Swiss Franc EUR/CHF - Euro Swiss Franc, December 13(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is little changed against most of the major currencies. The dollar finished yesterday’s North American session on a soft note, but follow through selling has been limited. After rallying to near 10-month high above JPY116 yesterday, the greenback finished on session lows near JPY115.00. ...
Read More »FX Daily, December 13: Narrowly Mixed Dollar Conceals Resilience
Swiss Franc EUR/CHF - Euro Swiss Franc, December 13(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is little changed against most of the major currencies. The dollar finished yesterday’s North American session on a soft note, but follow through selling has been limited. After rallying to near 10-month high above JPY116 yesterday, the greenback finished on session lows near JPY115.00. ...
Read More »FX Daily, December 12: Dollar and Yen Trade Lower to Start the Week
Swiss Franc The EUR/CHF improved today. The OPEC-non-OPEC agreement was the reason. Always when oil gets more expensive, the euro, gold, CHF and the whole “Asian bloc” rises against dollar and yen. Still it was astonishing that the euro improved more against USD than the inflation hedge CHF. Reason might be that investors now consider the ECB the most dovish central bank. Higher oil prices, however, may lead to more...
Read More »FX Daily, December 12: Dollar and Yen Trade Lower to Start the Week
Swiss Franc The EUR/CHF improved today. The OPEC-non-OPEC agreement was the reason. Always when oil gets more expensive, the euro, gold, CHF and the whole “Asian bloc” rises against dollar and yen. Still it was astonishing that the euro improved more against USD than the inflation hedge CHF. Reason might be that investors now consider the ECB the most dovish central bank. Higher oil prices, however, may lead to more...
Read More »FX Weekly Preview: What the FOMC Says may be More Important than What it Does
Summary: FOMC meeting is the last highlight of the year. OPEC and non-OPEC producers strike a deal: optics good and that can lift prices further in near term. Italy will have a new Prime Minister, the fourth unelected PM. Provided that the Federal Reserve delivers the widely tipped and expected 25 bp hike in the Fed funds target range, the key to investors’ reaction will be a function of the FOMC statement and...
Read More »FX Weekly Preview: What the FOMC Says may be More Important than What it Does
Summary: FOMC meeting is the last highlight of the year. OPEC and non-OPEC producers strike a deal: optics good and that can lift prices further in near term. Italy will have a new Prime Minister, the fourth unelected PM. Provided that the Federal Reserve delivers the widely tipped and expected 25 bp hike in the Fed funds target range, the key to investors’ reaction will be a function of the FOMC statement and...
Read More »FX Daily, December 09: Euro Chopped Lower before Stabilizing
Swiss Franc EUR/CHF - Euro Swiss Franc, December 09(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge FX Rates The euro has stabilized after extending yesterday’s ECB-driven losses. The euro’s drop yesterday was the largest since the UK referendum to leave the EU. Ahead of the weekend, there may be some room for additional corrective upticks, but they will likely be limited, with the $1.0650...
Read More »FX Daily, December 09: Euro Chopped Lower before Stabilizing
Swiss Franc EUR/CHF - Euro Swiss Franc, December 09(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge FX Rates The euro has stabilized after extending yesterday’s ECB-driven losses. The euro’s drop yesterday was the largest since the UK referendum to leave the EU. Ahead of the weekend, there may be some room for additional corrective upticks, but they will likely be limited, with the $1.0650...
Read More »FX Daily, December 08: Dollar Heavy into ECB
Swiss Franc The ECB prolonged its bond purchases, which came unexpected for markets. Consequently the EUR/CHF lost nearly half of its big gains that it registered in the beginning of the week. The ECB expects lower inflation for longer, which makes the life for the SNB harder for longer. EUR/CHF - Euro Swiss Franc, December 08(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge GBP/CHF rates...
Read More »FX Daily, December 08: Dollar Heavy into ECB
Swiss Franc The ECB prolonged its bond purchases, which came unexpected for markets. Consequently the EUR/CHF lost nearly half of its big gains that it registered in the beginning of the week. The ECB expects lower inflation for longer, which makes the life for the SNB harder for longer. EUR/CHF - Euro Swiss Franc, December 08(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge GBP/CHF rates...
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