Swiss Franc The Euro has risen by 0.18% to 1.0785 EUR/CHF and USD/CHF, October 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: President Trump’s tweet announced that negotiations with the House Democrat leadership had collapsed, and there will be no further talks until after the election. Many economists had been removing it from their Q4 GDP projections, but the market was caught wrongfooted. Risk came off....
Read More »FX Daily, September 30: Nervous Calm
Swiss Franc The Euro has risen by 0.05% to 1.0798 EUR/CHF and USD/CHF, September 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Quarter and month-end considerations could be overwhelming other factors today. Turnaround Tuesday saw early gains in US equities fade. Asia Pacific shares were mixed, with the Nikkei (-1.5%) and Australia (-2.3%) bear the brunt of the selling, while China, Hong Kong, Taiwan, and...
Read More »FX Daily, September 29: Consolidation Still Featured
Swiss Franc The Euro has risen by 0.05% to 1.0787 EUR/CHF and USD/CHF, September 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A consolidative tone continues across the capital markets. Equities have lost their momentum. The MSCI Asia Pacific Index was mixed, while Europe’s Dow Jones Stoxx 600 is paring yesterday’s sharp 2.2% gain. US shares are little changed but mostly softer. Benchmark 10-year yields are...
Read More »FX Daily, September 24: Darkest Before Dawn
Swiss Franc The Euro has risen by 0.07% to 1.0779 EUR/CHF and USD/CHF, September 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The two recent market developments, push lower in stocks, and higher in the dollar is continuing. Tuesday’s gains in the S&P 500 and NASDAQ were unwound on Wednesday and this is helping drag global markets lower. The MSCI Asia Pacific Index fell for the fourth consecutive...
Read More »FX Daily, September 23: Trying to Find Solid Ground
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...
Read More »Reopening Inertia, Asian Dollar Style (Still Waiting On The Crash)
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....
Read More »FX Daily, September 18: When Every Thing is Said and Done, More is Said than Done
Swiss Franc The Euro has risen by 0.13% to 1.0775 EUR/CHF and USD/CHF, September 18(see more posts on EUR/CHF, USD/CHF, ). FX Rates Overview: Asia Pacific equities have taken the march on the US. Led by a 2% rally in Shanghai, most regional markets but Australia closed the week with gains. A two-week fall in the MSCI Asia Pacific Index has been snapped. European stocks are little changed, and the Dow Jones Stoxx 600 is holding on to its second week of gains. It...
Read More »FX Daily, September 16: Dollar Eases Ahead of the FOMC
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...
Read More »FX Daily, September 15: The Dollar Softens Ahead of the FOMC
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...
Read More »FX Daily, July 13: Risk Appetites Firm, but the Greenback is Mixed
Swiss Franc The Euro has risen by 0.46% to 1.068 EUR/CHF and USD/CHF, July 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities began the week on a firm note in the Asia Pacific region. The Nikkei gained more than 2%, and the profit-taking seen in China ahead of the weekend was a one-day phenomenon. The Shanghai Composite rose 1.8%, and the Shenzhen Composite surged 3.5%. Taiwan and South Korea markets...
Read More »