Tag Archives: EUR

Swiss Franc The Euro has fallen by 0.31% at 1.1375 EUR/CHF and USD/CHF, October 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is firmer against the major currencies and most emerging market currencies. While the seemingly fragile equity markets are still the center of investors’ attention, the weakness of the eurozone flash PMI is disconcerting...

Europe is in an untenable position. It is being challenged on many fronts. A weaker euro need not result, but it is the path of least resistance. The economy has lost its momentum. What was first written off as a soft patch, now looks a bit more serious. This will be driven home by the flash PMI later this week, which is expected to fall to a two-year low. Draghi is likely to still put an optimistic spin on things, as...

Swiss Franc The Euro has fallen by 0.13% at 1.14 EUR/CHF and USD/CHF, October 23(see more posts on EUR/CHF, USD/CHF, ) - Click to enlarge FX Rates Overview: There is one main story today, and that is the resumption of the slide in equities. It is having a ripple effect through the capital markets. Bond yields are tumbling. Gold is firm. The dollar is narrowly mixed, though the yen stands out with almost a 0.5%...

Swiss Franc The Euro has fallen by 0.24% at 1.1435 EUR/CHF and USD/CHF, October 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates US Dollar: After a slow start in Asia, the US dollar has turned better bid. The euro recovered from $1.1430 before the weekend to $1.1550 today, where an option for almost 525 mln euros expires today. There is another option (1.6 bln euros) at...

Several major central banks will meet next week, including the European Central Bank, but it is only the Bank of Canada that is expected to hike rates. The flash PMIs and the first official estimate of Q3 US GDP are among the data highlights. Beyond the events and data, the volatility from global equity markets from Shanghai to New York will continue to have a strong influence on other capital markets. Also, the...

Swiss Franc The Euro has fallen by 0.07% at 1.1436 EUR/CHF and USD/CHF, October 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Asian equities were lower, led by a nearly 3% drop in Shanghai, while European shares shrugged it off and the Dow Jones Stoxx 600 is up about 0.4% in late morning turnover. The S&P 500 is off by about 0.25%. Global bond yields...

Swiss Franc The Euro has fallen by 0.13% at 1.1449 EUR/CHF and USD/CHF, October 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Led by a dramatic recovery in US stocks, global equities are moving higher today. Before last week, decline, the US stock market lacked breadth, but not only did the S&P 500 and NASDAQ post their biggest advance in several...

Swiss Franc The Euro has risen by 0.32% at 1.1461 EUR/CHF and USD/CHF, October 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Although the S&P 500 was unable to sustain early gains yesterday, the largely consolidative session was part of the stabilization of equities after last week’s jump in volatility. Asia and European stocks are also cautiously...

Key considerations and price for selected currencies distilled into four bullet points.US Dollar   The dollar’s recovery ahead of the weekend was aided by the stabilization of the stock market, where the S&P 500 managed to close back above the psychologically important 200-day moving average. Interpolating from prices, the market does not expect the President’s criticism to alter the Fed’s course. US data highlights...

Swiss Franc The Euro has fallen by 0.38% at 1.142 EUR/CHF and USD/CHF, October 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Despite the pre-weekend gains that lifted the S&P 500 above its 200-day moving average, global equities are moving lower today. The main news over the weekend included the US renewing its threat to impose more tariffs on China...