Tag Archives: China

Swiss Franc The Euro has fallen by 0.10% to 1.0768 EUR/CHF and USD/CHF, October 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The on-again-off-again fiscal stimulus in the US is back on as the White House now supports a broad stimulus program, but not as big as the Democrats $2.2 trillion package. It is the narrative being cited as the rebuilding of risk appetites is the wobble earlier in the week. Chinese...

As one of Africa’s largest copper producers, it seemed like a no-brainer. Financial firms across the Western world, pension funds from the US or banks in Europe, they lined up for a bit of additional yield. This was 2012, still global recovery on the horizon – at least that’s what “they” all kept saying. Zambia did what everyone does, the country floated its first Eurobond ($750 million). At that point, copper was only down modestly from its 2011 peak. By 2014,...

Swiss Franc The Euro has risen by 0.23% to 1.0822 EUR/CHF and USD/CHF, September 28 Source: markets.ft.com - Click to enlarge FX Rates Overview: Following the strong finish in the US before the weekend, global equities are paring last week’s slide. The MSCI Asia Pacific Index rose to for a second session. Markets in Japan, Taiwan, South Korea, and India rose by more than 1%. China and Australia were notable exceptions. Europe’s Dow Jones Stoxx 600 is gapped...

Swiss Franc The Euro has risen by 0.04% to 1.0769 EUR/CHF and USD/CHF, September 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A more stable tone is evident in the capital markets after the S&P 500, and NASDAQ rose more than one percent yesterday. Japan returned from a two-day holiday, and local shares slipped fractionally, while China, Hong Kong, South Korea, and Australian shares rallied. India and...

Swiss Franc The Euro has fallen by 0.45% to 1.0751 EUR/CHF and USD/CHF, September 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equity markets are off to a poor start to the week, and the dollar appears to be enjoying a safe-haven bid. Tokyo markets are closed until Wednesday, while Asia-Pacific stocks tumbled, and the regional index is unwinding last week’s gains. The Dow Jones Stoxx 600 is off...

Why are there still outstanding dollar swap balances? It is the middle of September, for cryin’ out loud, and the Federal Reserve reports $52.3 billion remains on its books as of yesterday. Six months after Jay Powell conducted what he called a “flood”, with every financial media outlet reporting as fact this stream of digital dollars into every corner of the world, how can there be anything greater than zero in overseas liquidity swaps? Six months is an eternity....

Swiss Franc The Euro has fallen by 0.04% to 1.0751 EUR/CHF and USD/CHF, September 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dollar has been sold against nearly all the world’s currencies ahead of what is expected to be a dovish Federal Reserve, even if no fresh action is taken. The Scandis and Antipodean currencies are leading the majors. The South African rand and Mexican peso are leading the...

One day short of one year ago, on September 16, 2019, China’s National Bureau of Statistics (NBS) reported its updated monthly estimates for the Big 3 accounts. Industrial Production (IP) is a closely-watched indicator as it is relatively decent proxy for the entire goods economy around the world. Retail Sales in the post-Euro$ #2 context give us a sense of the Chinese economy’s persistent struggle to try to “rebalance” without the pre-2008 boost China had obtained...

Swiss Franc The Euro has fallen by 0.19% to 1.0755 EUR/CHF and USD/CHF, September 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are relatively quiet so far today as the FOMC meeting gets underway. Equity markets in the Asia Pacific region, but Japan and Australia advanced, and the regional benchmark rose for the fourth consecutive session. European stocks are a little firmer. The...

Swiss Franc The Euro has fallen by 0.07% to 1.0762 EUR/CHF and USD/CHF, September 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A flurry of deals, including the still-evolving Oracle-TikTok tie-up, helped lift equity markets in the Asia Pacific region.  South Korea’s Kospi, and Indonesia, which had been battered last week, led the advance. The MSCI Asia Pacific Index rose for the third consecutive...