Tag Archives: EUR

Swiss Franc The Euro has risen by 0.08% to 1.1415 CHF. EUR/CHF and USD/CHF, August 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar’s pre-weekend losses were extended initially in Asia before it recovered sufficiently to give European participant a better selling level. The dollar selling into the shallow bounce reflects the bearish sentiment, which as we...

Summary: EMU preliminary August CPI headline rise may not translate into core. US jobs growth is fine; earnings growth is key. Trump’s coalition is fraying, and the weekend pardon will not help mend fences. The US dollar’s consolidation ended with an exclamation point last week.  The downtrend since the beginning of the year is resuming, and there is a reasonable risk that the pace accelerates. In addition to...

Swiss Franc The Euro has risen by 0.11% to 1.1398 CHF. EUR/CHF and USD/CHF, August 25(see more posts on EUR/CHF, USD/CHF, ). FX Rates The event that investors have been waiting for and the media frequently linked to whatever price action has taken place has arrived: Yellen and Draghi’s speeches later today. Yellen is first. She will speak at 10:00 am ET. This is toward the end of the European trading week. Draghi...

Swiss Franc The Euro has fallen by 0.24% to 1.1366 CHF. EUR/CHF and USD/CHF, August 24(see more posts on #USD, $CHF, EUR/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is enjoying a firmer tone in quiet. Sterling is stabilizing after grinding down to its lowest level since late June. The Mexican peso, which had dropped in thin trading in Asia and Europe yesterday following Trump’s threat...

Summary: North American traders began the week by selling dollars. Euro is testing a downtrend off the year’s high. DXY is testing its uptrend. After consolidating in the Asian session and European morning, the euro has been bid higher in North America.  It is testing a downtrend line, drawn off the year’s high set in early August near $1.1910, as depicted in this Great Graphic, composed on Bloomberg. It is met the...

Swiss Franc The Euro has risen by 0.04% to 1.1389 CHF. EUR/CHF and USD/CHF, August 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates A mixed US dollar will greet the North American participants today. It is softer against the euro and yen, but firmer against the dollar-bloc currencies. Among the emerging market currencies, the eastern and central European currencies are...

Swiss Franc The Euro has risen by 0.11% to 1.1375 CHF. EUR/CHF and USD/CHF, August 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has recouped most of yesterday’s declines. However, as we have seen over the past couple of sessions, he North American market appears more dollar negative than Europe or Asia. The dollar’s rise through the European morning has...

Swiss Franc The Euro has risen by 0.03% to 1.1352 CHF. EUR/CHF and USD/CHF, August 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is mostly firmer against most of the major and emerging market currencies. The main impetus appears to be some position adjustment emanating from equities. The equity markets turned south in the second half of last week and...

Summary: Jackson Hole marks the end of the investors’ summer and a beginning of a challenging several weeks. The abandonment of national business leaders from Trump’s advisory board and strong words by Republican Senator Corker, followed by the dismissal of the controversial Bannon, could be a turning point. Neither Yellen nor Draghi may not even address the current policy stance as they discuss the topic at hand,...

Summary: FOMC minutes were not as dovish as spins suggest. ECB record was not as dovish as market response appears. Divergence is still intact. First, we told you that the FOMC minutes were not as dovish as the dollar and US Treasury yields may have suggested to many observers. Neither timing of the balance sheet adjustment (Sept announcement) or the odds of a rate hike before year-end changed. The dollar and...