gradually hike rates have been extended. Most emerging market currencies are lower as well. Equity markets are heavy. Bond yields in Europe...
Read More »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...
Read More »FX Daily, November 01: Dollar Slumps to Start New Month
Swiss Franc The Euro has risen by 0.18% at 1.1425 EUR/CHF and USD/CHF, November 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It appears that month-end considerations deterred the dollar selling that the technical indicators warned was coming and as the new month starts, the dollar is offered. It is weaker against all the major currencies and most of the...
Read More »Cheat Sheet
High-level distillation of the drivers of selected currencies. - Click to enlarge US Dollar Jobs data ahead of the weekend should recover after a storm depressed the September jobs growth. The base effect will allow earnings to show a strong year-over-year gain. The FOMC meets next week. A 25 bp rate hike in December remains the most likely scenario despite the heightened volatility in the stock market. With the...
Read More »FX Daily, October 31: No Fright on This Halloween
Swiss Franc The Euro has fallen by 0.19% at 1.1378 EUR/CHF and USD/CHF, October 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After sliding hard this month, equities continue to stabilize into month-end. All of the equity markets in Asia-Pacific rallied with the help of a solid close in the US. European bourses are higher too as the Dow Jones Stoxx 600...
Read More »FX Daily, October 29: Market Awaits US Leadership
Swiss Franc The Euro has risen by 0.08% at 1.1379 EUR/CHF and USD/CHF, October 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Dollar index is trading within last Friday’s trading ranges. The year’s high, set on August 15, was just shy of 97.00. The euro continues to straddle the $1.14 level but is spending more time in Europe below there. There is a 1.5 bln euro...
Read More »FX Daily, October 25: ECB Overshadowed by Equity Market Drama
Swiss Franc The Euro has risen by 0.21% at 1.139 EUR/CHF and USD/CHF, October 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates FX: The Dollar Index broke above 96.00 yesterday and is consolidating today. Provided the 96.00 area holds, the next target is the year’s high near 97.00. The euro has been confined to a little more than a quarter of a cent. Players seem...
Read More »FX Daily, October 24: Disappointing Flash PMI Weighs on Euro
Swiss Franc The Euro has fallen by 0.31% at 1.1375 EUR/CHF and USD/CHF, October 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is firmer against the major currencies and most emerging market currencies. While the seemingly fragile equity markets are still the center of investors’ attention, the weakness of the eurozone flash PMI is disconcerting...
Read More »FX Daily, October 23: Stock Slump Pushes Yields Lower and Buoys Yen
Swiss Franc The Euro has fallen by 0.13% at 1.14 EUR/CHF and USD/CHF, October 23(see more posts on EUR/CHF, USD/CHF, ) - Click to enlarge FX Rates Overview: There is one main story today, and that is the resumption of the slide in equities. It is having a ripple effect through the capital markets. Bond yields are tumbling. Gold is firm. The dollar is narrowly mixed, though the yen stands out with almost a 0.5%...
Read More »FX Daily, October 22: Collective Sigh of Relief?
Swiss Franc The Euro has fallen by 0.24% at 1.1435 EUR/CHF and USD/CHF, October 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates US Dollar: After a slow start in Asia, the US dollar has turned better bid. The euro recovered from $1.1430 before the weekend to $1.1550 today, where an option for almost 525 mln euros expires today. There is another option (1.6 bln euros) at...
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