Swiss Franc The Euro has fallen by 0.08% at 1.1372 EUR/CHF and USD/CHF, May 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Contrary to hopes and expectations, the US made good on the presidential tweet and raised the tariff on around $200 bln of Chinese goods from 10% to 25%. Trump indicated that the process that will levy a 25% tariff on the remaining Chinese...
Read More »Dollar and Yen Rise Amid Heightened Anxiety
With what promises to be an acrimonious G7 meeting, from which the isolated US President will depart early, and a broadening pressure in emerging markets, the US dollar turned better bid late yesterday and is recovering further today. Disappointing April industrial production figures in Germany and France did not do the euro any favors. Sterling is faring better than the euro after Prime Minister May survived yet...
Read More »FX Daily, April 09: Asian and European Equities Shrug Off US Decline
Swiss Franc The Euro has risen by 0.10% to 1.1786 CHF. EUR/CHF and USD/CHF, April 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates US shares slumped before the weekend amid concern that Trump Administration was prepared to escalate the trade tensions with China. However, cooler heads are prevailing, and there is a recognition that the conflict is still in the posturing...
Read More »FX Daily, March 09: Today is about Jobs, but Not Really
(About to set off on another business trip. I will spend the next two weeks in Asia. The updates will be sporadic. Thanks for your patience.) Swiss Franc The Euro has fallen by 0.01% to 1.1706 CHF. EUR/CHF and USD/CHF, March 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US Administration has softened its initial hardline position of no exemptions for the new...
Read More »FX Daily, February 08: Dollar Firms, While Equities Search for Stability
Swiss Franc The Euro has fallen by 0.43% to 1.152 CHF. EUR/CHF and USD/CHF, February 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The swings in the equity markets are subsiding, bond yields are firm and the US dollar is extending its recovery. Although US equities closed lower, the MSCI Asia Pacific Index snapped a four-day drop by posting a 0.25% gain. However, the...
Read More »FX Daily, January 09: Dollar Correction Extended
Swiss Franc The Euro has risen by 0.31% to 1.1725 CHF. EUR/CHF and USD/CHF, January 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar’s upside correction that began before the weekend has been extended in Asia and Europe today. The main exception is the Japanese yen. The yen’s modest gains have been registered despite the firmness in US rates and continued...
Read More »FX Daily, December 08: Brexit Talks Move to Stage II, While Greenback Remains Firm
Swiss Franc The Euro has fallen by 0.21% to 1.1679 CHF. EUR/CHF and USD/CHF, December 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Sufficient progress will be judged to have been made, and negotiations of the separation between the UK and EU will be allowed to enter the second stage. The formal decision will be made at next week’s EU summit. To be sure, “sufficient...
Read More »FX Daily, October 10: Dollar Pullback Extended
Swiss Franc The Euro has risen by 0.06% to 1.1507 CHF. EUR/CHF and USD/CHF, October 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar’s advance faltered before the weekend after rise average hourly earnings and a new cyclical low in unemployment and underemployment initially fueled greenback buying. There is no doubt the data was skewed by the storms, though...
Read More »FX Daily, September 08: US Dollar Tracks Yields Lower
Swiss Franc The Euro has fallen by 0.28% to 1.1393 CHF. EUR/CHF and USD/CHF, September 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has been unable to find any traction as US yields continue to move lower. The US 10-year year is slipping below 2.03% in European turnover, the lowest level in ten months. The risk, as we have noted, is that without...
Read More »FX Daily, August 08: Trade Featured as Dollar Drifts Lower
Swiss Franc The euro has depreciated by 0.17 to 1.1451 CHF. EUR/CHF and USD/CHF, August 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has a slightly lower bias today, but the against most of the major currencies, it is consolidating within the range set at the end of last week. The main exceptions are sterling and the Canadian dollar. They had extended...
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