Swiss Franc The Euro has risen by 0.39% at 1.141 EUR/CHF and USD/CHF, November 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors are on pins and needles today. Oil prices are trying to stabilize after WTI’s outsized 7% fall yesterday, its largest in three years. Global equities are heavier, dragged down by energy, but also larger than expected Q3...
Read More »FX Daily, November 13: Weak Turn-Around Tuesday
Swiss Franc The Euro has risen by 0.28% at 1.137 EUR/CHF and USD/CHF, November 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar has a heavier bias against most of the major and emerging markets currencies, but the pullback is shallow, and the greenback’s underlying strength is still evident. Asian equities were mixed. Concern that Apple may be...
Read More »FX Daily, November 12: Sterling’s Losses Lead Dollar Rally
Swiss Franc The Euro has fallen by 0.20% at 1.1368 EUR/CHF and USD/CHF, November 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is enjoying broad gains against most major and emerging market currencies. Sterling, dragged down by Brexit concerns, is leading the way. With today’s losses, sterling has shed nearly 3.7 cents over the last four...
Read More »FX Daily, November 09: Greenback Stabilizes at Higher Levels
Swiss Franc The Euro has fallen by 0.13% at 1.1415 EUR/CHF and USD/CHF, November 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar’s gains scored in the wake of the Fed’s signal that will continue on course to gradually hike rates have been extended. Most emerging market currencies are lower as well. Equity markets are heavy. Bond yields in Europe...
Read More »FX Daily, November 07: Equities and Bonds Jump While the Dollar Slumps
Swiss Franc The Euro has risen by 0.03% at 1.1455 EUR/CHF and USD/CHF, November 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dollar has fallen against nearly every currency. It had been moving lower at the start of the week, but what seems like a correction broadened and deepened following the US midterm election. The outcome was largely in line with...
Read More »Euro and Yen Outlook
Broadly speaking, the risk is that the dollar’s cyclical advance is not complete. The drivers will likely remain in place through at least the middle of next year. Additional gradual interest rate hikes by the Federal Reserve and a favorable policy mix underpin the dollar. The Federal Reserve projects four rate hikes between now and the end of next year. Quarterly rate hikes through the middle of next year are the...
Read More »FX Daily, November 6: US Goes to the Polls
Swiss Franc The Euro has fallen by 0.04% at 1.1452 Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is narrowly mixed against the major currencies today, largely consolidating its recent losses. Equities are mixed. In Asia, Japan, Australia, and Hong Kong equities gained around 1%, while most other bourses were softer. In Europe, the Dow Jones Stoxx 600 is little changed in late morning...
Read More »FX Daily, November 01: Dollar Slumps to Start New Month
Swiss Franc The Euro has risen by 0.18% at 1.1425 EUR/CHF and USD/CHF, November 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It appears that month-end considerations deterred the dollar selling that the technical indicators warned was coming and as the new month starts, the dollar is offered. It is weaker against all the major currencies and most of the...
Read More »Cheat Sheet
High-level distillation of the drivers of selected currencies. - Click to enlarge US Dollar Jobs data ahead of the weekend should recover after a storm depressed the September jobs growth. The base effect will allow earnings to show a strong year-over-year gain. The FOMC meets next week. A 25 bp rate hike in December remains the most likely scenario despite the heightened volatility in the stock market. With the...
Read More »FX Daily, October 31: No Fright on This Halloween
Swiss Franc The Euro has fallen by 0.19% at 1.1378 EUR/CHF and USD/CHF, October 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After sliding hard this month, equities continue to stabilize into month-end. All of the equity markets in Asia-Pacific rallied with the help of a solid close in the US. European bourses are higher too as the Dow Jones Stoxx 600...
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