Tag Archives: EUR

Summary: Draghi will like emphasis inflation is the key to policy and ECB is committed using allow for its technical tools to achieve its legal mandate. Key decisions will be made in December. The more the euro rises against sterling, the greater the pressure for the euro to fall against the dollar. Mario Draghi - Click to enlarge The ECB meets tomorrow. Few, if any, are expecting fresh action. The...

  Swiss Franc and Sterling (Tom Holian) According to Bank of England deputy governor Ben Broadbent the drop in the value of Sterling has helped to stop the UK economy from falling further since the shock of the Brexit vote. He went on to say ‘in the shape of the referendum, we’ve had exactly one of those shocks’ and added that the Bank of England would not interfere with monetary policy to boost the Pound’s value....

Swiss Franc EUR/CHF - Euro Swiss Franc, October 17 2016(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar is consolidating in relatively narrow trading ranges. Participants appear to be waiting for fresh incentives, while the recent rise yields continue and equities have begun the new week on a soft note. Yellen spoke before the weekend, and her explicit willingness to tolerate higher...

Swiss Franc EUR/CHF - Euro Swiss Franc, October 17 2016(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar is consolidating in relatively narrow trading ranges. Participants appear to be waiting for fresh incentives, while the recent rise yields continue and equities have begun the new week on a soft note. Yellen spoke before the weekend, and her explicit willingness to tolerate higher...

United States Of the forces driving prices in the week ahead, events appear more important than economic reports. There are four such events that investors must navigate. The Bank of Canada and the European Central Bank meet.  The UK High Court will deliver its ruling on the role of Parliament in Brexit.  The rating agency DBRS updates its credit rating for Portugal. The Bank of Canada is not going to change interest...

With the strong ISM non-manufacturing PMI last week, long positions on the dollar are increasing, while speculators increase their euro and Swiss Franc shorts. CHF net shorts increased to 9.4 K positions. That the euro has depreciated against CHF, is possibly caused by real, non-speculative money into CHF, i.e. money in the form of cash and stock purchases. We will get more information tomorrow when the SNB sight...

Swiss Franc  EUR/CHF - Euro Swiss Franc, October 14 2016(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar is firm against most of the major currencies, but within yesterday’s ranges, which seems somewhat fitting amid the light new stream. The high-yielding Australian and New Zealand dollars are resisting the stronger greenback, while on the week the Aussie and the Canadian dollar are the...

Swiss Franc The EUR/CHF remains in the range of 1.0815 to 1.0980. The SNB usually intervenes below 1.0850. I am expecting that speculators are reducing their CHF short positions. More tomorrow. EUR/CHF - Euro Swiss Franc, October 13 2016(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar is firm, and the euro has slipped below $1.10 for the first time since late-July. Although the dollar’s...

Summary: The increase in the yen’s share of reserves was flattered by the yen’s 9% appreciation. The dollar and euro’s share of reserves were stable. Chinese integration has seen the share of unallocated reserves fall. Starting with Q3 data, (available end of March 2017) will break out the yuan’s share of reserves. The IMF provides the most authoritative data on central bank reserves. The composition is...

Swiss Franc EUR/CHF Overview, October 12 2016(see more posts on EUR/CHF, ) - Click to enlarge FX Rates News that UK Prime Minister May has accepted that Parliament should vote on her plan for exiting the EU stopped sterling’s headlong slide. Sterling had been pounded for roughly 8.5 cents since the start of the month including the last four sessions. The idea that parliament, where the Conservatives enjoy a...