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Tag Archives: New Zealand

FX Daily, August 17: Antipodeans and Sterling Bear Brunt of Greenback’s Gains

Swiss Franc The Euro has fallen by 0.20% to 1.072 EUR/CHF and USD/CHF, August 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Concern about the economic impact of the virus and new efforts by China to curb “unfair” competition among online companies has triggered a dramatic response by investors. A lockdown in New Zealand and the Reserve Bank of Australia signaling it will respond if the economic fallout...

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FX Daily, February 26: Fed Hike Ideas Give the Beleaguered Greenback Support

Swiss Franc The Euro has fallen by 0.31% to 1.0977 EUR/CHF and USD/CHF, February 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge Overview: A poor seven-year note auction and ideas that the first Fed hike can come as early as the end of next year spurred a steep sell-off in bonds and equities. Technical factors like the triggering of stops losses, large selling in the futures market, which some also link to hedging of mortgage...

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FX Daily, February 24: Equities Try to Stabilize and Low Short-Term Rates Help Keep the Dollar on the Defensive

Swiss Franc The Euro has risen by 0.21% to 1.1018 EUR/CHF and USD/CHF, February 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The sharp recovery in US shares yesterday that saw the S&P 500 snap a five-day slide failed to carry into Asia Pacific trading earlier today. All the markets fell save India and Singapore. Losses were led by a 3% drop in Hong Kong as the first increase in the stamp duty...

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FX Daily, February 22: Stocks Wilt under Pressure from Rising Yields

Swiss Franc The Euro has risen by 0.15% to 1.0875 EUR/CHF and USD/CHF, February 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Higher interest rates, driven by inflation expectations, is forcing an adjustment to equity markets. The S&P 500 is poised to gap lower today following slides in the Asia Pacific region and Europe. Japanese and Taiwanese indices advanced by steep losses were seen in China, Hong...

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FX Daily, November 11: Reduced Risk of Negative Policy Rates Lifts Sterling and the Kiwi

Swiss Franc The Euro has fallen by 0.18% to 1.0793 EUR/CHF and USD/CHF, November 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors are trying to figure out the impact of the likelihood of a vaccine. One thing that has happened is that the market perceives less chance that the UK or New Zealand will adopt negative rates, and their respective currencies are adjusting higher. Meanwhile, the equity rally...

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FX Daily, October 08: Markets Catch Collective Breath

Swiss Franc The Euro has fallen by 0.05% to 1.0781 EUR/CHF and USD/CHF, October 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 and NASDAQ closed at their highest levels in around a month yesterday, recouping Tuesday’s presidential tweet-driven drop. We thought the market overreacted to the end of the fiscal talks as many had already recognized that a stimulus agreement was unlikely before...

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FX Daily, May 14: Risk Appetites Wane

Swiss Franc The Euro has fallen by 0.08% to 1.0504 EUR/CHF and USD/CHF, May 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Risk appetites have been gradually waning this week. US equity losses mounted yesterday after Tuesday’s late sell-off. Asia Pacific equities were off, with many seeing at least 1.5% drops. Europe’s Dow Jones Stoxx 600 is off a little more to double this week’s decline and leaves it in a...

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FX Daily, May 13: Will Powell have any more Luck Pushing against Negative Rate Expectations in the US?

Swiss Franc The Euro has risen by 0.08% to 1.0521 EUR/CHF and USD/CHF, May 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Another late sell-off in US shares, this one perhaps related to the sobering assessment by the leading medical adviser for the Trump Administration about the risks of opening too early, failed to deter investors in the Asia Pacific region. Although Japanese shares slipped, most other...

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FX Daily, March 23: Greenback Demand Not Satisfied by Swap Lines

Swiss Franc The Euro has risen by 0.45% to 1.0587 EUR/CHF and USD/CHF, March 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: In HG Wells’ “War of the Worlds,” the common cold repelled a Martian invasion. Now, a novel coronavirus is disrupting everything and everywhere. Global equities continue to get hammered, though the apparent relative resilience of Japan may have spurred some buying of Japanese equities....

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FX Daily, December 11: Sterling Holds Firm Despite Tighter Poll

Swiss Franc The Euro has risen by 0.12% to 1.093 EUR/CHF and USD/CHF, December 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets continue to tread water as investors await this week’s key events. The first, the FOMC meeting concludes later today. Tomorrow features the UK election, where the race appears to have tightened, and Lagarde’s first ECB meeting at the helm. Global equities continue...

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