Swiss Franc The Euro has fallen by 0.22% to 1.0792 EUR/CHF and USD/CHF, January 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is regaining ground lost in yesterday’s setback against the major currencies. Sterling is the notable exception. It was toying with the $1.37 area, perhaps helped by the Governor of the Bank of England signal that there still are hurdles to adopting negative interest...
Read More »FX Daily, January 12: Markets Catch Collective Breath
Swiss Franc The Euro has fallen by 0.04% to 1.081 EUR/CHF and USD/CHF, January 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets were stabilizing today after dramatic moves yesterday. Equity markets are recovering, and the dollar is paring yesterday’s gains. Most equity markets in the Asia Pacific region rose, though Taiwan, South Korea, and Australia were notable exceptions. Europe’s Dow...
Read More »FX Daily, January 08: Can the Dollar Find Traction Even if the Employment Data Disappoint?
Swiss Franc The Euro has fallen by 0.32% to 1.0825 EUR/CHF and USD/CHF, January 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global equity rally picked up this week as it closed in 2019. The MSCI Asia Pacific Index gained today and is up in nine of the past 10 sessions. It has fallen only in one week since the end of October. South Korea’s Kospi led today’s advance with a nearly 4% rally on the back...
Read More »FX Daily, November 6: A Pause that Refreshens?
Swiss Franc The Euro has fallen by 0.03% to 1.0685 EUR/CHF and USD/CHF, November 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors have piled into risk assets this week, seemingly undeterred by the US elections’ lack of a clear outcome. The coronavirus is still surging, and a new complication has emerged. A mutation of the virus, originating in minks (Denmark), could pose a challenge in developing a...
Read More »FX Daily, October 26: Troubling Start of the Important Week
Swiss Franc The Euro has fallen by 0.05% to 1.0717 EUR/CHF and USD/CHF, October 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The surging virus ravaging large parts of Europe and the United States is fanning concerns over the economic implications as new social restrictions and curfews are announced in several countries. US additional fiscal support remains elusive as aid for states and local governments...
Read More »FX Daily, October 9: Animal Spirits Return
Swiss Franc The Euro has fallen by 0.10% to 1.0768 EUR/CHF and USD/CHF, October 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The on-again-off-again fiscal stimulus in the US is back on as the White House now supports a broad stimulus program, but not as big as the Democrats $2.2 trillion package. It is the narrative being cited as the rebuilding of risk appetites is the wobble earlier in the week. Chinese...
Read More »Writing Rebound in Italian
As the calendar turned to September, the US Centers for Disease Control and Prevention (CDC) issued new guidelines expanding and extending existing moratoriums previously put in place to stop evictions during the pandemic. Families affected by COVID either through the disease or as a result of job loss due to the coronavirus have been protected from landowner actions including eviction as a final means to reclaim rental properties from non-conforming tenants. There...
Read More »Miracles Aren’t Shovel-Ready
The monetary mouse. After years of Mario Draghi claiming everything under the sun available with the help of QE and the like, Christine Lagarde came in to the job talking a much different approach. Suddenly, chastened, Europe’s central bank needed assistance. So much for “do whatever it takes.” They did it – and it didn’t take. Lagarde’s outreach was simply an act of admitting reality. Having forecast an undercurrent of worldwide inflationary breakout (how...
Read More »FX Daily, May 11: Quiet Start to New Week
Swiss Franc The Euro has fallen by 0.08% to 1.0514 EUR/CHF and USD/CHF, May 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The new week begins slowly in the capital markets. Many markets in the Asia Pacific region, including Japan, Hong Kong, and Australia, gained over 1%, but European and US shares are heavier. Benchmarks off all three regions rallied by 3.4%-3.5% over the past two weeks. Bond markets are...
Read More »FX Daily, April 29: Heavy Dollar amid Month-End Pressure
Swiss Franc The Euro has risen by 0.05% to 1.0553 EUR/CHF and USD/CHF, April 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dollar is lower across the board as dealers attribute the selling to month-end pressures ahead of the FOMC today and ECB tomorrow and long-holiday weekend for many. Japan’s Golden Week holiday has already begun. Despite the loss in US equities yesterday, despite the higher opening,...
Read More »