Swiss Franc The Euro has fallen by 0.05% to 1.1678 CHF. EUR/CHF and USD/CHF, December 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is confined to narrow ranges against the euro and yen, straddling unchanged levels in the Asian session and the European morning. The action in elsewhere. The British pound is the weakest of the majors, paring 0.4% against...
Read More »German Politics: What’s Next?
Summary: Coalition talks will resume in the coming days, and failing this a minority government is more likely than new elections. The is a general agreement among the political elites, and a hubris of small differences. The rate differentials and cross currency swaps show the incentive structure for holding dollars is increasing. Talks to forge a new coalition government in Germany passed the self-imposed...
Read More »FX Daily, October 24: Dollar Treads Water as 10-year Yield Knocks on 2.40percent
Swiss Franc The Euro has risen by 0.51% to 1.1627 CHF. EUR/CHF and USD/CHF, October 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is narrowly mixed in mostly uneventful turnover in the foreign exchange market. There is a palpable sense of anticipation. Anticipation for the ECB meeting on Thursday, which is expected to see a six or nine-month extension of...
Read More »FX Daily, September 22: Markets Limp into the Weekend
Swiss Franc The Euro has risen by 0.05% to 1.1595 CHF. EUR/CHF and USD/CHF, September 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The cycle of sanctions, recriminations, and provocative actives continues as the Trump Administration leads a confrontation with North Korea. The US announced yesterday new round of sanctions on North Korea. Reuters reported that the...
Read More »FX Daily, September 5: Greenback Mixed, North Korea and PMIs in Focus
Swiss Franc The Euro has risen by 0.07% to 1.1406 CHF. EUR/CHF and USD/CHF, September 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Reports suggesting that North Korea is moving an ICBM missile toward launch pad in the western part of the country at night to minimize detection, while South Korea is escalating its military preparedness and the US seeks new...
Read More »FX Daily, August 03: Dollar-Bloc Currencies Turning, but Euro Downticks Limited
Swiss Franc The Euro has fallen by 0.10% to 1.1496 CHF. EUR/CHF and USD/CHF, August 03(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The high-flying dollar-bloc currencies may be a preliminary sign market change. The US dollar is gaining on the Canadian dollar for the fourth consecutive session. It is probing resistance we identified in the $1.2620 area. The US...
Read More »FX Daily, July 24: Euro Recovers from Softer Flash PMI
Swiss Franc The Euro has fallen by 0.17% to 1.1009 CHF. EUR/CHF and USD/CHF, July 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The euro made a marginal new high in early Asia, but participants rightly drew cautious ahead of the flash eurozone PMI. The flash PMI was softer than expected, and although the composite fell to six monthly lows, it is more a...
Read More »FX Daily, June 05: US Dollar Starts Important Week Mostly Stable to Higher
Swiss Franc The euro is lower at 1.0854 (-0.06%). EUR/CHF - Euro Swiss Franc, June 05(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is beginning what promises to be an important week on a steady to firmer note against most of the major currencies. It is a holiday in parts of Europe (e.g.,m Germany and Switzerland). Although excitement is not until Thursday’s ECB meeting, UK election, and...
Read More »FX Daily, May 23: Greenback Remains Soft
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...
Read More »FX Daily, May 04: Greenback Struggles to Sustain Upticks, Though Odds of June Hike Rise
Swiss Franc EUR/CHF - Euro Swiss Franc, May 04(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is struggling to maintain even modest upticks against the euro and sterling despite the recognition of the increased likelihood of a June Fed hike. Bloomberg sees current pricing in the Fed funds as making a hike in June a near certainty (97.5%), while the CME and our own calculation...
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