Swiss Franc The Euro has risen by 0.12% to 1.063 EUR/CHF and USD/CHF, July 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500’s longest advance this year was stopped seemingly as concern that the flare-up in the virus will slow the recovery. The sell-off in airlines and hotels helped spur a broader bout of profit-taking. Most Asia Pacific bourses advanced, led by the continued rally in Hong Kong...
Read More »FX Daily, October 8: Not a Good Day for Negotiators
Swiss Franc The Euro has fallen by 0.27% to 1.0881 EUR/CHF and USD/CHF, October 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The re-opening of Chinese markets after a long holiday did not produce the volatility that many expected. Chinese stocks alongside most Asia markets traded higher today, and the yuan advanced. After opening higher and extending its recent rally, Europe’s Dow Jones Stoxx 600 turned...
Read More »FX Daily, August 8: PBOC Helps Stabilize CNY, while US Equity Recovery Lifts Sentiment
Swiss Franc The Euro has risen by 0.27% to 1.0948 EUR/CHF and USD/CHF, August 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The challenges for investors have not gone away, but a combination of factors has helped stabilize the capital markets. The PBOC set the dollar’s reference rate above CNY7.0, but not as high as anticipated, and this has seen the yuan...
Read More »FX Daily, March 08: Euro Slips Ahead of the ECB Meeting
Swiss Franc The Euro has fallen by 0.1% to 1.1704 CHF. EUR/CHF and USD/CHF(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Expectations that the European Central Bank would change its forward guidance in a substantive way had been one of the factors behind the euro’s appreciation. However, more recently, the anticipation has slackened. The last meeting took place around...
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, 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, 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...
Read More »FX Daily, June 08: Thursday’s Show
Swiss Franc The Euro has fallen by 0.11% to 1.0852 CHF. EUR/CHF - Euro Swiss Franc, June 08(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Today has an anti-climactic feel to it. Yesterday’s leak of what is purported to be the ECB staff forecasts point to small downward revisions to inflation forecasts and an ever small upward tweak to growth. This would be in line with only mild changes in the forward...
Read More »FX Daily, May 11: Canadian and New Zealand Dollars Get Whacked, While Greenback Consolidates
Swiss Franc Switzerland Consumer Price Index (CPI) YoY, April 2017(see more posts on Switzerland Consumer Price Index, ) Source: investing.com - Click to enlarge FX Rates The US dollar has been mostly confined to about a 30 pip range against the euro and yen in Asia and the European morning. Sterling is under a little pressure after a series of poor data, including larger than expected falls in manufacturing and...
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