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Tag Archives: Currency Movement

FX Daily, May 10: The Dollar Remains on the Defensive

Swiss Franc The Euro has risen by 0.43% to 1.0976 EUR/CHF and USD/CHF, May 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Last week’s cyberattack on the largest US gasoline pipeline continues to lift oil and gasoline prices. The June gasoline futures gapped higher to extend last week’s 2.4% gain but has subsequently moved lower to enter the gap. June WTI is firm and holding above $65. The supply disruption...

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FX Daily, April 26: Big Week Begins Quietly, with the Greenback Still Under Pressure

Swiss Franc The Euro has fallen by 0.03% to 1.1048 EUR/CHF and USD/CHF, April 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: What promises to be a notable week has begun off quietly: the US, EMU, and South Korea report Q1 GDP. The eurozone also provides its first estimate of April inflation. Corporate earnings feature tech and financial firms.  Equities are mostly firmer in the Asia Pacific region and...

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FX Daily, April 12: Capital Markets Look for Direction

Swiss Franc The Euro has fallen by 0.07% to 1.0997 EUR/CHF and USD/CHF, April 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Risk appetites have not returned from the weekend. Equities are heavy, and bond yields softer. The dollar is drifting lower in Europe. China’s unusually candid admission of the shortcomings of its vaccine and record new cases in India saw all the equity markets in the region fall. Only...

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FX Daily, April 8: Calm Capital Markets See the Dollar Drift

Swiss Franc The Euro has fallen by 0.26% to 1.1003 EUR/CHF and USD/CHF, April 8 (see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global stocks are moving higher today. Fears of a new lockdown in Tokyo amid rising covid cases weighed on Japanese stocks, a notable exception as the MSCI Asia Pacific Index rose for its fifth session of the past six. Europe’s Dow Jones Stoxx 600 is edging to new record highs today...

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FX Daily, April 5: Market Pushes First Rate Hike into 2022

Swiss Franc The Euro has fallen by 0.25% to 1.1053 EUR/CHF and USD/CHF, April 5(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Many financial centers in Asia and Europe remain closed for the extended holiday. Although several markets that were open were higher in the Asia Pacific region, India was an exception as a record contagion sent stocks down the most in five weeks.  US futures are pointing higher, led by...

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FX Daily, March 30: US Yields Push Higher, Lifting the Greenback Especially Against the Euro and Yen

Swiss Franc The Euro has risen by 0.02% to 1.1047 EUR/CHF and USD/CHF, March 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US 10-year yield is at new highs since January 2020, pressing above 1.77% and helping pull up global yields today. European benchmarks yields are up 4-5 bp, and the Antipodean yields jump 8-9 bp. The impact on equities has been minor, and the talk is still about the unwinding of...

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FX Daily, March 29: Markets Look for Direction after Large Block Trade and Before Key Data

Swiss Franc The Euro has fallen by 0.07% to 1.1064 EUR/CHF and USD/CHF, March 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The large block trade (~$20 bln) before the weekend, apparently from a family office, continued to have ripple effects today, but the MSCI Asia Pacific Index barely noticed. It extended its pre-weekend rally of 1.3%, and only South Korea and Australia fell among the major markets....

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FX Daily, March 18: Dovish Fed but Yields Rise, Helping the Greenback Recover from Yesterday’s Slide

Swiss Franc The Euro has risen by 0.17% to 1.1068 EUR/CHF and USD/CHF, March 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Asia Pacific equities mostly advanced after the US benchmarks recovered following the dovish FOMC. Australia, New Zealand, and India did not participate in today’s gains. European bourses edged higher, but US shares are struggling, and the NASDAQ futures are off nearly 1%, threatening...

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FX Daily, March 16: Equities Firm, but Markets Tread Gingerly

Swiss Franc The Euro has fallen by 0.33% to 1.1024 EUR/CHF and USD/CHF, March 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Yesterday’s new record highs in the S&P 500 and Dow Jones Industrial helped set the tone for today’s advance in the Asia Pacific region and Europe. The MSCI Asia Pacific Index snapped a two-day decline, with other major markets rising today. The Dow Jones Stoxx 600 had edged to new...

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FX Daily, March 15: Big Week Begins Quietly

Swiss Franc The Euro has fallen by 0.24% to 1.1077 EUR/CHF and USD/CHF, March 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are beginning a new and busy week in a non-committal fashion. Equities are mixed. Except for Japan, Hong Kong, and Australia, most markets in the Asia Pacific region were lower, led Chinese and Indian shares. Europe’s Dow Jones Stoxx 600 ended a four-day advance...

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