Tag Archives: $CNY

Swss Franc The Euro has risen by 0.38% to 1.161 CHF. EUR/CHF and USD/CHF, July 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge The US dollar is softer against most of the major currencies and mixed against the emerging market currencies. European currencies firmer, with the continued recovery of the Swedish krona on the back of a more hawkish central bank, and the euro poking...

Swss Franc The Euro has risen by 0.03% to 1.1565 CHF. EUR/CHF and USD/CHF, July 03(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The global capital markets are trying to stabilize. US equities recovered from early losses yesterday but this was not enough to stop Asian equities from extending recent losses. The MSCI Asia Pacific Index slipped 0.2% for the sixth...

The window dressing ahead of the end of Q2 failed to signal a turn in sentiment. Equity markets have taken back those gains and more. The US dollar is broadly firmer, though it was coming off its best levels near midday in Europe, and the three-basis-point slippage puts the US 10-year yield at 2.83%, its lowest in more than a month. Investors are wrestling with the implications of escalating trade tensions. The US...

Swiss Franc The Euro has risen by 0.24% to 1.1545 CHF. EUR/CHF and USD/CHF, June 28(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is consolidating its gains against most of the major currencies, but the underlying strength remains evident. Several major and emerging market currencies are at new lows for the year, including sterling and the New Zealand...

Swiss Franc The Euro has risen by 0.07% to 1.1542 CHF. EUR/CHF and USD/CHF, June 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is mostly firmer today, though has slipped back below the JPY110 level, as lower yields and equities support the Japanese yen. The main story in the foreign exchange market today is the continued slide in the Chinese renminbi....

Swiss Franc The Euro has fallen by 0.03% to 1.1514 CHF. EUR/CHF and USD/CHF, June 20(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The day began out with equity losses in Asia before a sharp recovery, perhaps initiated in China. The MSCI Asia Pacific Index was up a little more than 0.5%. The Shanghai Composite fell more than 1% before closing 0.25% better. Market...

Swiss Franc The Euro has fallen by 0.60% to 1.1495 CHF. EUR/CHF and USD/CHF, June 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The escalation of trade tensions between the world’s two largest economies is scaring investors, who are liquidating equities and buying core bonds. The dollar and yen are the strongest of the major currencies. The Swiss franc is mostly steady...

The People’s Bank of China won’t update its balance sheet numbers for May until later this month. Last month, as expected, the Chinese central bank allowed bank reserves to contract for the first time in nearly two years. It is, I believe, all part of the reprioritization of monetary policy goals toward CNY. How well it works in practice remains to be seen. Authorities are not simply contracting one important form of...

Swiss Franc The Euro has risen by 0.43% to 1.1568 CHF. EUR/CHF and USD/CHF, June 14(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge The US dollar is slumping against all the major currencies in the aftermath of the hawkish Federal Reserve. In fact, the inability of the greenback to hold on to the gains scored in the initial reaction to the Fed’s hike, optimism on the economy,...

The week ahead is eventful. The Federal Reserve, the European Central Bank, and the Bank of Japan hold policy meetings. This would make for a busy week by themselves, but there is more. Trade tensions are likely to escalate further, if the US, as scheduled provides a list of $50 bln of Chinese goods that will face another 25% tariff for intellectual property violations. If the US does so, China has threatened to retract...