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Tag Archives: Federal Reserve

FX Daily, June 18: Markets Quiet Ahead of Triple Witching

Swiss Franc The Euro has risen by 0.14% to 1.0936 EUR/CHF and USD/CHF, June 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After some dramatic moves over in the immediate post-Fed period, the markets have quieted. The kind of volatility that is sometimes associated with triple witching expirations in the US may have already taken place. Asia Pacific equities were mixed, but the MSCI benchmark finished with...

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FX Daily, June 17: Fed Rocks the World

Swiss Franc The Euro has risen by 0.13% to 1.0911 EUR/CHF and USD/CHF, June 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A more hawkish than expected Federal Reserve sent the US dollar and interest rates higher and spurred an equity sell-off. The knock-on effect sent ripples through the capital markets today. Most equity markets in the Asia Pacific region fell. China, Hong Kong, and Taiwan were notable...

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FX Daily, June 03: Don’t Believe Sino-American Thaw or Fed’s Corporate Bond Divestment is a Policy Signal

Swiss Franc The Euro has risen by 0.06% to 1.0966 EUR/CHF and USD/CHF, June 03(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Market participants appear to be biding their time ahead of tomorrow’s US jobs report as they digest recent developments. The dollar is firmer, equities are mixed, and benchmark bond yields are a little firmer. China and Hong Kong shares continue their recent underperformance, while...

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FX Daily, June 02: The Dollar Snaps Back

Swiss Franc The Euro has risen by 0.13% to 1.0965 EUR/CHF and USD/CHF, June 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is enjoying broad, even if not large, gains today following yesterday’s recovery from three-year lows against sterling and four-year lows against the Canadian dollar. The greenback is firmer against all the major currencies. The Australian and New Zealand dollars the...

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FX Daily, May 26: RBNZ Joins the Queue, while Yuan’s Advance Continues

Swiss Franc The Euro has fallen by 0.13% to 1.0953 EUR/CHF and USD/CHF, May 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Daily Overview: The decline in US rates and the doves at the ECB pushing back against the need to reduce bond purchases next month have seen European bond yields unwind most of this month’s gain. The inability of US shares to hold on to early gains yesterday did not deter the Asia Pacific and...

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FX Daily, May 20: Market Stabilize after Yesterday’s Tumultuous Session

Swiss Franc The Euro has fallen by 0.18% to 1.0981 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: US equity indices finished lower, but the real story was their recovery. Asia Pacific equities were mixed, with Australia’s 1.5% rally leading the recovery in some markets, including Tokyo and Singapore.  Europe’s Dow Jones Stoxx 600 is up a little more than 0.5% near mid-session, led...

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FX Daily, May 18: Risk Appetites Return Bigly

Swiss Franc The Euro has fallen by 0.22% to 1.0951 EUR/CHF and USD/CHF, May 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: In Asia, equities markets rallied strongly, led by the more than 5% gain in Taiwan, the most in over a year as Monday’s 3% drop was more than overcome. The Nikkei gained more than 2% despite the deeper than expected contraction in Q1 GDP. Hong Kong, South Korea, and India also rose...

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FX Daily, May 10: The Dollar Remains on the Defensive

Swiss Franc The Euro has risen by 0.43% to 1.0976 EUR/CHF and USD/CHF, May 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Last week’s cyberattack on the largest US gasoline pipeline continues to lift oil and gasoline prices. The June gasoline futures gapped higher to extend last week’s 2.4% gain but has subsequently moved lower to enter the gap. June WTI is firm and holding above $65. The supply disruption...

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The Dollar and the Fed

One of the stark developments since the initial shock of the pandemic has been the aggressiveness of the US monetary and fiscal response. This was also true in dealing with the Great Financial Crisis. The divergence then and now had shaped the investment climate. On a per-capita basis, the pandemic struck the US harder than in most other high-income countries, and some see the wide disparity of income and wealth as a contributing factor. In any event, the vaccine...

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Get real, be real, and buy real – Part II

Interview with David Morgan: Part II of II Claudio Grass (CG): During the first wave of lockdowns and travel bans we saw a lot of disruptions in the physical precious metal market. With delivery delays and logistics problems, has the situation fully normalized today for physical silver, or are you seeing shortages? David Morgan (DM): We are still seeing shortages. I mean, the amount of investment demand set a record in 2020 and has remained robust in 2021. The pressure on the...

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