Swiss Franc The Euro is down by 0.54% to 1.1743 CHF. This is the fifth day in sequence that the Swiss Franc appreciated. Reasons are: Weaker than expected euro zone GDP growth in Q1, in particular in Germany. However this “soft-patch” should have been clear to everybody. So it cannot be the main reason. Still the weak German GDP was the trigger for EUR weakness. A dovish European Central Bank. Already at the press...
Read More »FX Daily, April 20: The Greenback is Alive
Swiss Franc The Euro has fallen by 0.24% to 1.1961 CHF. EUR/CHF and USD/CHF, April 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is set to finish the week on a firm note. It reflects rising US yields, where the 10-year is above 2.90% for the first time since February and the widening two-year different between the US and Germany, which is holding just...
Read More »FX Daily, February 23: Dollar Firms; VIX Set to Close Lower for Second Week
Swiss Franc The Euro has risen by 0.20% to 1.152 CHF. EUR/CHF and USD/CHF, February 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates A light economic schedule in North America may help the markets close the week on a quiet note. Perhaps if there is one number that captures this sense, it may be the VIX. It is soft and barring a new disruption today, it is poised to...
Read More »FX Daily, January 26: Trump-Inspired Dollar Short Squeeze Fades Quickly
Swiss Franc The Euro has fallen by 0.33% to 1.1624 CHF. EUR/CHF and USD/CHF, January 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates It was dramatic. Following the BOJ and ECB’s rather mild rebuke of dollar’s depreciation, US President Trump cautioned that his Treasury Secretary comments were taken out of context, and in ant event, he, the President ultimately favored...
Read More »FX Daily, December 01: Dollar Consolidates Weekly Gain, while Equities Ease to Start New Month
Swiss Franc The Euro has risen by 0.37% to 1.1705 CHF. EUR/CHF and USD/CHF, December 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The release of the manufacturing PMIs confirm that the synchronized global expansion remains intact. The focus today is on three unresolved political challenges: US tax reform, the UK-Irish border and the talks that may produce another...
Read More »FX Daily, September 29: Dollar’s Gains Pared, but Set to Snap Six Month Losing Streak Against the Euro
Swiss Franc The Euro has risen by 0.17% to 1.1449 CHF. EUR/CHF and USD/CHF, September 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Supported by a sharp rise in interest rates and ideas of tax reform, the US dollar is closing one of its best months of the year. The Dollar Index is snapping a six-month decline, and the euro’s monthly advance since February is ending....
Read More »FX Daily, August 25: Is the Janet and Mario Show a New Episode or Rerun?
Swiss Franc The Euro has risen by 0.11% to 1.1398 CHF. EUR/CHF and USD/CHF, August 25(see more posts on EUR/CHF, USD/CHF, ). FX Rates The event that investors have been waiting for and the media frequently linked to whatever price action has taken place has arrived: Yellen and Draghi’s speeches later today. Yellen is first. She will speak at 10:00 am ET. This is toward the end of the European trading week. Draghi...
Read More »FX Daily, July 28: Dollar and Equities Closing Week on Heavy Note
Swiss Franc The franc is off another 0.5% today, to bring its weekly loss to a sharp 2.5%. EUR/CHF and USD/CHF, July 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is mostly lower, though one of the features of recent days has been the dramatic slide of the Swiss franc, and that is continuing today. The euro finished last week near CHF1.1030 and is now...
Read More »FX Daily, May 26: Anxiety Levels Rise Ahead of Weekend
Swiss Franc The Euro has fallen by 0.01% to 1.0902 CHF. EUR/CHF - Euro Swiss Franc, May 26(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The markets are unsettled. It is not so much in the magnitude of moves as the breadth of the move. The nearly 1% rally in gold is a tell, but also the inability of equity market to follow the lead of the US markets, where the S&P 500 and NASDAQ set new records. US...
Read More »FX Daily, March 03: Yellen and Jobs Report Last Two Hurdles to US Hike
Swiss Franc EUR/CHF - Euro Swiss Franc March 03(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge GBP/CHF Prime Minister Theresa May is still committed to triggering Article 50 before the end of the month in spite of what happened this week with the House of Lords’ decision to challenge the Brexit bill. The House of Lords are primarily concerned with keeping the rights of EU citizens living...
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