Tag Archives: Currency Movement

Swiss Franc The Euro has risen by 0.20% to 1.0647 EUR/CHF and USD/CHF, February 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A new phase of the Covid-19 is at hand. Yesterday was the first time that the number of new cases in the world surpassed the number of new cases China acknowledged.  This confirms what we have known, namely that the battle for containing it in China has been lost. However, it...

Swiss Franc The Euro has fallen by 0.16% to 1.0601 EUR/CHF and USD/CHF, February 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The warning by the US Center for Disease Control and Prevention that Americans should prepare for an outbreak of Covid-19 sent the S&P 500 tumbling to an 11-week low and the 10-year Treasury yield to a record low near 1.30%. The volatility of the S&P (VIX) jumped to its...

Swiss Franc The Euro has fallen by 0.27% to 1.0592 EUR/CHF and USD/CHF, February 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Yesterday’s bloodletting in global equities has calmed, but investors remain on edge. Despite all the concerns that the markets were under-appreciating the implications of the new coronavirus, there is a sense that yesterday’s moves were in excess.  Japanese markets, which were...

Swiss Franc The Euro has fallen by 0.15% to 1.0588 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 ring of containment of Covid-19 has grown from China. The new frontline is Japan, South Korea, Italy, and Iran. A lockdown of around 50k people near Milan and Austria blocking trains from Italy is scaring investors. Asian markets fell, but South Korea bore the brunt with a...

Swiss Franc The Euro has risen by 0.02% to 1.061 EUR/CHF and USD/CHF, February 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft..com - Click to enlarge FX Rates Overview:  The spread of Covid-19 outside of China and early signs of the economic consequences again emerged to weigh on investor sentiment. Poor Japanese and Australian preliminary February PMI reports and some trade indications from South Korea saw most Asia Pacific equities sell-off. ...

Swiss Franc The Euro has fallen by 0.08% to 1.0619 EUR/CHF and USD/CHF, February 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The increase of Covid-19 cases in South Korea and Japan, coupled with China’s changing reverting back to its previous methodology of calculation, dropping clinically-diagnosed cases have again weakened risk appetites and sent the dollar broadly higher. Fears of a Japanese recession...

Swiss Franc The Euro has risen by 0.08% to 1.0617 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: After shunning risk yesterday, investors re-entered the fray today, and the animal spirits returned. The MSCI Asia Pacific Index snapped a four-day slide, and China’s markets were among the few losers in the region today. Europe’s Dow Jones Stoxx 600 recovered yesterday’s losses in...

Swiss Franc The Euro has fallen by 0.11% to 1.0613 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: Apple’s warning that it will miss Q1 revenue due to the knock-on effects of the coronavirus seemed to be a modest wake-up call to investors, who, judging from the equity market, were looking beyond. Equities have fallen, and bonds have rallied. Japan, Hong Kong, and South Korean...

Swiss Franc The Euro has fallen by 0.02% to 1.0635 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: It is only a US holiday today, but the global capital markets are subdued. In the Asia-Pacific region, equities traded lower with China and Hong Kong, the main advancers. The MSCI Asia Pacific Index has fallen in only two weeks since the end of last November, and that was during the...

Swiss Franc The Euro has risen by 0.24% to 1.0641 EUR/CHF and USD/CHF, February 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are heading into the weekend, still trying to look past the coronavirus despite the new cases in Hubei. Tokyo was a notable exception in the Asia Pacific region, as the other major equity markets, like in Hong Kong, China, Taiwan, South Korea, and Australia,...