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Tag Archives: Germany GfK Consumer Climate

FX Daily, March 28: Three Developments Shaping Month-End

Swiss Franc The Euro has risen by 0.34% to 1.1779 CHF. EUR/CHF and USD/CHF, March 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Today may be the last day of full liquidity until next Tuesday, after the Easter holidays. We identify three developments that are characterizing the end of the month, quarter, and for some countries and companies, the fiscal year. Equity...

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FX Daily, January 25: And Now, a Word from Draghi

Swiss Franc The Euro has fallen by 0.59% to 1.1656 CHF. EUR/CHF and USD/CHF, January 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates With a backdrop of concern about US protectionism and a possible abandonment of the 23-year old strong dollar policy, and among the weakest sentiment toward the dollar in at least a decade, the ECB takes center stage. What a turn of events...

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FX Daily, November 28: Greenback Ticks Up in Cautious Activity

Swiss Franc The Euro has risen by 0.10% to 1.1687 CHF. EUR/CHF and USD/CHF, November 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is consolidating its recent losses with a small upside bias. What promises to be an eventful week has begun with the Bank of England stress test and the publication of the Fed’s Powell prepared remarks for his confirmation...

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FX Daily, October 26: Draghi’s Day

Swiss Franc The Euro has fallen by 0.27% to 1.1656 CHF. EUR/CHF and USD/CHF, October 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates It is all about the ECB meeting today. The market was hoping for more details last month, but Draghi pointed to today. The broad issue is well known. While growth has been strong, price pressures are still not, according to the ECB, on a...

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FX Daily, August 29: Dollar Losses Accelerate After North Korea Sends Missile over Japan

Swiss Franc The Euro has fallen by 0.57% to 1.1374 CHF. EUR/CHF and USD/CHF, August 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates A brief period of quiet, which some may have confused with a change in posture, North Korea followed up the weekend’s test of three ballistic missiles with what appears to have been an intermediate missile that flew over Japan. South Korea...

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FX Daily, July 27: Dollar Remains on the Defensive

Swiss Franc The Euro has risen by 0.82% to 1.1244 CHF. EUR/CHF and USD/CHF, July 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is narrowly mixed after selling off following the FOMC statement. Sometimes the narrative explains the price action, and sometimes the price action explains the narrative. This seems to be the case of the latter. The dollar and...

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FX Daily, May 24: Dollar Consolidates, While Market Shrugs Off China Downgrade

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...

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FX Daily, April 27: Several Developments ahead of the ECB meeting

Swiss Franc EUR/CHF - Euro Swiss Franc, April 27(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The ECB meeting and the press conference that follows it is the main event.  However, it has had to compete with the Bank of Japan and Riksbank meetings, as well as the further reflection of the tax reform proposals by the Trump Administration yesterday.  Also, after a misdirection over pulling out of...

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FX Daily, March 23: Some Thoughts about the Recent Price Action

Swiss Franc EUR/CHF - Euro Swiss Franc, March 23(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The gains the US dollar scored last month have been largely unwound against the major currencies. The dollar’s losses against the yen are a bit greater, and it returned to levels not seen late last November. The down draft in the dollar appears part of a larger development in the capital markets that has...

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FX Daily, January 26: EUR/CHF collapses to 1.670

Swiss Franc The euro collapsed today, both against USD and CHF. One reason might be the new record for Swiss exports and for the Swiss trade balance. EUR/CHF - Euro Swiss Franc, January 26(see more posts on EUR/CHF, ) - Click to enlarge Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? The Pound has continued to climb throughout the week, after it was...

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