Swiss Franc vs USD and EUR Both Swiss Franc and Euro were moving upwards against the dollar. So CHF gained 3% versus the dollar in the last month. The Euro is the strongest currency. CHF lost around 1.3% against the Euro. EUR/CHF and USD/CHF, July 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted...
Read More »FX Weekly Review, July 10 – July 15: CHF Winning against USD, but losing vs. Euro
Swiss Franc vs USD and EUR The Euro remained the strongest among EUR, CHF and USD during the last month. The Swiss lost against EUR 1.5%, while it gained versus the dollar 0.75%. EUR/CHF and USD/CHF, July 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency...
Read More »Bond Selloff Returns As EM Fears Rise; Oil Slides; BOJ Does Not Intervene
U.S. index futures point slightly lower open. Asian shares rose while stocks in Europe fell as energy producers got caught in a downdraft in oil prices and reversed an earlier gain after Goldman unexpectedly warned that WTI could slide below $40 absent "show and awe" from OPEC. The dollar rose, hitting a four-month high against the yen and bonds and top emerging market currencies were back under pressure on Tuesday, following last week’s hawkish rhetoric from central bankers. Nonetheless,...
Read More »FX Weekly Review, June 05 – June 10: Sterling Leads Dollar Recovery
Swiss Franc vs USD and EUR The US Dollar has lost 4% against the franc since the beginning of May, while the euro is down only 1%. Most important events in this week were the ECB meeting and the UK elections. The inability of the Tory Party to secure a parliamentary majority spurred a sharp decline in sterling. EUR/CHF and USD/CHF, June 10(see more posts on EUR/CHF, USD/CHF, )The picture shows that FX traders went...
Read More »FX Weekly Review, May 29 – June 03: Dollar Dogged by Disappointing Data
Swiss Franc vs USD and EUR While the Euro traded in the range between 1.08 and 1.09, the dollar declined by nearly 3%. Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency basket)On a three years interval, the Swiss Franc had a weak performance. The dollar index was far stronger. The dollar makes up 33% of the SNB portfolio and 25% of Swiss...
Read More »FX Weekly Review, May 22 – 27: Is the Dollar Going To Turn?
Swiss Franc vs USD and EUR The Federal Reserve is on track to hike rates in the middle of June. It will be the third hike since the November election. In addition to keeping the door open to another hike this year, the Federal Reserve has signaled its intention to begin, however slowly, the reduction of its balance sheet. In the meantime, regardless of potential changes in its risk assessment, the ECB is unlikely to...
Read More »FX Weekly Review, May 15-20: Swiss Franc recovering against EUR
Swiss Franc vs USD and EUR The Swiss Franc recovered a lot of the losses that came with the French elections. That political event was mostly driven by speculators that will close their positions. We expected the EUR to trade around 1.07 to 1.0750 CHF in some time. What exactly is this “some time” remains open, but is at the latest in early 2018. Many, like Thomas Flury, currency strategist at UBS, think that the...
Read More »FX Weekly Review, May 08-13: Euro rises far above 1.09 CHF, for how long?
Swiss Franc The Swiss franc was the weakest of the majors. Its 1.7% fall was the largest in six months. Over the past month, the euro has rallied strongly against the Swiss franc. The 3.2% rally has seen the euro reach heights not see since last September. Thanks to the win of the pro-euro Macro, FX traders went long Euro and short CHF. The euro rose up to 1.0980. How long this momentum will last is still the question,...
Read More »FX Weekly Review, May 01 – 06: Seasonal Patterns and Yen Crosses
Swiss Franc Currency Index The Swiss Franc index gained 1.5% in the last month, the biggest part of it is from the last week. Trade-weighted index Swiss Franc, May 06(see more posts on Swiss Franc Index, ) Source: markets.ft.com - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency basket)On a three years interval, the Swiss...
Read More »FX Weekly Review, April 24 – 29: Dollar Remains the Fulcrum
Swiss Franc Currency Index Trade-weighted index Swiss Franc, April 29(see more posts on Swiss Franc Index, ) Source: markets.fx.xom - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency basket)On a three years interval, the Swiss Franc had a weak performance. The dollar index was far stronger. The dollar makes up 33% of the...
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