Tag Archives: TLT

Swiss Franc The euro has depreciated by 0.13%  to 1.1312CHF. EUR/CHF and USD/CHF, August 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The net impact is to lift the US dollar, yen and gold. The geopolitical tensions saw more profit-taking in equities. Debt markets are little changed, but the US Treasuries area a little firmer. We suspect that like yesterday, North...

Swiss Franc The euro has depreciated by 1.16%  to 1.1316CHF. EUR/CHF and USD/CHF, August 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is decidedly mixed. The Swiss franc, not the yen is the strongest of the major currencies. It is up nearly 1.1%. If sustained, it could be the biggest single day dollar loss against the franc this year, edging out more than...

Summary: For the US jobs data to rally the dollar, it needs to increase the likelihood of a Fed hike in September, a high bar. The BOE will stand pat, a 6-2 vote would likely be accompanied by a hawkish inflation report. The RBA will also hold rates steady, and of course, it would prefer a weaker currency. The tide of sentiment has turned against the dollar. The enthusiasm seen in the second part of last year,...

Swiss Franc The franc is off another 0.5% today, to bring its weekly loss to a sharp 2.5%. EUR/CHF and USD/CHF, July 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is mostly lower, though one of the features of recent days has been the dramatic slide of the Swiss franc, and that is continuing today. The euro finished last week near CHF1.1030 and is now...

Swiss Franc The Euro has risen by 0.82% to 1.1244 CHF. EUR/CHF and USD/CHF, July 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is narrowly mixed after selling off following the FOMC statement. Sometimes the narrative explains the price action, and sometimes the price action explains the narrative. This seems to be the case of the latter. The dollar and...

Swiss Franc The euro is up by 0.56% to 1.1152 CHF EUR/CHF and USD/CHF, July 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates By definition, the Federal Reserve Open Market Committee meeting is the highlight of the day. Without a press conference, and following last month’s rate hike, there is practically no chance of a new policy initiative either on the balance sheet...

Swiss Franc The Euro has fallen by 0.02% to 1.1031 CHF. EUR/CHF - Euro Swiss Franc , July 14(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The Australian dollar has taken over leadership in the dollar bloc from the Canadian dollar.  The Aussies are up about 0.35% today to extend this week’s gains to more than 2% and reach a new high for the year a little more than $0.7760.   The Canadian dollar is...

Swiss Franc The euro is lower at 1.0853 (-0.06%). EUR/CHF - Euro Swiss Franc, June 06(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The week was supposed to be dominated by the UK election and the ECB meeting, but the yen is stealing the show in the first part of the week. The US dollar has been sold through JPY110 for the first time since late April. The euro has fallen from JPY125.30 before the...

Summary: US drama distracts from the difficult and ambitious economic program. European and Japanese developments have been constructive. Bank of Canada is the only G7 central bank that meets, and it is not expected to shift from its cautious stance. The no-drama Obama has given way to “The Donald” who appears to be providing more melodrama than an Emmy-winning soap opera. To be sure it is not just him. Hope...

Swiss Franc EUR/CHF - Euro Swiss Franc, May 18(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Yesterday’s dramatic response to the political maelstrom in Washington is over.  The appointment of a special counsel to head up the FBI’s investigation into Russia’s attempt to influence the US election appears to have acted a circuit breaker of sorts.   It is not sufficient to boost confidence that the Trump...