Tag Archives: Currency Movement

Swiss Franc The Euro has fallen by 0.08% to 1.0531 EUR/CHF and USD/CHF, March 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Dramatic price action continues but in the other direction.  Stocks and bonds have rallied strongly, and the US dollar is snapping a strong advance with a sharp and broad setback. The immediate trigger is hard to identify. Some accounts linking it to fears that the California shutdown...

Swiss Franc The Euro has fallen by 0.32% to 1.0531 EUR/CHF and USD/CHF, March 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It is not just that the dollar soared while stocks and bonds continued to plunge. The dollar’s strength is, in effect, a powerful short-covering rally. It was used to fund a great part of the global circuit of capital. The circuit of capital is in reverse now, and the funding currency...

Swiss Franc The Euro has fallen by 0.21% to 1.0565 EUR/CHF and USD/CHF, March 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: While the markets are not as disorderly as they have been, the tone is fragile, and the animal spirits have been crushed. Australian stocks fell more than 10% last week and dropped another 9.7% yesterday before rebounding by almost 6% today to be one of the few Asia Pacific equity...

Swiss Franc The Euro has fallen by 0.01% to 1.0541 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: The Federal Reserve and central banks in the Asia Pacific region acted forcefully, but were unable to ease the consternation of investors. The Reserve Bank of New Zealand cut key rates by 75 bp. The Bank of Japan appears to have doubled its ETF purchase target to JPY12 trillion, and...

Swiss Franc The Euro has fallen by 0.21% to 1.0577 EUR/CHF and USD/CHF, March 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 and Dow Jones Industrials sold off after the higher open and briefly traded below yesterday’s lows. Investors seemed disappointed that the Trump Administration was not ready with specific policies after Monday’s tease that had initially helped lift Asia Pacific and...

Swiss Franc The Euro has risen by 0.07% to 1.059 EUR/CHF and USD/CHF, March 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities plunged, and yields sank as the coronavirus threatens a global recession. The oil price war signaled by Saudi Arabia and Russia aggravates the desperate situation. Equities markets in the Asia Pacific region slumped 3-7%. The Shanghai Composite was fell 3%. The Nikkei was off by...

Swiss Franc The Euro has fallen by 0.40% to 1.0581 EUR/CHF and USD/CHF, March 06(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The sharp sell-off in US equities and yields yesterday is spurring a mini-meltdown globally today. Many of the Asia Pacific markets, including Japan, Australia, Taiwan, and India, saw more than 2% drops, while most others fell more than 1%. The MSCI Asia Pacific Index snapped the...

Swiss Franc The Euro has fallen by 0.04% to 1.0648 EUR/CHF and USD/CHF, March 5(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The 4.2% rally in the S&P 500 yesterday helped lift Asia Pacific markets earlier today, and the five basis point backing up of the US 10-year yield pushed regional yields higher. However, the coattails proved short, and Europe’s Dow Jones Stoxx 600 is snapping a three-day advance...

Swiss Franc The Euro has fallen by 0.49% to 1.0627 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: The G7 delivered up a nothing burger than was shortly followed by a 50 bp Fed cut. The equity market seemed to enjoy it briefly and extended Monday’s dramatic gains, before falling out of bed. The S&P 500 lost about 2.2%, while the Dow Industrial slumped 3%, but shortly after the...

Swiss Franc The Euro has risen by 0.10% to 1.0632 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: Comments beginning with Powell before the weekend, and BOJ and BOE earlier today promising support have saw equity markets briefly stabilize after last week’s dramatic moves. The G7 will hold a teleconference this week, but speculation of a coordinated rate move does not seem...