Swiss Franc EUR/CHF - Euro Swiss Franc, December 13(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is little changed against most of the major currencies. The dollar finished yesterday’s North American session on a soft note, but follow through selling has been limited. After rallying to near 10-month high above JPY116 yesterday, the greenback finished on session lows near JPY115.00. ...
Read More »Busy Week for the UK
Summary: The UK reports inflation, employment and retail sales this week. The BOE meets but will keep rates steady. The US 2-year premium over the UK is the highest since at least 1992 today. United Kingdom While the Federal Reserve meeting is the highlight this week, the UK has a number economic reports and the Bank of England’s Monetary Policy Committee meets. The UK reports inflation tomorrow, followed...
Read More »Busy Week for the UK
Summary: The UK reports inflation, employment and retail sales this week. The BOE meets but will keep rates steady. The US 2-year premium over the UK is the highest since at least 1992 today. United Kingdom While the Federal Reserve meeting is the highlight this week, the UK has a number economic reports and the Bank of England’s Monetary Policy Committee meets. The UK reports inflation tomorrow, followed...
Read More »Busy Week for the UK
Summary: The UK reports inflation, employment and retail sales this week. The BOE meets but will keep rates steady. The US 2-year premium over the UK is the highest since at least 1992 today. United Kingdom While the Federal Reserve meeting is the highlight this week, the UK has a number economic reports and the Bank of England’s Monetary Policy Committee meets. The UK reports inflation tomorrow, followed...
Read More »FX Daily, December 12: Dollar and Yen Trade Lower to Start the Week
Swiss Franc The EUR/CHF improved today. The OPEC-non-OPEC agreement was the reason. Always when oil gets more expensive, the euro, gold, CHF and the whole “Asian bloc” rises against dollar and yen. Still it was astonishing that the euro improved more against USD than the inflation hedge CHF. Reason might be that investors now consider the ECB the most dovish central bank. Higher oil prices, however, may lead to more...
Read More »FX Daily, December 12: Dollar and Yen Trade Lower to Start the Week
Swiss Franc The EUR/CHF improved today. The OPEC-non-OPEC agreement was the reason. Always when oil gets more expensive, the euro, gold, CHF and the whole “Asian bloc” rises against dollar and yen. Still it was astonishing that the euro improved more against USD than the inflation hedge CHF. Reason might be that investors now consider the ECB the most dovish central bank. Higher oil prices, however, may lead to more...
Read More »FX Daily, December 07: Greenback is Broadly Steady While Sterling Slides
Swiss Franc EUR/CHF - Euro Swiss Franc, December 07(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge The pound has seen a very marked turnaround against the Swiss Franc with almost 8 cents gained in the last few weeks. GBP/CHF appears to have 1.30 in its sights and at this pace it should be there in record time. This week sees a number of political events which are playing out into the...
Read More »FX Daily, December 06: You Can Almost Hear a Pin Drop
Swiss Franc EUR/CHF - Euro Swiss Franc, December 06(see more posts on EUR/CHF - Euro Swiss Franc, ) - Click to enlarge FX Rates The foreign exchange market is quiet. Ranges are narrow, with the US dollar mostly consolidating against the major currencies. Given the push lower yesterday, the shallowness of its recovery warns of the greenback’s downside correction after strong gains last month may not be...
Read More »FX Daily, December 05: Dollar Comes Back Bid, but Still Vulnerable to Corrective Pressures
Swiss Franc EUR/CHF - Euro Swiss Franc, December 05(see more posts on EUR/CHF, ). - Click to enlarge FX Rates After softening ahead of the weekend, the US dollar has begun the new week on a firm note. It is gaining against most major and emerging market currencies. Outside of what appears to be a staged call between US President Elect Trump and the Taiwanese President, the developments in Europe grabbed the...
Read More »FX Weekly Preview: Focus Shifts toward Europe
Summary: US developments have driven the dollar rally and bond market decline over the past three weeks. Attention shifts to European politics and the ECB meeting. Bank of Canada and the Reserve Bank of Australia meet but are unlikely to change policy. United States There were significant moves in interest rates and currencies last month. The drama was primarily spurred by the solidification of expectations...
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