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Tag Archives: GBP

FX Daily, February 28: Trump Walks Away from North Korea. Should Beijing Worry?

Swiss Franc The Euro has fallen by 0.39% at 1.134 EUR/CHF and USD/CHF, February 28(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that the US-North Korean summit ended abruptly without an agreement spurred losses in equities and gains in the Swiss franc and Japanese yen. US President Trump willingness to walk away from the talks is important in and of...

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CNBC Clip: February 24 Brexit

We tried a CNBC hook-up in Asia via Skype on February 25. I did not think there would be a clip, but I stumbled on it looking for something else. Click here for the roughly 2.5-minute interview done from my apartment in NYC. The discussion is on Brexit and sterling. [embedded content] Related posts: Cool Video: Clip from CNBC Squawk Box FX Daily,...

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FX Daily, February 27: Dollar Trades Heavily, While Prospects of a Softer and Later Brexit Send Sterling Higher

Swiss Franc The Euro has fallen by 0.21% at 1.1366 EUR/CHF and USD/CHF, February 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: As the North American session is about to begin, the markets await developments in the UK House of Commons where a vote is expected today on Prime Minister May’s proposal to hold votes on around March 12 on the Withdrawal Bill and no...

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FX Daily, February 26: Brexit Dilution Lifts Sterling, while Yesterday’s Equity Rally Fades, Powell Awaited

Swiss Franc The Euro has fallen by 0.02% at 1.1363 EUR/CHF and USD/CHF, February 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The increased likelihood that Brexit is delayed and the possibility of a second referendum is helping lift sterling. As has been the case for most of the time since the June 2016 referendum, the prospects of a softer and/or later...

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FX Daily, February 25: Dollar Thumped on Confirmation of Tariff Delay while Stocks Advance

Swiss Franc The Euro has risen by 0.18% at 1.1358 EUR/CHF and USD/CHF, February 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The extension of the US-China tariff freeze had been telegraphed, but the confirmation is the single biggest driver of the day. Equities, led by a 5%+ advance in China, have rallied in Asia and Europe. Benchmark 10-year bond yields are...

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FX Weekly Preview: The Week Ahead

After a dismal end of 2018, investors are faring better through the first two- thirds of the Q1 19. Equity markets have recouped a good part of the late-2018 decline. Bond yields, however, have not returned to where they previously were. The tightening of financial conditions, which was both cause and effect of heightened anxiety among investors, and spooked some central bank have eased considerably. The volatility of...

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FX Daily, February 22: Markets Ending Week with A Whimper

Swiss Franc The Euro has fallen by 0.09% at 1.1333 EUR/CHF and USD/CHF, February 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets are winding down what appears to be an inconclusive week quietly and on a mixed note. The MSCI Asia Pacific Index is poised to snap a four-day advance but held on to a nearly 2% gain for the week. European...

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FX Daily, February 21: Aussie Slammed by Dalian Coal Embargo, While Firmer Flash PMI does Euro Little Good

Swiss Franc The Euro has risen by 0.04% at 1.1347 EUR/CHF and USD/CHF, February 21(see more posts on EUR/CHF, USD/CHF, ) Source: merkets.ft.com - Click to enlarge FX Rates Overview: The US dollar is firm against most major and emerging market currencies. There is more optimism on US-Chinese trade as a series of understandings are drafted, and an extension past March 1 of the tariff freeze is reportedly in the...

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FX Daily, February 20: US-China Trade and Brexit Dominate Ahead of FOMC Minutes

Swiss Franc The Euro has fallen by 0.12% at 1.1337 EUR/CHF and USD/CHF, February 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is narrowly mixed against the major currencies, but the strongest currency today is the Chinese yuan, following reports that US wants China to keep the yuan stable and not offset US tariffs with currency depreciation. The...

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FX Daily, February 19: Investors Need Fresh Incentives

Swiss Franc The Euro has fallen by 0.08% at 1.1345 EUR/CHF and USD/CHF, February 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Activity in the global capital markets is subdued as investors await fresh developments. New wording for the Irish backstop apparently is being drafted. US-China trade talks resume. No decision has been made on US auto tariffs, but...

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