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Tag Archives: EUR

FX Daily, January 05: Dollar Given Reprieve Ahead of Employment Report

Swiss Franc The Euro has risen by 0.04% to 1.1753 CHF. EUR/CHF and USD/CHF, January 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates As the US dollar finished last year, so too did it begin the New Year, and after extending its losses, the bears have paused. Technical factors had been stretched, but it appears to have been old-fashioned macroeconomic considerations to...

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FX Daily, January 04: Greenback Continues to Consolidate Recent Losses

Swiss Franc The Euro has risen by 0.37% to 1.1755 CHF. EUR/CHF and USD/CHF, January 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is sporting a softer profile across the board, though remaining largely in the ranges seen over the past couple of sessions. At the same time, the news stream suggests that the global synchronized growth cycle strengthened...

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The Past is Not Passed: 2017 Spills into 2018

The New Year may have begun in fact, but in practice, full participation may return only after the release of US employment data on January 5. The macroeconomic and policy tables have been set, though interpolating from the Overnight Index Swaps market, there is 45% chance the Bank of Canada hikes rates at its policy meeting near the middle of the month. In the currency markets, sentiment appears to be as uniformly...

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FX Daily, January 2: Dollar Slump Accelerates

Swiss Franc The Euro has risen by 0.03% to 1.1703 CHF. EUR/CHF and USD/CHF, January 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar’s slump seen in the final two weeks of 2017 is carried into today’s activity. The greenback’s sell-off extends to the emerging market currencies as well. The Hungarian forint is the strongest rising nearly 1%, ostensibly...

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FX Daily, December 27: What Happened on Boxing Day?

Swiss Franc The Euro has risen by 0.32% to 1.1763 CHF. EUR/CHF and USD/CHF, December 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates There were several developments on the day after Christmas, while many markets remained closed and investors sidelined.   One of the most important developments was the euro’s complete recovery from the flash crash of nearly three...

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FX Daily, December 19: US Equities Set Pace, While Greenback Consolidates Inside Monday’s Ranges

Swiss Franc The Euro has risen by 0.48% to 1.1666 CHF. EUR/CHF and USD/CHF, December 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge GBP/CHF The pound has risen against the Swiss Franc as we get closer to understanding just what Brexit means for the UK and global concerns ease, weakening the Franc. The pound is essentially a barometer of progress on Brexit whilst the Swissie...

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FX Weekly Preview: Policy Mix Underlines Positive Fundamental Backdrop for the Dollar

The prospects that the Republican-controlled legislative branch would find a compromise to tax cuts were enhanced when a few senators appeared to capitulate without much to show for it may have helped lift US stocks and dollar ahead of the weekend. Each chamber must now approve the reconciliation measure, which does not look particularly like either the House or Senate bills, though the regressive thrust was...

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FX Daily, December 15: Premium for Dollar-Funding is not Helping Greenback Very Much

Swiss Franc The Euro has risen by 0.28% to 1.168 CHF. EUR/CHF and USD/CHF, December 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The cross-currency basis swap continues to lurch in the dollar’s direction, especially against the euro, and yet the dollar is not drawing much support from it. The increasing cost reflects pressure for the year-end and does not appear to...

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FX Daily, December 14: US Rates Bounce Back, but Dollar, Hardly

Swiss Franc The Euro has risen by 0.18% to 1.1673 CHF. EUR/CHF and USD/CHF, December 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates US interest rates have recovered the drop seen after the FOMC yesterday, but the dollar at best has been able to consolidate its losses and at worst, seen its losses extended. The Fed boosted its growth forecasts and lower unemployment...

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FX Daily, December 13: Greenback Quiet Ahead of Five Central Bank Meetings

Swiss Franc The Euro has fallen by 0.06% to 1.1633 CHF. EUR/CHF and USD/CHF, December 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge GBP / CHF Since the end of August the pound has been making inroads against the Swiss Franc and recovering from the dramatic drop in exchange rates since the Brexit vote over 18 months ago. GBPCHF has gained 8 cents in 4 months. To put this into...

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