Tag Archives: EUR

Swiss Franc EUR/CHF - Euro Swiss Franc, December 02(see more posts on EUR/CHF, ). - Click to enlarge Federal Reserve The capital markets are finishing the week amid speculation that the driving forces of the past three weeks are ebbing.  Global equities and the dollar may be snapping three-week advances.  The issue is whether it is a consolidation or trend change.   The former is a more prudent assumption until...

Summary: UK could pay for single market access. UK’s position still seems fluid. The Supreme Court will hear the government’s appeal next week. Sterling has been lifted to its best since October 6 on the back of comments by UK’s Brexit Minister Davis.  In answer to questions in Parliament, Davis acknowledged that access to the EU single market might be secured by the UK paying for it. He talked about making a...

Swiss Franc EUR/CHF - Euro Swiss Franc, November 30(see more posts on EUR/CHF, ). - Click to enlarge Rates for buying Swiss Francs dollars remain incredibly subdued post Brexit but there has been a general improvement over the last month. Rates for the moment appear to have found support over 1.24 for GBP CHF and this has largely come about following the Trump US presidential election victory. Despite a leaked...

Swiss Franc EUR/CHF - Euro Swiss Franc, November 30(see more posts on EUR/CHF, ). - Click to enlarge Rates for buying Swiss Francs dollars remain incredibly subdued post Brexit but there has been a general improvement over the last month. Rates for the moment appear to have found support over 1.24 for GBP CHF and this has largely come about following the Trump US presidential election victory. Despite a leaked...

Swiss Franc EUR/CHF - Euro Swiss Franc, November 29(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar correctly lowered yesterday, but most of the selling was over by the end of the Asian session, and the greenback steadied in Europe and North America.  The dollar is firm against the euro and yen but within yesterday’s broad trading ranges.  The Australian and Canadian dollar’s gains from...

Swiss Franc EUR/CHF - Euro Swiss Franc, November 28(see more posts on EUR/CHF, ). - Click to enlarge FX Rates As soon as markets opened in Asia, the greenback was sold, and corrective forces that had been nipping below the surface took hold. The euro, which had finished last week below $1.0590, rallied nearly a cent. Before the weekend, the greenback had pushed to almost JPY114, an eight-month high,  before...

Summary: Forces emanating from the US and Europe are driving the capital markets. The moves may be stretched technically, but the market adjustment has further to run as not even two Fed hikes are discounted for next year. European political concerns and an ECB expected to continue its asset purchases have driven German 2-year yields to new record lows. There are powerful moves underway in the capital...

Swiss Franc EUR/CHF - Euro Swiss Franc, November 25(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar’s recent gains are being trimmed today, and it is down against all the major currencies. Many emerging market currencies, including the Turkish lira, Indian rupee, and Hungarian forint are firmer today. The dollar’s losses are minor, and the forces that drove it higher remain intact. One of...

Summary: Euro fell to new 20-month lows before steadying. The dollar extended its recovery against the yen. Emerging markets remained under pressure, and Turkey’s central bank surprised with a 50 bp hike in the repo rate. While US markets were closed for the celebration of Thanksgiving, the underlying trends remained intact. Here is a summary of several developments. The euro edged to a new low, a little below...

Swiss Franc EUR/CHF - Euro Swiss Franc, November 23(see more posts on EUR/CHF, ). Source: - Click to enlarge The GBPCHF rate has slipped a little in early morning trading today as investors await the UK budget due today. Amongst the usual leaks and rumours there appears likely to be a budget which will not be overly generous as some expect but will seek to keep the UK economy on a fairly stable course. UK...