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Tag Archives: Currency Movement

FX Daily, March 4: OPEC+ and Powell are Awaited

Swiss Franc The Euro has risen by 0.26% to 1.1122 EUR/CHF and USD/CHF, March 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities are under pressure following yesterday’s sharp losses in the US. The MSCI Asia Pacific Index suffered its biggest decline of the week today as Japanese, Chinese, and Hong Kong benchmarks slid by more than 2%. The Dow Jones Stoxx 600 Index in Europe is buckling under the pressure...

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FX Daily, March 2: The Dollar Finds Better Footing

Swiss Franc The Euro has risen by 0.05% to 1.1027 EUR/CHF and USD/CHF, March 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A warning from China’s top banking regulator about the frothiness of foreign markets appeared to blunt the knock-on effect of yesterday’s largest rise in the S&P 500 since last June (~2.4%) and weighed on global equities. The large markets in the Asia Pacific region but India and...

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FX Daily, March 1: Animal Spirits Roar Like a Lion to Start the New Month

Swiss Franc The Euro has risen by 0.45% to 1.1015 EUR/CHF and USD/CHF, March 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities and bonds jump back. Most Asia Pacific markets advanced 1.5-2.5% after the regional MSCI benchmark dropped 3.65% before the weekend and 5.3% last week. The recovery in European stocks was even more impressive. The Dow Jones Stoxx 600 was up around 1.55% near midday, recouping...

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FX Daily, February 26: Fed Hike Ideas Give the Beleaguered Greenback Support

Swiss Franc The Euro has fallen by 0.31% to 1.0977 EUR/CHF and USD/CHF, February 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge Overview: A poor seven-year note auction and ideas that the first Fed hike can come as early as the end of next year spurred a steep sell-off in bonds and equities. Technical factors like the triggering of stops losses, large selling in the futures market, which some also link to hedging of mortgage...

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FX Daily, February 24: Equities Try to Stabilize and Low Short-Term Rates Help Keep the Dollar on the Defensive

Swiss Franc The Euro has risen by 0.21% to 1.1018 EUR/CHF and USD/CHF, February 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The sharp recovery in US shares yesterday that saw the S&P 500 snap a five-day slide failed to carry into Asia Pacific trading earlier today. All the markets fell save India and Singapore. Losses were led by a 3% drop in Hong Kong as the first increase in the stamp duty...

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FX Daily, February 23: Dramatic Market Adjustment Continues

Swiss Franc The Euro has risen by 0.38% to 1.0931 EUR/CHF and USD/CHF, February 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Rising rates continue to spur a rotation and retreat in stocks. Yesterday the NASDAQ sold-off by nearly 2.5% while the Dow Industrials eked out a minor gain. Equities are mostly higher in the Asia Pacific region while Japanese markets were on holiday. Hong Kong led the advancers, but...

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FX Daily, February 22: Stocks Wilt under Pressure from Rising Yields

Swiss Franc The Euro has risen by 0.15% to 1.0875 EUR/CHF and USD/CHF, February 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Higher interest rates, driven by inflation expectations, is forcing an adjustment to equity markets. The S&P 500 is poised to gap lower today following slides in the Asia Pacific region and Europe. Japanese and Taiwanese indices advanced by steep losses were seen in China, Hong...

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FX Daily, February 19: Equities Stabilizing While the Greenback Remains Under Pressure

Swiss Franc The Euro has risen by 0.25% to 1.0854 EUR/CHF and USD/CHF, February 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The bond and equity markets are trying to stabilize ahead of the weekend. The dollar remains under pressure. In the Asia Pacific region, Hong Kong, China, and South Korean markets advanced, but most markets could not overcome the profit-taking pressures. Europe’s Dow Jones Stoxx 600...

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FX Daily, February 18: Markets Chill

Swiss Franc The Euro has risen by 0.14% to 1.0831 EUR/CHF and USD/CHF, February 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The bout of profit-taking in equities continued today, and most markets in Asia Pacific and Europe are lower. China’s markets re-opened but struggled to sustain early gains. However, the Shanghai Composite rose by about 0.5%, and a smaller increase was recorded in Taiwan and an even...

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FX Daily, February 17: Follow-Through Dollar Buying after Yesterday’s Reversal Tests the Bears

Swiss Franc The Euro has risen by 0.03% to 1.0802 EUR/CHF and USD/CHF, February 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  After reversing higher yesterday, the US dollar sees follow-through gains today, leaving the euro around a cent lower from yesterday’s highs. Sterling’s surge is also being tempered. Most emerging market currencies are lower as well. The jump in bond yields has stalled, but only...

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