Tag Archives: EUR

Summary: May calls snap election for June 8. Tories running 20 percent point lead over Labour. Next election would be in 2022, after the Brexit negotiations conclude. UK Prime Minister May surprised investors by calling for a snap election on June 8. The Tory Party is ahead of Labour by over 20 percentage points. It currently enjoys a 17-seat majority in the House of Commons. The early election would put the...

Summary: May calls snap election for June 8. Tories running 20 percent point lead over Labour. Next election would be in 2022, after the Brexit negotiations conclude. UK Prime Minister May surprised investors by calling for a snap election on June 8. The Tory Party is ahead of Labour by over 20 percentage points. It currently enjoys a 17-seat majority in the House of Commons. The early election would put the...

Swiss Franc EUR/CHF - Euro Swiss Franc, April 18(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is consolidating the gains scored late in the US session yesterday in response to a Financial Times interview with US Treasury Secretary Mnuchin who seemed to play down the strategic importance of Trump’s recent complaint about the greenback’s strength.   Mnuchin spun Trump’s comments to be...

Many observers misunderstood US President Trump’s “American First” rhetoric. Trump’s earlier writings show that this is not a reference to the 1940s effort to keep the US out of WWII, with its isolationist tint. Rather, Trump’s use goes back to the original use by President Harding in the 1920s. It was a rejection of the Wilsonian multilateralism (e.g. League of Nations) and a robust defense of unilateralism. That...

Summary: The euro has fallen for 11 consecutive sessions against the yen. Interest rates, US and German in particular, seem to be the main driver. Technicals are stretched, but have not signaled a reversal yet. Looking for a trend in the foreign exchange market? The euro is weaker against the yen for the 11th consecutive session today, which is the longest streak in the euro’s natural life. Since March 17, the...

Swiss Franc Switzerland Producer Price Index (PPI) YoY March 2017(see more posts on Switzerland Producer Price Index, ) Source: investing.com - Click to enlarge FX Rates The US dollar slid after US President Trump complained about its strength.  The sell-off extended into early Asian activity, before stabilizing.  It is mixed in late morning European turnover, which is already lightening up due to the extended...

Swiss Franc EUR/CHF - Euro Swiss Franc, April 12(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Markets are calmer today.  The significant movers yesterday have stabilized.  The dollar has been unable to resurface above JPY110, but after plumbing to new lows near JPY109.35 in Asia, the dollar has recovered back levels since in North America late yesterday.   The decline in the US 10-year yield was...

Swiss Franc EUR/CHF - Euro Swiss Franc, April 10(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The Pound and the Swiss Franc have had a strange relationship since the missile strike by the US on a Syrian Government airbase last week. Pound to Swiss Franc exchange rates plummeted before recovering and then exceeding expectations as we entered into the weekend. The ‘anomaly’ as some are now calling it,...

The US jobs growth slowed considerably more than expected in March and the disappointment pushed the dollar and equities initially lower.  United States Nonfarm payrolls The US created 98k jobs in March, well below market expectations for around 175k jobs. Adding insult to injury, revisions to the January and February data took off another 38k job. U.S. Nonfarm Payrolls, March 2017(see more posts on U.S. Nonfarm...

Swiss Franc EUR/CHF - Euro Swiss Franc, April 05(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The Swiss Franc may come under pressure tomorrow after Consumer Price Index inflation numbers are released. Inflation is expected to fall from 0.6% to 0.5% for the month of March and any weakening in the numbers could see the Swiss Franc weaken. Fridays unemployment data from Switzerland could also give a...