Tag Archives: CHF

Overview: The month-end and slew of data is making for a volatile foreign exchange session, while the rash of earnings has generally been seen as favorable though weakness was seen among the semiconductor chip fabricators. China, Hong Kong, and Japanese equities fell but the other large markets in the region rose. Europe’s Stoxx 600 is up around 0.8%. It is the eighth advance in the past 10 sessions. US futures are higher and the S&P 500’s advance of nearly 7.6%...

Overview: The Reserve Bank of Australia hinted that it was getting closer to a rate hike.  The Australian dollar was bid to its best level since the middle of last year.  Australian stocks advanced in a mixed regional session while China and Hong Kong markets were closed for the local holiday.  BOJ Kuroda called the yen’s recent moves “rapid.”  The yen is sidelined today as the dollar weakens against other major currencies, led by the Antipodeans.  In addition to the...

Overview:  The capital and commodity markets are becoming less orderly.  The scramble for dollars is pressuring the cross-currency basis swaps.  Volatility is racing higher in bond and stock markets. The industrial metals and other supplies, and foodstuffs that Russia and Ukraine are important providers have skyrocketed.  Large Asia Pacific equity markets, including Japan, Hong Kong, China, and Taiwan fell by 1%-2%, while South Korea, Australia, and India managed...

Swiss Franc The Euro has fallen by 0.23% to 1.0788 EUR/CHF and USD/CHF, June 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 turning higher on the year was the last straw before an arguably overdue bout of profit-taking kicked-in and is the dominant feature today in the capital markets. It began slowly in the Asia Pacific region. Equities were mixed, and Australia’s 2.4% rally and the 1.6% gain...

Swiss Franc The Euro has risen by 0.02% to 1.0515 EUR/CHF and USD/CHF, May 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors seem to be in want of new drivers, leaving the capital markets with little fresh direction. While Japanese and China equities were little changed, several markets in the region, including Australia, Hong Kong, Taiwan, and India, were off more than 1%. European bourses are mostly...

Swiss Franc The Euro has fallen by 0.13% to 1.0893 EUR/CHF and USD/CHF, August 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Chinese officials took the US tariff hike quietly last week but struck back today. The PBOC fixed the dollar higher (CNY6.90), which it has not done, and will halt imports of US agriculture. The dollar shot through CNY7.0 to finish the...

The pound to Swiss Franc exchange rate has been on steady decline since May when it peaked at 1.3397. Since then, it has fallen to 1.2245 as Brexit uncertainties continue to weigh on sterling, with the market feeling the prospect of a no-deal Brexit has increased. The franc has also risen in value owing to its status as a safe haven currency, and the continued fears over the global economy. Swiss Franc enjoying the...

. Tory leadership debate does little to help the pound Sterling has remained under a lot of pressure against a number of currencies including vs the Swiss franc. The Tory leadership race is now down to 5 candidates after former Brexit secretary Dominic Raab only managed to get 30 votes. This was short of the required 33 to progress to the next round. Last night we had the live television debate involving the last five...

Political uncertainty & Brexit cause sterling weakness The pound’s value is being predominantly dictated by Brexit. Over the past month sterling has gradually declined in value against the Swiss franc. There is potential for further falls for the pound due to the lack of clarity surrounding Brexit and the leadership battle for the new Conservative leader. There are candidates for the role of Prime Minister who have...

Since the start of the year the general trend for pound to swiss franc exchange rates has seen the pound strengthen. GBP/CHF mid-market levels started the year in the 1.23s and now are trading in the 1.30s. The pound strengthened as UK Prime Minister Theresa May extended Article50 by 6 months, which means the UK will not leave the EU without a deal. Brexit cross party talks However, in recent weeks the pound has...