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Tag Archives: Japan Producer Price Index

FX Daily, December 12: UK Front and Center, but Sterling is Laggard in Today’s Move Against the Dollar

Swiss Franc The Euro has fallen by 0.15% to 1.1651 CHF. EUR/CHF and USD/CHF, December 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Trends The US dollar is trading with a lower bias against most of the major and emerging market currencies. The upside surprise in Sweden’s inflation is helped the krona recover from its recent slide. It is the strongest of the majors, gaining...

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FX Daily, November 13: Sterling Trounced by Growing Political Challenges

Swiss Franc The Euro has fallen by 0.03% to 1.1607 CHF. EUR/CHF and USD/CHF, November 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has begun the new week on firm footing, without the help of either higher interest rates or increased confidence that Congress will agree on a tax plan. Indeed, over the weekend the Chair of the House Ways and Means...

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FX Daily, October 12: Discipline Argues Against Consensus Narrative

Swiss Franc The Euro has risen by 0.09% to 1.155 CHF. EUR/CHF and USD/CHF, October 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Following the release of the FOMC minutes from last month’s meeting, the consensus narrative that has emerged says that it was dovish because there is a growing worry the reason inflation fell is not simply due to transitory factors. This...

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FX Daily, September 13: Sterling Shines While Euro Stalls in Front of $1.20

(The next leg of the business trip takes me to Frankfurt. Sporadic updates will continue) Swiss Franc The Euro has fallen by 0.14% to 1.147 CHF. EUR/CHF and USD/CHF, September 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates We have been identifying the $1.3430 area is a reasonable technical target for sterling. It represents the 50% retracement of sterling’s losses...

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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...

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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...

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FX Daily, May 15: Softer Dollar and Yen to Start the Week

Swiss Franc . FX Rates The US dollar has opened the week softer against the major currencies, except for the Japanese yen. The disappointing US inflation and retail sales data before the weekend have not been shrugged off, even though the US 10-year yield is a little higher and expectations for a Fed hike next month continue to be elevated. There is more focus on positive developments elsewhere, especially in...

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