Tag Archives: JPY

News that President Trump’s personal lawyer claimed he was instructed by the candidate to commit a federal crime and, separately, his the former campaign manager was found guilty on eight counts is hardly impacting the global capital markets. Swiss Franc The Euro has fallen by 0.11% to 1.1385. EUR/CHF and USD/CHF, August 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates...

Swiss Franc The Euro has risen by 0.02% to 1.1378. EUR/CHF and USD/CHF, August 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is broadly lower following President Trump’s comments yesterday, criticising Fed policy and reiterating his previously made claim that China and the EU are manipulating their currencies. We suggested that last week’s...

Swiss Franc The Euro has risen by 0.11% to 1.1348. EUR/CHF and USD/CHF, August 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is slightly firmer against most of the major currencies, as the light participation and lack of fresh news see a consolidative tone emerge after the pullback at the end of last week. Although markets in Turkey are closed for a...

Turkey Officials have taken steps to make it more difficult and more expensive to short the lira, but that did not prevent a 5% slide ahead of the weekend. There is no interest rate, within reason, that can compensate for such currency risk. When S&P cut its sovereign credit rating to B+ from BB- and retained a stable outlook, it did not cite the dispute over the pastor. Moody’s cut Turkey’s rating to Ba3 from Ba2...

Swiss Franc The Euro has risen by 0.11% to 1.1348. EUR/CHF and USD/CHF, August 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is trading heavily against most of the world’s currencies today. The main exceptions come from the emerging markets where the Turkish lira, Russian ruble, and Mexican peso are the chief exceptions, and their losses are modest....

Swiss Franc The Euro has risen by 0.48% to 1.1322. EUR/CHF and USD/CHF, August 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Two developments have helped turned sentiment, or at least arrested the markets’ momentum. First, the developments in Turkey, where officials have taken a few measures that will make it somewhat more difficult to access the lira. This may...

This Great Graphic is a weekly bar chart of the dollar-yen exchange rate. It shows a three-year downtrend line (white line). The US dollar had popped above it last month, but this proved premature and has not closed about it for a month. The trendline is found near JPY111.55 now. Connecting the 2016 dollar lows and the low from late March this year is a red line. It is found near JPY105.60. Together both lines mark a...

Swiss Franc The Euro has fallen by 0.09% to 1.1264. EUR/CHF and USD/CHF, August 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Turkish lira is extending yesterday’s recovery today on the back of actions by officials that are aimed at limiting foreign access to the lira to short. Without introducing new capital controls, regulators halved the amount of swap...

Swiss Franc The Euro has risen by 0.12% to 1.1351. EUR/CHF and USD/CHF, August 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The failure of Turkey to grab the bull by the horns, so to speak, and come to grips with the situation saw the dollar soar above TRY7.23(from TRY6.43 at the end of last week) and to ZAR15.55 (from ZAR14.09). The Mexican peso, the strongest...

The US dollar surged last week, with the Dollar Index rising 1.25%, the most since April. The dollar is being boosted by two drivers. The first is the policy mix and interest rate divergence. The other is the intensification of pressure on emerging market. Turkey has a disastrous combination of more fundamentals, large short-term foreign currency debt obligations, unorthodox policies, and the lack of credibility. On top...