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Tag Archives: Currency Movement

FX Daily, September 27: Markets Limp into the Weekend with the Euro Languishing at New Lows and Sterling under Pressure

Swiss Franc The Euro has risen by 0.01% to 1.0851 EUR/CHF and USD/CHF, September 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities remain under pressures. The MSCI Asia Pacific Index lower today, though Chinese and Australian shares were firmer. It is the second consecutive week the benchmark has fallen. European equities are firmer, but not enough to offset the losses earlier this week and are set to...

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FX Daily, September 26: Greenback Remains Firm

Swiss Franc The Euro has risen by 0.15% to 1.0866 EUR/CHF and USD/CHF, September 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A compelling narrative for yesterday’s disparate price action is lacking. A flight to safety, which is a leading interpretation, does not explain the weakness in the yen, gold, or US Treasuries. Month- and quarter-end portfolio and hedge adjustments may be at work, but the risk is...

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FX Daily, September 25: Risk Appetite Stymied: Dollar Recovers while Stocks Slide

Swiss Franc The Euro has fallen by 0.13% to 1.0842 EUR/CHF and USD/CHF, September 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities and fixed income reacted to the large moves yesterday in the US when the 10-year note yield fell eight basis points, and the S&P 500 fell by 0.85%. Investors have focused on three separate developments and two of which came from President Trump’s speech at the...

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FX Daily, September 24: UK Supreme Court Deals another Defeat to Johnson

Swiss Franc The Euro has fallen by 0.03% to 1.0874 EUR/CHF and USD/CHF, September 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A fragile calm hangs over the capital markets today. Equities in Asia Pacific were narrowly mixed. Japan, China, and HK advanced. India saw some profit-taking after a two-day surge in response to the unexpected corporate tax cuts but recovered in late dealings. European shares are...

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FX Daily, September 23: Dreadful European Flash PMI Drags the Euro Lower

Swiss Franc The Euro has fallen by 0.24% to 1.089 EUR/CHF and USD/CHF, September 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The critics who claim the ECB’s policy response was disproportionate got a rude shock today with the unexpected weakness revealed by the flash PMI. The euro looks to re-visit the lows set recently near $1.0925. Sentiment has also been eroded by the poor South Korean export figures....

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FX Daily, September 19: Investors Looking for New Focus

Swiss Franc The Euro has fallen by 0.22% to 1.0975 EUR/CHF and USD/CHF, September 19(see more posts on EUR/CHF, USD/CHF, ) - Click to enlarge FX Rates Overview: Central bank activity is still very much the flavor of the day, but investors are looking for the next focus. The Bank of Japan and the Swiss National Bank stood pat, while Indonesia cut for the third consecutive time and the Hong Kong Monetary Authority and Saudi Arabia quickly followed the Fed. Brazil...

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FX Daily, September 18: FOMC Meets Amid Money Market Pressures

Swiss Franc The Euro has risen by 0.05% to 1.10 EUR/CHF and USD/CHF, September 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that Saudi Arabia was able to restore 40%-50% of the oil capacity lost by the weekend strike coupled with the Fed’s efforts to offset the squeeze in the money markets are allowing the global capital markets to trade quietly ahead of the conclusion of the FOMC meeting. Equities...

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FX Daily, September 17: Markets Calm(er)

Swiss Franc The Euro has risen by 0.60% to 1.0984 EUR/CHF and USD/CHF, September 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Oil prices have stabilized after yesterday’s surge. Both Brent and WTI are holding on to around $7-$8 a barrel gain. Equity markets are mixed. Some are attributing the losses in Asia Pacific outside of Japan (Nikkei rose its highest level since late April), Korea and Australia to...

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FX Daily, September 13: Bonds and the Dollar Remain Heavy Ahead of the Weekend

Swiss Franc The Euro has fallen by 0.19% to 1.0932 EUR/CHF and USD/CHF, September 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The markets are digesting ECB’s actions and an easing in US-Chinese rhetoric. Next week features the FOMC meeting and three other major central banks (Japan, Switzerland, and Norway). The US equity rally that saw the S&P 500 edge closer to the record high set in late July...

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FX Daily, September 11: Dollar is Firm as ECB is Awaited

Swiss Franc The Euro has fallen by 0.31% to 1.092 EUR/CHF and USD/CHF, September 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are extending their recent gains while bonds remain on the defensive. The dollar is firm. There is a degree of optimism that is prevailing. There are some more overtures in terms of US-Chinese trade. In Hong Kong, developers and banks led an equity rally on ideas...

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