Tag Archives: EUR

Swiss Franc EUR/CHF - Euro Swiss Franc, February 02(see more posts on EUR/CHF, ) - Click to enlarge GBP / CHF Sterling vs the Swiss Franc exchange rate remains tentative this morning with the release of the Brexit strategy due to come out later today. A white paper is going to be published later with MPs backing the European Bill by 498 vote against 114 last night. The bill will be debated further in parliament...

Swiss Franc Switzerland SVME Purchasing Managers Index (PMI), January 2017(see more posts on Switzerland SVME PMI, ) Source: Investing.com - Click to enlarge GBP / CHF The pound still remains on the back foot against the Swiss Franc with rates for GBP CHF sitting just below 1.25 for this pair. The pound is struggling to gain momentum against all of the major currencies as Brexit is just around the corner. The...

Summary: Greece needs to implement its commitments in the next few weeks or it faces a new crisis. The more the government implements its commitments, the less public support it draws. New elections in Greece cannot be ruled out. The problem is uncomfortably familiar. Greece has a chunky payment due to its official creditors. Reports suggest that Greece has not completed much more than a third of the measures...

Summary: US official comments on the FX market appear to have increased in frequency. They are mostly warnings about a strong dollar, but not all comments are dollar-negative. Policy is the ultimate driver but comments pose headline risk. Although in office less than a fortnight,  the new US Administration is showing a disregard not only for the domestic convention but international agreements like on...

Swiss Franc EUR/CHF - Euro Swiss Franc, January 31(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The immigration imbroglio in the United States is being cited in various accounts for the price action, including yesterday’s drop in the S&P 500, where the intraday loss was the largest since before the election.  The drama is also being blamed for the dollar’s losses yesterday, which it is...

  Swiss Franc The EUR/CHF collapsed once again to 1.0650. This rate broke the 1.0680 – 1.0700 that constituted the previous intervention area. Reasons can be found in the weak U.S. GDP weak, in Trump’s foreign trade policy and in the strong Swiss trade balance. Who has understand the principles of the balance of payments, knows that private investors and the SNB must export the equivalent of the current account...

Swiss Franc EUR/CHF - Euro Swiss Franc , January 27(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Sterling Swiss Franc Exchange Rate Update Sterling vs the Swiss Franc has been going in an upwards direction this week after the Brexit verdict released on Tuesday morning. Initially this caused the Pound to fall vs the Swiss Franc but since then Sterling has continued to go upwards. Later today UK Prime...

Summary: Net exports was a large drag on growth. Inventories flattered growth. Underlying signal, final domestic demand, increased 2.5% after 2.1% in Q3. The first estimate of Q4 16 US GDP undershot expectations at 1.9%.Most had looked for annualized pace of a little more than 2% after the 3.5% pace in Q3.  The Q3 pace was always suspect given the unsustainable surge in agriculture (soy) exports.  Net exports...

Summary: Many are concerned that the dollar and interest rates have become decoupled. We are not convinced. Correlations, not to be eyeballed, are still robust. The US 10-year yield is at its highs for the year, and yet the US dollar has been struggling to gain traction.Some suggest that this means that the dollar rally is over.  Charts like this one are circulating among market participants. This  Great...

Swiss Franc The euro collapsed today, both against USD and CHF. One reason might be the new record for Swiss exports and for the Swiss trade balance. EUR/CHF - Euro Swiss Franc, January 26(see more posts on EUR/CHF, ) - Click to enlarge Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? The Pound has continued to climb throughout the week, after it was...