Tag Archives: JPY

Swiss Franc The Euro has risen by 0.18% to 1.1602 CHF. EUR/CHF and USD/CHF, February 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After a volatile session in North America, the major equity indices closed higher. In fact, the 1.75% rise in the S&P 500 was the best since November 2016. Asian equities stabilized, and the MSCI Asia Pacific Index was able to eke out...

Swiss Franc The Euro has risen by 0.19% to 1.1622 CHF. EUR/CHF and USD/CHF, February 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Asian equity markets were weighed down by losses in the US markets ahead of the weekend. The MSCI Asia Pacific Index was off 1.4% after the 1.0% pre-weekend loss. The Nikkei gapped lower and shed 2.5% and has fallen in eight of the past...

Swiss Franc The Euro unchanged at 1.1585 CHF. EUR/CHF and USD/CHF, February 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is sporting a firmer profile against all the major currencies after weakening yesterday. Frequently, it seems the Australian dollar leads the other currencies, and we note that it is making a new low for the week today. Briefly, in...

Swiss Franc The Euro has risen by 0.10% to 1.1578 CHF. EUR/CHF and USD/CHF, February 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Yellen Fed ended on a high note. She took over the reins the of Federal Reserve an implemented a strategic normalization process monetary policy, and helped engineer not only the first post-crisis rate hikes but also the beginning of...

Many investors are confused, and the official communication only fanned the confusion. Before turning to next week’s key events and data, let’s first spend some time, working through some of the confusion. There was no change in policy last week. The US did not suddenly become protectionist. It did put tariffs on solar panels and washing machines. At the end of last week, unexpectedly the US International Trade...

Did US Treasury Secretary Mnuchin signal a change in the US dollar policy? Probably not. As Mnuchin and President Trump have done before, a distinction was drawn between short- and longer-term perspectives. In the short-term, a weaker dollar says Mnuchin, is good for US trade and “other opportunities”. In the longer-term, Mnuchin explicitly acknowledged, “the strength of the dollar is a reflection of the strength of the...

Swiss Franc The Euro has fallen by 0.33% to 1.1624 CHF. EUR/CHF and USD/CHF, January 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates It was dramatic.  Following the BOJ and ECB’s rather mild rebuke of dollar’s depreciation, US President Trump cautioned that his Treasury Secretary comments were taken out of context, and in ant event, he, the President ultimately favored...

The advent of open and transparent central banks is a relatively new one. For most of their history, these quasi-government institutions operated in secret and they liked it that way. As late as October 1993, for example, Alan Greenspan was testifying before Congress intentionally trying to cloud the issue as to whether verbatim transcripts of FOMC meetings actually existed. Representative Toby Roth (R-WI) quizzed the...

Swiss Franc The Euro has fallen by 0.62% to 1.1703 CHF. EUR/CHF and USD/CHF, January 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge GBP/CHF in Detail Sterling has made consistent gains against the Swiss Franc over the last week and now sits at a yearly high of 1.34. These gains can be attributed predominantly due to an extremely optimistic UK growth forecast from Lord Jim...

Swiss Franc The Euro has fallen by 0.14% to 1.1773 CHF. EUR/CHF and USD/CHF, January 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has come back better bid in late Asian activity. The session highlight was the BOJ meeting. BOJ maintained forecasts and policy. There was a small tweak to the inflation assessment, noting that prices were skewed to the...