Tag Archives: China

Swiss Franc The Euro has risen by 0.11% to 1.0837 EUR/CHF and USD/CHF, January 7(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After the National Guard were called to put down an insurrection in Washington, DC, the dollar is having its best day in around a week. The euro’s three-day rally has been halted even though German factory orders surprised on the upside. The greenback is firmer against all the major...

Swiss Franc The Euro has risen by 0.23% to 1.0823 EUR/CHF and USD/CHF, January 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  One of the two Georgia Senate contests remains too close to call, but the market appears to be pricing in a Democrat sweep. The 10-year yield has punched above 1% but has offered the greenback little support. Yesterday, the dollar-bloc currencies rose to highs since early Q2 2018 and...

In mid-December 2019, before the world had heard of COVID, China’s Central Economic Work Conference had released a rather startling statement for the world to consume. In the West, everything was said to be on the up. Central banks had responded, forcefully, many claimed, more than enough to deal with that year’s “unexpected” globally synchronized downturn. This view had been punctuated by Fed Vice Chairman Richard Clarida, among many others, who in early January...

Swiss Franc The Euro has fallen by 0.06% to 1.0821 EUR/CHF and USD/CHF, January 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The first day of the New Year, but it feels a lot like last year. The dollar is under pressure, and equities are higher. Outside of Japan and Malaysia, The MSCI Asia Pacific Index extended last week’s 3.6% gain. It has not rallied for seven consecutive sessions. Led by mining and...

The foreign exchange market sees an average daily turnover of something on the magnitude of $6.6 trillion a day.  In a week, the turnover is sufficient to more than cover world trade for a year.  It is the largest of the capital markets.  Trends in the currency market can last for years. A little more than a year ago, we concluded that the dollar’s third significant rally since the end of Bretton Woods was over and that a cyclical dollar decline was at hand.  Yet the...

Swiss Franc The Euro has risen by 0.22% to 1.0824 . FX Rates Overview: The prospects of a UK-EU deal and US stimulus continue to underwrite risk appetites and weigh on the dollar. Equity markets are moving higher. Led by Australia and China, the MSCI Asia Pacific Index rose to new record highs, while Dow Jones Stoxx 600 in Europe is at its best level since February. US shares are also trading higher. Bond markets are quiet, with European yields paring yesterday’s...

Before there could be “globally synchronized growth”, it had been plain old “global growth.” The former from 2017 appended the term “synchronized” to its latter 2014 forerunner in order to jazz it up. And it needed the additional rhetorical flourish due to the simple fact that in 2015 for all the stated promise of “global growth” it ended up meaning next to nothing in reality. Oddly the same for 2017’s update heading into 2018 and 2019. If currency wars are the...

Swiss Franc The Euro has risen by 0.12% to 1.0775 EUR/CHF and USD/CHF, December 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P fell for the fourth consecutive session yesterday, the longest losing streak of the quarter, and this seemed to encourage profit-taking in the Asia Pacific region today. The MSCI Asia Pacific Index slipped for the second consecutive session, and even confirmation of the...

Swiss Franc The Euro has risen by 0.06% to 1.0776 EUR/CHF and USD/CHF, December 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The fact that the UK and EU negotiators are still talking is seen as a constructive development and has spurred a sharp bounce in sterling. It traded below $1.3150 before the weekend and is pushing above $1.3400 in the European morning. It is part of the larger risk-on move lifting...

Swiss Franc The Euro has risen by 0.13% to 1.0756 EUR/CHF and USD/CHF, December 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US threats to break-up Facebook and the stalled stimulus talks spurred profit-taking in US shares yesterday and is dampening enthusiasm today. The MSCI Asia Pacific Index fell for the third time this week, and Europe’s Dow Jones Stoxx 600 is little changed. US shares are trading with...