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Tag Archives: CAD

FX Daily, February 28: It Takes Powell to Convince the Market that Yellen was Right

Swiss Franc The Euro has fallen by 0.19% to 1.1504 CHF. EUR/CHF and USD/CHF, February 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Many market participants think they heard Fed Chair Powell give a fairly strong signal that he favored a more aggressive course. The implied yield on the December Eurodollar futures rose five basis points to 1.535%. The December Fed...

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FX Daily, February 27: Markets Tread Water; Powell is Awaited

Swiss Franc The Euro has fallen by 0.29% to 1.1517 CHF. EUR/CHF and USD/CHF, February 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The capital markets seem unusually subdued. The US dollar is mostly slightly firmer, except against the euro and Swiss franc among the majors. The MSCI Asia Pacific Index managed to eke out a small gain (0.2%), for a third advancing...

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FX Daily, February 26: Dollar Slides as Equities Extend Recovery

Swiss Franc The Euro has risen by 0.14% to 1.1529 CHF. EUR/CHF and USD/CHF, February 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has begun the new week on heavy footing. It is being sold against virtually all the currencies, major and emerging market currencies. There is one exception, and although the local market is not open, the Mexican peso is...

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FX Daily, February 23: Dollar Firms; VIX Set to Close Lower for Second Week

Swiss Franc The Euro has risen by 0.20% to 1.152 CHF. EUR/CHF and USD/CHF, February 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates A light economic schedule in North America may help the markets close the week on a quiet note. Perhaps if there is one number that captures this sense, it may be the VIX. It is soft and barring a new disruption today, it is poised to...

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FX Daily, February 22: All Eyes on Equities

Swiss Franc The Euro has fallen by 0.13% to 1.1515 CHF. EUR/CHF and USD/CHF, February 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dramatic reversal of US shares yesterday in the last hour of trading has once again pulled the proverbial rug beneath the feet of investors. The turn down, moreover, occurred near important technical levels, seemingly adding to the...

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FX Daily, February 16: Worst Week for the Dollar since 2015-2016, While Stocks Continue to Recover

Swiss Franc The Euro has fallen by 0.13% to 1.1513 CHF. EUR/CHF and USD/CHF, February 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Nearly all the major currencies have risen at least two percent against the US dollar this week. The Canadian dollar is an exception. It has risen one percent this week ahead of today’s local session. Sterling is becoming another...

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FX Daily, February 13: Tuesday’s Two Developments

Swiss Franc The Euro has fallen by 0.09% to 1.1531 CHF. EUR/CHF and USD/CHF, February 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates There are two important developments today. First, the recovery in the global equity markets is being challenged. Second, the yen has strengthened across the board, and is now at its best levels against the dollar since last September’s...

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FX Daily, February 12: Equity Markets Find Firmer Footing, Dollar Softens

Swiss Franc The Euro has fallen by 0.11% to 1.1505 CHF. EUR/CHf and USD/CHF, February 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The most important development today has been the stability in the equity markets after last week’s meltdown. The recovery from new lows in the US before the weekend set the tone for today’s moves. Tokyo markets were on holiday, and the...

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FX Daily, February 09: Equity Sell-Off Extends to Asia, but More Muted in Europe

Swiss Franc The Euro has risen by 0.38% to 1.1502 CHF. EUR/CHF and USD/CHF, February 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The 100-point slide in the S&P 500 and the 1000-point drop in the Dow Jones Industrials yesterday spurred more bloodletting in Asia. The 1.8% drop in the MSCI Asia Pacific Index (for a 6.7% loss for the week) may conceal the magnitude...

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FX Daily, February 08: Dollar Firms, While Equities Search for Stability

Swiss Franc The Euro has fallen by 0.43% to 1.152 CHF. EUR/CHF and USD/CHF, February 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The swings in the equity markets are subsiding, bond yields are firm and the US dollar is extending its recovery. Although US equities closed lower, the MSCI Asia Pacific Index snapped a four-day drop by posting a 0.25% gain. However, the...

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