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Tag Archives: Norwegian Krone

FX Daily, October 10: Setback for the Greenback

Swiss Franc The Euro has risen by 0.37% to 1.0962 EUR/CHF and USD/CHF, October 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Conflicting headlines about US-China trade whipsawed the markets in Asia, but when things settled down, perhaps, like the partial deal that has been hinted, net-net little has changed. Asian equities were mixed, with the Nikkei, China’s indices, and HK gaining, while most of the...

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FX Daily, September 19: Investors Looking for New Focus

Swiss Franc The Euro has fallen by 0.22% to 1.0975 EUR/CHF and USD/CHF, September 19(see more posts on EUR/CHF, USD/CHF, ) - Click to enlarge FX Rates Overview: Central bank activity is still very much the flavor of the day, but investors are looking for the next focus. The Bank of Japan and the Swiss National Bank stood pat, while Indonesia cut for the third consecutive time and the Hong Kong Monetary Authority and Saudi Arabia quickly followed the Fed. Brazil...

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FX Daily, June 20: Doves Rules the Roost Except in Oslo

Swiss Franc The Euro has fallen by 0.48% at 1.1104 EUR/CHF and USD/CHF, June 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The prospect of “lower for longer” continues to fuel the bond and stock rally. The initial US equity response to the Fed was positive but not strong and closed about 0.3% higher.  Asia Pacific equities followed suit with mostly modest...

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FX Daily, March 11: Greenback Starts New Week Decidedly Mixed, with Brexit Anxiety Weighing on Sterling

Swiss Franc The Euro has risen by 0.19% at 1.1347 EUR/CHF and USD/CHF, March 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Asian shares recovered from opening losses to finish mostly higher, with the Shanghai Composite up nearly 2% and India tacking on 1% after the election was called, starting April 11. European markets, led by energy, communication, and...

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FX Daily, February 11: Dollar Starts New Week on Firm Note

Swiss Franc The Euro has risen by 0.05% at 1.1331 EUR/CHF and USD/CHF, February 11(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Lifted by the re-opening of Chinese markets after the week-long Lunar New Year holiday, global equities are trading firmer. Outside of Japanese markets that were closed, the large markets in Asia–China, Taiwan, South Korea, and...

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FX Weekly Preview: Europe Moves to the Center Ring

In recent weeks, the macro story focused on the shifting outlook for Fed policy and the Sino-American trade relationship. There is unlikely to be further progress on either issue in the week ahead. The Fed won’t raise interest rates until toward the middle of the year at the earliest. The government shutdown will limit new readings on the US economy. US and Chinese officials just met.  Mid-level Chinese officials can...

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FX Weekly Preview: Dollar Pullbacks Remain Shallow as Rate Differentials Widen

The trajectory of monetary policy in the US and Europe has been fairly clear. There is practically no doubt that the Fed will hike rates on September 26. Despite softer than expected PPI and CPI figures, the market has become more confident of another move in December. The Federal Reserve’s balance sheet unwind reaches its maximum velocity of $50 bln a month in Q4. Eurozone It is also understood that ECB will reduce...

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FX Weekly Preview: Testing the Dollar’s Breakout

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...

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FX Daily, April 12: Geopolitics Overshadow the Fed, Greenback Steadies

Swiss Franc The Euro has risen by 0.18% to 1.186 CHF. EUR/CHF and USD/CHF, April 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar steadied at lower levels, while equities eased as investors remain focused on the preparations to strike Syria and still tense rhetoric on trade. Reports indicate that the US and France have moved warships into the area and...

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FX Daily, March 07: Renewed Threat of Trade War Makes Investors Angry

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...

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