Tag Archives: $CNY

It’s one of those “nothing to see here” moments for Economists trying not to appreciate what’s really going on in China therefore the global economy. The slump in China’s automotive sector dragged on through October, with year-over-year sales down for the fourth straight month.Auto sales last month were off 12% from a year earlier to 2.38 million, the government-backed China Association of Automobile Manufacturers said...

Swiss Franc The Euro has risen by 0.28% at 1.137 EUR/CHF and USD/CHF, November 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar has a heavier bias against most of the major and emerging markets currencies, but the pullback is shallow, and the greenback’s underlying strength is still evident. Asian equities were mixed. Concern that Apple may be...

When William Gibson would say that “the future is already here-it is just not evenly distributed,” he was referring to how wealth and location determine one’s access to technological advances (the future). Yet it equally can apply to the US-Chinese relationship. In a recent article in the Wall Street Journal, former Treasury Secretary Paulson seemed to express the views of many. If neither the US nor China changes its...

Swiss Franc The Euro has fallen by 0.13% at 1.1415 EUR/CHF and USD/CHF, November 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar’s gains scored in the wake of the Fed’s signal that will continue on course to gradually hike rates have been extended. Most emerging market currencies are lower as well. Equity markets are heavy. Bond yields in Europe...

Swiss Franc The Euro has fallen by 0.04% at 1.1452 Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is narrowly mixed against the major currencies today, largely consolidating its recent losses. Equities are mixed.  In Asia, Japan, Australia, and Hong Kong equities gained around 1%, while most other bourses were softer. In Europe, the Dow Jones Stoxx 600 is little changed in late morning...

Swiss Franc The Euro has fallen by 0.19% at 1.1378 EUR/CHF and USD/CHF, October 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After sliding hard this month, equities continue to stabilize into month-end. All of the equity markets in Asia-Pacific rallied with the help of a solid close in the US. European bourses are higher too as the Dow Jones Stoxx 600...

Swiss Franc The Euro has risen by 0.09% at 1.1401 EUR/CHF and USD/CHF, October 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: First, reports suggested that if China refused to make any trade concessions, the Trump-Xi meeting on the sidelines of the G20 meeting next month would not take the issue up. Fair enough. Then, new reports indicated that the White was...

Equities  Global equities have sold off hard. The magnitude of the recent loss is similar to what happened earlier this year. The MSCI World Index of developed countries fell 10.5% in January-February carnage and are now off about 11% this month. The MSCI Emerging Markets Index has matched the 11% loss back at the start of the year, but never truly recovering in between. The Dow Jones Stoxx 600 fell around 9% initially...

Swiss Franc The Euro has fallen by 0.31% at 1.1375 EUR/CHF and USD/CHF, October 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is firmer against the major currencies and most emerging market currencies. While the seemingly fragile equity markets are still the center of investors’ attention, the weakness of the eurozone flash PMI is disconcerting...

Swiss Franc The Euro has fallen by 0.24% at 1.1435 EUR/CHF and USD/CHF, October 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates US Dollar: After a slow start in Asia, the US dollar has turned better bid. The euro recovered from $1.1430 before the weekend to $1.1550 today, where an option for almost 525 mln euros expires today. There is another option (1.6 bln euros) at...