Swiss Franc The Euro has fallen by 0.24% to 1.1535 CHF. EUR/CHF and USD/CHF, February 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The significant development this week has been the recovery of equities after last week’s neck-breaking drop, while yields have continued to rise. The dollar has taken is cues from the risk-on impulse from the equity market and the...
Read More »FX Daily, January 17: Dollar Stabilizes After Marginal New Lows
Swiss Franc The Euro has risen by 0.04% to 1.1766 CHF. EUR/CHF and USD/CHF, January 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After a shallow bounce in Asia and Europe yesterday, the dollar slipped lower in North American yesterday. Asia was happy to extend those dollar losses, and the greenback was pushed to marginal new lower in Asia, but has come back in the...
Read More »FX Daily, December 13: Greenback Quiet Ahead of Five Central Bank Meetings
Swiss Franc The Euro has fallen by 0.06% to 1.1633 CHF. EUR/CHF and USD/CHF, December 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge GBP / CHF Since the end of August the pound has been making inroads against the Swiss Franc and recovering from the dramatic drop in exchange rates since the Brexit vote over 18 months ago. GBPCHF has gained 8 cents in 4 months. To put this into...
Read More »FX Daily, October 11: Markets Looking for a New Focus
Swiss Franc The Euro has risen by 0.04% to 1.1515 CHF. EUR/CHF and USD/CHF, October 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is consolidating after retreating since reversing lower following the US jobs data at the end of last week. While the greenback has largely been confined to yesterday’s ranges against the major currencies, the euro has made a...
Read More »FX Daily, August 10: Tensions Remain Elevated, Dollar Firms
Swiss Franc The euro has depreciated by 0.13% to 1.1312CHF. EUR/CHF and USD/CHF, August 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The net impact is to lift the US dollar, yen and gold. The geopolitical tensions saw more profit-taking in equities. Debt markets are little changed, but the US Treasuries area a little firmer. We suspect that like yesterday, North...
Read More »FX Daily, June 12: Ahead of Central Bank Meetings, Politics Dominates
Swiss Franc The Euro has risen by 0.04% to 1.0856 CHF. EUR/CHF - Euro Swiss Franc, June 12(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is trading within its pre-weekend range against the major currencies as participants await the central bank meeting starting in the middle of the week. The Federal Reserve, Bank of England, and the Bank of Japan meet. Only the Fed is expected to hike...
Read More »FX Daily, March 13: Bonds and Equities Rally, Dollar Heavy
Swiss Franc EUR/CHF - Euro Swiss Franc, March 13(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The UK is edging closer to triggering Article 50 to start the formal negotiations of its exit from the EU. The House of Commons is expected to reject the amendments submitted by the House of Lords. If the House of Lords passes the stripped version, Prime Minister May could announce her intention to trigger...
Read More »FX Daily, February 09: Dollar Bounce in Asia is Sold in the European Morning
Swiss Franc EUR/CHF - Euro Swiss Franc, February 09(see more posts on EUR/CHF, ) - Click to enlarge Currency manipulation is becoming a hot topic now that Donald Trump has been inaugurated as the US President. Followers of his social media accounts will be aware of his criticism’s of a number of countries for artificially weakening their currency’s in order to remain competitive on a global scale, and recently...
Read More »FX Daily, September 12: Markets Off to a Wobbly Start
Swiss Franc The EUR/CHF retreated today together with falling stock prices. Later during the European day, U.S. stocks recovered. When investors sell their stocks and move into cash, then the Swiss Franc very often appreciates. This is the safe haven effect: cash in Swiss Franc is perceived as more secure. Click to enlarge. FX Rates Stocks and bonds have begun the new week much like last week ended. Sharp losses...
Read More »FX Daily, August 10: FX Consolidation Resolved in Favor of Weaker US Dollar
Swiss Franc Click to enlarge. FX Rates European bourses are mixed, and this is leaving the Dow Jones Stoxx 600 practically unchanged in late-European morning turnover. Financials are the strongest sector (+0.4%), and within it, the insurance sector is leading with a 0.8% advance and banks are up 0.4%. The FTSE’s Italian bank index is up 1.4% to extend its recovery into a fifth session. Bond markets are broadly...
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