Swiss Franc The euro is lower at 1.0854 (-0.06%). EUR/CHF - Euro Swiss Franc, June 05(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is beginning what promises to be an important week on a steady to firmer note against most of the major currencies. It is a holiday in parts of Europe (e.g.,m Germany and Switzerland). Although excitement is not until Thursday’s ECB meeting, UK election, and...
Read More »FX Weekly Review, May 29 – June 03: Dollar Dogged by Disappointing Data
Swiss Franc vs USD and EUR While the Euro traded in the range between 1.08 and 1.09, the dollar declined by nearly 3%. Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency basket)On a three years interval, the Swiss Franc had a weak performance. The dollar index was far stronger. The dollar makes up 33% of the SNB portfolio and 25% of Swiss...
Read More »FX Daily, June 02: Dollar Marks Time Ahead of US Jobs Report
Swiss Franc The euro has depreciated by 0.24% to 1.0868 CHF. EUR/CHF - Euro Swiss Franc, June 02(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The foreign exchange market is becalmed, leaving the US dollar narrowly mixed. The euro has been confined to less than a 20-pip range through the Asian session and most of the European morning. The news stream is light. The US withdrawal from the Paris Accord...
Read More »FX Daily, June 01: Greenback Steadies at Lower Levels, Sterling Struggles
Swiss Franc The Euro has risen by 0.01% to 1.0883 CHF. EUR/CHF - Euro Swiss Franc, June 01(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is mostly firmer against the major currencies. It is consolidating yesterday’s losses more than staging much of a recovery. Even sterling, where a YouGov poll has the Tory lead at three percentage points, down from seven previously, is above yesterday’s...
Read More »FX Daily, May 31: Sterling Takes it On the Chin
Swiss Franc The euro is lower at 1.0885 (-0.18%). EUR/CHF - Euro Swiss Franc, May 31(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Corbyn gains on the Tories. Theresa May calling a snap general selection seemed to be a wise move while the opposition was so weak. With a Tory victory seeming almost inevitable at that point Sterling strengthened against the majority of major currencies. This is due to a...
Read More »FX Daily, May 30: Mixed Dollar as Market Awaits Preliminary EMU CPI and US Jobs
Swiss Franc The euro is lower at 1.0901 (-0.11%). EUR/CHF - Euro Swiss Franc, May 30(see more posts on EUR/CHF, ) - Click to enlarge FX Rates With the backdrop of US interest rates unable to get much traction, despite the strong probability of another Fed rate hike in a couple of weeks, the third since last November election, the US dollar mixed today. The chief story today, though, is not the greenback but the...
Read More »FX Weekly Review, May 22 – 27: Is the Dollar Going To Turn?
Swiss Franc vs USD and EUR The Federal Reserve is on track to hike rates in the middle of June. It will be the third hike since the November election. In addition to keeping the door open to another hike this year, the Federal Reserve has signaled its intention to begin, however slowly, the reduction of its balance sheet. In the meantime, regardless of potential changes in its risk assessment, the ECB is unlikely to...
Read More »FX Daily, May 26: Anxiety Levels Rise Ahead of Weekend
Swiss Franc The Euro has fallen by 0.01% to 1.0902 CHF. EUR/CHF - Euro Swiss Franc, May 26(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The markets are unsettled. It is not so much in the magnitude of moves as the breadth of the move. The nearly 1% rally in gold is a tell, but also the inability of equity market to follow the lead of the US markets, where the S&P 500 and NASDAQ set new records. US...
Read More »FX Daily, May 25: Euro Strength more than Dollar Weakness
Swiss Franc The Euro has fallen by 0.14% to 1.0903 CHF. EUR/CHF - Euro Swiss Franc, May 25(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Pound to Swiss Franc exchange rates have seen a choppy day of trading but almost no net movement whatsoever, with the percentage difference on buying Swiss Franc rates since the opening bell at a paltry 0.01%. Why the quiet market? We are at the back end of the month...
Read More »FX Daily, May 23: Greenback Remains Soft
Swiss Franc EUR/CHF - Euro Swiss Franc, May 23(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar cannot get out of its own way, it seems. With a light economic schedule, there is little to offset the continued drumbeat of troubling political developments. The latest turn, as reported first in the Washington Post, that President Trump asked heads of intelligence groups to also publicly deny...
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