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Tag Archives: China Caixin Services PMI

FX Daily, March 05: Italian Election Weighs on Italian Assets, but Little Systemic Risk Seen

Swiss Franc The Euro has fallen by 0.08% to 1.1549 CHF. EUR/CHF and USD/CHF, March 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is narrowly mixed. The Japanese yen remains firm. The dollar appears stuck in a narrow range. Near JPY105.20 the seems to be some short-covering pressure in front of JPY105. On the top side, the greenback is encountering offers...

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FX Daily, February 05: Dollar Consolidates while Equity Rout may be Ebbing

Swiss Franc The Euro has risen by 0.19% to 1.1622 CHF. EUR/CHF and USD/CHF, February 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Asian equity markets were weighed down by losses in the US markets ahead of the weekend. The MSCI Asia Pacific Index was off 1.4% after the 1.0% pre-weekend loss. The Nikkei gapped lower and shed 2.5% and has fallen in eight of the past...

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FX Daily, January 04: Greenback Continues to Consolidate Recent Losses

Swiss Franc The Euro has risen by 0.37% to 1.1755 CHF. EUR/CHF and USD/CHF, January 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is sporting a softer profile across the board, though remaining largely in the ranges seen over the past couple of sessions. At the same time, the news stream suggests that the global synchronized growth cycle strengthened...

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FX Daily, December 05: Sterling Sold on Negotiating Snafu, Aussie Bounces on Retail Sales and RBA

Swiss Franc The Euro has fallen by 0.05% to 1.1678 CHF. EUR/CHF and USD/CHF, December 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is confined to narrow ranges against the euro and yen, straddling unchanged levels in the Asian session and the European morning. The action in elsewhere. The British pound is the weakest of the majors, paring 0.4% against...

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FX Daily, September 5: Greenback Mixed, North Korea and PMIs in Focus

Swiss Franc The Euro has risen by 0.07% to 1.1406 CHF. EUR/CHF and USD/CHF, September 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Reports suggesting that North Korea is moving an ICBM missile toward launch pad in the western part of the country at night to minimize detection, while South Korea is escalating its military preparedness and the US seeks new...

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FX Daily, June 05: US Dollar Starts Important Week Mostly Stable to Higher

Swiss Franc The euro is lower at 1.0854 (-0.06%). EUR/CHF - Euro Swiss Franc, June 05(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is beginning what promises to be an important week on a steady to firmer note against most of the major currencies. It is a holiday in parts of Europe (e.g.,m Germany and Switzerland). Although excitement is not until Thursday’s ECB meeting, UK election, and...

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FX Daily, May 04: Greenback Struggles to Sustain Upticks, Though Odds of June Hike Rise

 Swiss Franc EUR/CHF - Euro Swiss Franc, May 04(see more posts on EUR/CHF, ) - Click to enlarge  FX Rates The US dollar is struggling to maintain even modest upticks against the euro and sterling despite the recognition of the increased likelihood of a June Fed hike.    Bloomberg sees current pricing in the Fed funds as making a hike in June a near certainty (97.5%), while the CME and our own calculation...

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FX Daily, March 03: Yellen and Jobs Report Last Two Hurdles to US Hike

Swiss Franc EUR/CHF - Euro Swiss Franc March 03(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge GBP/CHF Prime Minister Theresa May is still committed to triggering Article 50 before the end of the month in spite of what happened this week with the House of Lords’ decision to challenge the Brexit bill. The House of Lords are primarily concerned with keeping the rights of EU citizens living...

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FX Daily, February 08: EUR/CHF down to 1.630, Swiss Boom Starting?

Will EUR/CHF fall to 1.00 The reader might have seen the latest Swiss Consumer Sentiment and the UBS consumption indicator. They suggest that the Swiss boom phase should finally come. I anticipated the boom already in my slides for the CFA Society. The Swiss boom was postponed when the SNB decided to remove the euro peg in early 2015. What is the definition of a “boom”? It is economic activity mostly driven by...

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FX Daily, January 05: Dollar Slide but Resilience Demonstrated while Yuan Squeezed Higher

Swiss Franc EUR/CHF - Euro Swiss Franc, January 05(see more posts on EUR/CHF, ) - Click to enlarge The Swiss Franc has limited data releases to note for the upcoming weeks therefore I expect news from the Brexit story and UK economic data to influence exchange rates this month. At present we are awaiting the decision from the Supreme Court in regards to if UK Prime Minister Theresa May needs to seek Government...

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