Tag Archives: JPY

Spring is around the corner in the Northern Hemisphere, and with it, a sense of a Goldilocks moment.  Growth is sufficiently strong to see employment grow and absorb the economic slack.  In the US, the participation rate of the key 25-54 aged demographic group has risen and now stands at 89.3%, the highest since 2010.  Europe enjoys the broadest economic expansion in more than a decade, and while Japanese growth has not...

(About to set off on another business trip. I will spend the next two weeks in Asia. The updates will be sporadic. Thanks for your patience.) Swiss Franc The Euro has fallen by 0.01% to 1.1706 CHF. EUR/CHF and USD/CHF, March 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US Administration has softened its initial hardline position of no exemptions for the new...

Swiss Franc The Euro has risen by 0.21% to 1.1688 CHF. EUR/CHF and USD/CHF, March 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates In response to the resignation of one of the few “globalist” advisers in the US Administration, the resignation Cohn has sent ripples through the capital markets. Stocks have been marked down across the world. The prospects of a trade war...

Swiss Franc The Euro has fallen by 0.08% to 1.1549 CHF. EUR/CHF and USD/CHF, March 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is narrowly mixed. The Japanese yen remains firm. The dollar appears stuck in a narrow range. Near JPY105.20 the seems to be some short-covering pressure in front of JPY105. On the top side, the greenback is encountering offers...

Swiss Franc The Euro has fallen by 0.18% to 1.1531 CHF. EUR/CHF and USD/CHF, March 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The announcement of the US intention to impose tariffs on imported steel and aluminum on national security grounds has sent ripples through the capital markets. Yet there is certainly more going on here than that. The tariffs,...

Swiss Franc The Euro has risen by 0.17% to 1.1534 CHF. EUR/CHF and USD/CHF, March 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar rebounded last September and October before the downtrend resumed in November, and lasted through January. The dollar gained broadly last month, except against the yen, which rose almost 2.4% in February. This pattern is...

Swiss Franc The Euro has fallen by 0.19% to 1.1504 CHF. EUR/CHF and USD/CHF, February 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Many market participants think they heard Fed Chair Powell give a fairly strong signal that he favored a more aggressive course. The implied yield on the December Eurodollar futures rose five basis points to 1.535%. The December Fed...

Swiss Franc The Euro has fallen by 0.29% to 1.1517 CHF. EUR/CHF and USD/CHF, February 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The capital markets seem unusually subdued. The US dollar is mostly slightly firmer, except against the euro and Swiss franc among the majors. The MSCI Asia Pacific Index managed to eke out a small gain (0.2%), for a third advancing...

Swiss Franc The Euro has risen by 0.14% to 1.1529 CHF. EUR/CHF and USD/CHF, February 26(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 heavy footing. It is being sold against virtually all the currencies, major and emerging market currencies. There is one exception, and although the local market is not open, the Mexican peso is...

There are three distinct classes of drivers in the week ahead. The first is high frequency data. The most important of the economic reports include the preliminary estimate of the February inflation in the euro area, the US January income, and consumption data alongside the Fed’s preferred inflation measure, the core PCE deflator, and Japanese retail sales and industrial production figures. The second group of drivers...