Swiss Franc The Euro has risen by 0.42% to 1.0791 EUR/CHF and USD/CHF, June 3(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Two recent trends continue. Equities are moving higher, and the dollar remains heavy. Equity markets in the Asia Pacific region rose at least one percent, and South Korea, Singapore, and Malaysia rallied 2-3%. Europe’s Dow Jones Stoxx 600 is up more than 1% for the third consecutive...
Read More »FX Daily, May 28: Escalating Tensions, Calm Markets
Swiss Franc The Euro has risen by 0.30% to 1.0686 EUR/CHF and USD/CHF, May 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US Secretary of State’s announcement that the autonomy of Hong Kong could no longer be affirmed did not derail the rally in US equities. However, the threat of an executive order against social media companies may be discouraging follow-through buying, leaving US equities little...
Read More »FX Daily, May 20: Fed Funds Futures No Longer Imply Negative Rates
Swiss Franc The Euro has fallen by 0.13% to 1.0592 EUR/CHF and USD/CHF, May 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Another late sell-off of US equities, ostensibly on questions over Moderna’s progress on a vaccine, failed to deter equity gains in the Asia Pacific region. China was a notable exception, but the MSCI Asia Pacific Index rose for the fourth consecutive session. European shares are little...
Read More »FX Daily, May 19: Optimism Burns Eternal
Swiss Franc The Euro has risen by 0.08% to 1.0601 EUR/CHF and USD/CHF, May 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Hopes for a vaccine and a German-French proposal to break the logjam at the EU for a joint recovery effort helped propel equities higher yesterday. There was strong follow-through in the Asia Pacific region, where most markets advanced by more than 1% today. However, the bloom came off...
Read More »FX Daily, May 15: Much Talk but Little Action
Swiss Franc The Euro has risen by 0.10% to 1.0522 EUR/CHF and USD/CHF, May 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 staged an impressive recovery yesterday, a sell-off that took it to its lowest level since April 21, to close more than 1% higher on the day, helped set the tone in the Far East and Europe today. Gains in most Asia Pacific markets, but Hong Kong, Shanghai, and India,...
Read More »FX Daily, May 7: China Reports an Unexpected Jump in Exports, While Norway Surprises with a Rate Cut
Swiss Franc The Euro has risen by 0.10% to 1.0532 EUR/CHF and USD/CHF, May 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is a sense of indecision in the air today. There have been several developments, but investors seem mostly reluctant to extend positions. China reported a surge in exports in April and an increase in the value of reserves. Australia reported a rise in exports in March. The Bank of...
Read More »FX Daily, April 30: ECB Takes Center Stage
Swiss Franc The Euro has fallen by 0.38% to 1.0545 EUR/CHF and USD/CHF, April 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities continue to recover even as deep economic contractions are reported. Yesterday, the US said Q1 GDP contracted at an annualized pace of 4.8%, while the eurozone reported today that output fell 3.8% quarter-over-quarter in Q1. Hong Kong and South Korea were closed, but the rest...
Read More »FX Daily, April 28: Oil’s Slides before Steadying, while Easing of Lockdowns Support Risk-Taking
Swiss Franc The Euro has risen by 0.04% to 1.0563 EUR/CHF and USD/CHF, April 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities are building on yesterday’s gains. The MSCI Asia Pacific Index rose 2% yesterday and edged higher today. Shanghai and Austalia stand out as exceptions. In Europe, the Dow Jones Stoxx 600 is extending yesterday’s 1.8% gain to reach its best level since March 11. Today would be...
Read More »FX Daily, April 27: Equities Rally and the Dollar Eases to Start the Week
Swiss Franc The Euro has risen by 0.42% to 1.0572 EUR/CHF and USD/CHF, April 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are beginning the new week on an upbeat note. All the markets in the Asia Pacific region rallied, led by more than 2% gains in the Nikkei and Taiwan. European bourses are higher. All the industry groups are participating and financials and consumer discretionary...
Read More »FX Daily, April 24: Markets Limp into the Weekend
Swiss Franc The Euro has risen by 0.05% to 1.052 EUR/CHF and USD/CHF, April 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The reversal in US equities yesterday set the stage for today’s losses. All the Asia Pacific bourses fell today but Australia. For the week, the regional index is off more than 2%. Europe’s Dow Jones Stoxx 600 was flat for the week coming into today’s sessions. It is off around 0.5% in...
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