Swiss Franc The Euro has fallen by 0.22% to 1.0951 EUR/CHF and USD/CHF, May 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: In Asia, equities markets rallied strongly, led by the more than 5% gain in Taiwan, the most in over a year as Monday’s 3% drop was more than overcome. The Nikkei gained more than 2% despite the deeper than expected contraction in Q1 GDP. Hong Kong, South Korea, and India also rose...
Read More »FX Daily, May 17: US and Europe may Announce Tariff Truce
Swiss Franc The Euro has risen by 0.09% to 1.0948 EUR/CHF and USD/CHF, May 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There are two general developments as the busy week gets underway. First, despite accelerated price readings in the US (CPI, PPI, import prices, and University of Michigan survey), US rates are soft. The 10-year yield is near 1.61% after rising to 1.70% after the CPI surprise last week....
Read More »FX Daily, April 26: Big Week Begins Quietly, with the Greenback Still Under Pressure
Swiss Franc The Euro has fallen by 0.03% to 1.1048 EUR/CHF and USD/CHF, April 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: What promises to be a notable week has begun off quietly: the US, EMU, and South Korea report Q1 GDP. The eurozone also provides its first estimate of April inflation. Corporate earnings feature tech and financial firms. Equities are mostly firmer in the Asia Pacific region and...
Read More »FX Daily, March 9: Turn Around Tuesday Strikes
Swiss Franc The Euro has fallen by 0.22% to 1.1067 EUR/CHF and USD/CHF, March 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It is not clear the trigger, but risk-taking appetites rebounded smartly today after the NASDAQ completed a more than 10% pullback from its highs yesterday. Ironically, the Dow Jones Industrials set new record highs yesterday too. Most equity markets in the Asia Pacific region rallied....
Read More »FX Daily, February 15: Sterling Continues to Run Higher and US Winter Storm Gives Oil Another Boost
Swiss Franc The Euro has fallen by 0.07% to 1.0792 EUR/CHF and USD/CHF, February 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US and Greater Chinese markets are closed today, but the markets are moving. Equities are bid. The Nikkei led the Asia Pacific region with a 2% gain and pushed above 30000 for the first time since 1990. Korea’s Kospi advanced 1.5%, and Australia’s ASX tacked on 1%. The Dow Jones...
Read More »FX Daily, January 29: Please Stay Seated, the Ride is not Over
Swiss Franc The Euro has risen by 0.16% to 1.0789 EUR/CHF and USD/CHF, January 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Powerful corrective forces continue to grip the market. After a large rally to start the New Year, the correction is punishing. Most Asia Pacific equities markets were off again today to bring the week’s loss to 2.5% to 5.5% throughout the region. Europe’s Dow Jones Stoxx 600 is a...
Read More »FX Daily, January 22: Faltering Friday
Swiss Franc The Euro has risen by 0.07% to 1.0773 EUR/CHF, January 22(see more posts on EUR/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Fear that social restrictions may have to be broadened and extended is helping spur a wave of profit-taking and de-risking, which has also been encouraged by disappointingly high-frequency data. The equity rally seemed to falter a bit in the US, as the S&P 500 eked out a minor 0.03% gain yesterday. In...
Read More »FX Daily, January 18: US is on Holiday, but the Dollar has Legs
Swiss Franc The Euro has fallen by 0.07% to 1.0754 EUR/CHF and USD/CHF, January 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The new week has begun like last week ended. Equities are a bit heavy. The MSCI Asia Pacific Index fell for the second session, its first back-to-back loss since before Christmas. China and Hong Kong were the notable exceptions, perhaps helped by stronger than expected GDP. Europe’s...
Read More »FX Daily, January 14: Markets are Subdued Despite Impeachment and Record Chinese Trade Surplus
Swiss Franc The Euro has fallen by 0.06% to 1.0784 EUR/CHF and USD/CHF, January 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are becalmed today. There does not appear to be much reaction to the news that the House of Representatives impeached President Trump an unprecedented second time with greater bipartisan support than previously (10 GOP voted with the Democratic majority). Nor has...
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...
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