Swiss Franc The Euro has fallen by 0.06% to 1.0784 EUR/CHF and USD/CHF, January 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are becalmed today. There does not appear to be much reaction to the news that the House of Representatives impeached President Trump an unprecedented second time with greater bipartisan support than previously (10 GOP voted with the Democratic majority). Nor has...
Read More »FX Daily, November 23: Markets Look Past Near-Term Challenges
Swiss Franc The Euro has risen by 0.08% to 1.0806 EUR/CHF and USD/CHF, November 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that the AstraZeneca vaccine was 70% effective but could be enhanced by changing dosage is lifting spirits and boosting equities. Japan’s markets were closed for a national holiday, but all the equity markets in the region advanced and many by more than 1%. Strong export figures...
Read More »FX Daily, November 18: Balancing Pandemic Surge with Optimism about Vaccine
Swiss Franc The Euro has fallen by 0.01% to 1.0806 EUR/CHF and USD/CHF, November 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that Tokyo will go to its highest alert as it faces a rising contagion snapped a 12-day rally in the Nikkei, but most bourses in the Asia Pacific region excluding Japan advanced, though Chinese equities were mixed. European equities are narrowly mixed as the Dow Jones Stoxx 600...
Read More »FX Daily, November 10: Markets Remain Unsettled
Swiss Franc The Euro has risen by 0.18% to 1.0806 EUR/CHF and USD/CHF, November 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Performance Overview: Pfizer’s vaccine announcement eclipsed the US election as the key market driver. It spurred the unwinding of Covid trades in terms of sectors and yields. Emerging market currencies and the majors that benefit from world growth outperformed the perceived safe-havens, like the...
Read More »FX Daily, October 14: UK Blinks on Threat to Walk Away on Eve of EU Summit
Swiss Franc The Euro has fallen by 0.15% to 1.0729 EUR/CHF and USD/CHF, October 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Turn around Tuesday saw the dollar bounce, particularly against the Australian dollar and European currencies, among the majors. Sterling pared earlier losses on reports that the UK would not walk away from the talks just yet, while the euro remains on its back foot. Emerging market...
Read More »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...
Read More »FX Daily, October 6: The Dollar Tests Key Supports and Pauses
Swiss Franc The Euro has fallen by 0.06% to 1.0776 EUR/CHF and USD/CHF, October 06(see more posts on EUR/CHF, USD/CHF, ) Source: investing.com - Click to enlarge FX Rates Overview: Market moves have stalled. The MSCI Asia Pacific Index did manage to extend Monday’s gains, but other markets are heavier. Europe’s Dow Jones Stoxx 600 is snapping a three-day advance. The communications sector is the sole standout, though financials and energy are little changed....
Read More »FX Daily, September 16: Dollar Eases Ahead of the FOMC
Swiss Franc The Euro has fallen by 0.04% to 1.0751 EUR/CHF and USD/CHF, September 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dollar has been sold against nearly all the world’s currencies ahead of what is expected to be a dovish Federal Reserve, even if no fresh action is taken. The Scandis and Antipodean currencies are leading the majors. The South African rand and Mexican peso are leading the...
Read More »FX Daily, September 8: US Threats to Decouple from China and the Greenback Strengthens
Swiss Franc The Euro has fallen by 0.09% to 1.0813 EUR/CHF and USD/CHF, September 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The markets remain on edge. US-China tensions are escalating. Strained Brexit talks are set to resume today. Profit-taking in the tech space has continued. The ECB meeting is around the corner. The MSCI Asia Pacific Index snapped a three-day slide today with most markets moving...
Read More »FX Daily, July 2: Dollar Thumped Ahead of US Jobs Report
Swiss Franc The Euro has fallen by 0.03% to 1.0636 EUR/CHF and USD/CHF, July 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Market optimism over the possibility of a vaccine in early 2021 overshadowed the continued surge in US cases, where the 50k-a-day threshold of new cases has been breached. Following the NASDAQ close yesterday at record highs, global equities have advanced. Led by Hong Kong returning from...
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