Swiss Franc The Euro has fallen by 0.08% at 1.1372 EUR/CHF and USD/CHF, May 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Contrary to hopes and expectations, the US made good on the presidential tweet and raised the tariff on around $200 bln of Chinese goods from 10% to 25%. Trump indicated that the process that will levy a 25% tariff on the remaining Chinese...
Read More »FX Daily, March 26: Semblance of Stability Re-Emerging
Swiss Franc The Euro has risen by 0.06% at 1.1231 EUR/CHF and USD/CHF, March 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The sell-off in equities seemed to peak yesterday, and US indices were narrowly mixed. Traders found comfort in that performance, even though the S&P 500 finished a little below 2800, and took the markets in the Asia-Pacific region...
Read More »FX Daily, March 25: Monday Blues: Equities Pare Quarterly Gains
Swiss Franc The Euro has fallen by 0.12% at 1.1231 EUR/CHF and USD/CHF, March 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities have soured after the US shares dropped the most since very early in the year before the weekend. Asia’s sell-off was led by the 3% decline in Nikkei, while Malaysia fared among the best, surrendering 1%. Europe’s Dow...
Read More »FX Daily, March 14: Another UK Vote, but No Closure
Swiss Franc The Euro has fallen by 0.19% at 1.1346 EUR/CHF and USD/CHF, March 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Brexit drama continues to play out, and the Withdrawal Bill that has been twice defeated is ironically not dead yet. Today’s vote, in fact, is predicated on another “meaningful vote” before seeking an extension. Sterling remains firm...
Read More »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...
Read More »FX Weekly Preview: Brexit Comes to a Head, and while Europe and US Data Rebound, the Equity Rally Falters
Brexit comes to a head. By nearly all reckoning, the Withdrawal Bill will be resoundingly defeated in the House of Commons on March 12. The margin of defeat may not match the first rejection, but it will be the death knell to the path that had been negotiated for a year and a half. On March 13, the House of Commons will vote on leaving the EU without a withdrawal agreement. Most, except the most extreme partisans, think...
Read More »FX Daily, March 08: Equities Slump on Growth Concerns ahead of US Jobs
Swiss Franc The Euro has fallen by 0.03% at 1.1313 EUR/CHF and USD/CHF, March 08(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A weak economic assessment in the Beige Book and an ECB that slashed growth forecasts have been followed by news of a nearly 21% slump in China’s exports have marked the end of the dramatic equity rally that was seen in the first...
Read More »FX Daily, March 07: EMU Looks to ECB
Swiss Franc The Euro has fallen by 0.31% at 1.1324 EUR/CHF and USD/CHF, March 07(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The ECB meeting is today’s highlight. A dovish signal is expected. The euro remains pinned near its lows ahead it. The global equity market rally in January and February is faltering this week. Asian equities were mixed, but the...
Read More »FX Daily, March 05: Dollar Remains Firms as China Cuts Growth Target and Taxes, while EMU PMI Surprises on Upside
Swiss Franc The Euro has risen by 0.04% at 1.1328 EUR/CHF and USD/CHF, March 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It is an eventful day, but the capital markets are taking it in stride. Equity markets are mixed. Asia may have been weighed down by China’s shaving its growth target and announced around CNY2 trillion (~$300 bln) in tax cuts to support...
Read More »FX Daily, February 28: Trump Walks Away from North Korea. Should Beijing Worry?
Swiss Franc The Euro has fallen by 0.39% at 1.134 EUR/CHF and USD/CHF, February 28(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that the US-North Korean summit ended abruptly without an agreement spurred losses in equities and gains in the Swiss franc and Japanese yen. US President Trump willingness to walk away from the talks is important in and of...
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