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Tag Archives: Currency Movement

FX Daily, January 11: Greenback Extends Recovery

Swiss Franc The Euro has fallen by 0.04% to 1.0816 EUR/CHF and USD/CHF, January 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Julius Ceasar is said to have “crossed the Rubicon” on January 10, 49 BCE, taking the 13th Legion into Rome, defying orders from the Senate, and precipitating the Roman Civil Wat that marked the end of the republic and the birth of the empire. Last week’s events paled in comparison...

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FX Daily, January 08: Can the Dollar Find Traction Even if the Employment Data Disappoint?

Swiss Franc The Euro has fallen by 0.32% to 1.0825 EUR/CHF and USD/CHF, January 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global equity rally picked up this week as it closed in 2019. The MSCI Asia Pacific Index gained today and is up in nine of the past 10 sessions. It has fallen only in one week since the end of October. South Korea’s Kospi led today’s advance with a nearly 4% rally on the back...

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FX Daily, January 7: Dollar Bounces after Insurrection Put Down

Swiss Franc The Euro has risen by 0.11% to 1.0837 EUR/CHF and USD/CHF, January 7(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After the National Guard were called to put down an insurrection in Washington, DC, the dollar is having its best day in around a week. The euro’s three-day rally has been halted even though German factory orders surprised on the upside. The greenback is firmer against all the major...

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FX Daily, January 6: High Drama Weighs on the Greenback and Lifts Yields

Swiss Franc The Euro has risen by 0.23% to 1.0823 EUR/CHF and USD/CHF, January 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  One of the two Georgia Senate contests remains too close to call, but the market appears to be pricing in a Democrat sweep. The 10-year yield has punched above 1% but has offered the greenback little support. Yesterday, the dollar-bloc currencies rose to highs since early Q2 2018 and...

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FX Daily, January 04: Rising Equities and Slumping Dollar Greet the New Year

Swiss Franc The Euro has fallen by 0.06% to 1.0821 EUR/CHF and USD/CHF, January 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The first day of the New Year, but it feels a lot like last year. The dollar is under pressure, and equities are higher. Outside of Japan and Malaysia, The MSCI Asia Pacific Index extended last week’s 3.6% gain. It has not rallied for seven consecutive sessions. Led by mining and...

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FX Daily, December 17: Dollar Thumped

Swiss Franc The Euro has risen by 0.22% to 1.0824 . FX Rates Overview: The prospects of a UK-EU deal and US stimulus continue to underwrite risk appetites and weigh on the dollar. Equity markets are moving higher. Led by Australia and China, the MSCI Asia Pacific Index rose to new record highs, while Dow Jones Stoxx 600 in Europe is at its best level since February. US shares are also trading higher. Bond markets are quiet, with European yields paring yesterday’s...

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FX Daily, December 15: The Bulls are Emboldened

Swiss Franc The Euro has risen by 0.12% to 1.0775 EUR/CHF and USD/CHF, December 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P fell for the fourth consecutive session yesterday, the longest losing streak of the quarter, and this seemed to encourage profit-taking in the Asia Pacific region today. The MSCI Asia Pacific Index slipped for the second consecutive session, and even confirmation of the...

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FX Daily, December 14: Brexit Deal Hopes Lift Sterling

Swiss Franc The Euro has risen by 0.06% to 1.0776 EUR/CHF and USD/CHF, December 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The fact that the UK and EU negotiators are still talking is seen as a constructive development and has spurred a sharp bounce in sterling. It traded below $1.3150 before the weekend and is pushing above $1.3400 in the European morning. It is part of the larger risk-on move lifting...

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FX Daily, December 11: Brexit Fears Weigh on Sterling

Swiss Franc The Euro has risen by 0.21% to 1.0773 EUR/CHF and USD/CHF, December 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The odds of a UK-EU agreement and new stimulus before year-end in the US have faded and are sapping risk appetites ahead of the weekend. Although most Asia Pacific equity markets gained, China and Australia were notable exceptions, European shares are heavy, and the Dow Jones Stoxx...

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FX Daily, December 10: Brexit and US Stimulus are Unresolved as Attention Turns to the ECB

Swiss Franc The Euro has risen by 0.13% to 1.0756 EUR/CHF and USD/CHF, December 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US threats to break-up Facebook and the stalled stimulus talks spurred profit-taking in US shares yesterday and is dampening enthusiasm today. The MSCI Asia Pacific Index fell for the third time this week, and Europe’s Dow Jones Stoxx 600 is little changed. US shares are trading with...

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