Tag Archives: GBP

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...

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...

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...

Summary: No impact from the latest North Korean missile test. Polls suggest Tories still ahead for the June 8 election. Prospects of an Italian election this year weighed on Italian stocks and bonds. The markets of the world’s two largest economies, the US and China were closed on Monday, May 29.    As one would expect, capital markets were mostly quiet. Even the launch of another ballistic missile test by...

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...

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...

Swiss Franc EUR/CHF - Euro Swiss Franc, May 24(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Labour gains ground The Conservatives were in a very strong position following the election announcement. A snap election historically causes the currency in question to weaken, but on this occasion the opposite occurred. A Torie victory is deemed to be positive for the UK economy. Investor confidence grew and...

Summary: The dollar’s downside momentum faded today, but it has not shown that it has legs. Watch 96.45 in the DXY and $1.3055 in sterling. The US 2-year note yield is low, given expectations for overnight money. The US premium needs to widen. The US dollar’s downside momentum faded today. While one should not read much into it, it could be an early sign that the market has discounted the recent news stream,...

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...

Swiss Franc EUR/CHF - Euro Swiss Franc, May 22(see more posts on EUR/CHF, ) - Click to enlarge FX Rates After being shellacked last week, the US dollar is trading with a firmer bias against all the major currencies, but the euro and New Zealand dollar. To be sure, it is not that a new development has emerged to take investors’ minds from intensifying political uncertainty in the US. Rather it seems to be simply...