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...
Read More »FX Daily, November 9: Markets are not Waiting for Official Closure in the US
Swiss Franc The Euro has risen by 0.84% to 1.0782 EUR/CHF and USD/CHF, November 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge Overview: The new week has begun with robust risk appetites, driving stocks and stocks higher and sending the dollar broadly lower. Nearly all the equity markets in the Asia Pacific region gained more than 1%, except Malaysia and Indonesia. The Nikkei, which posted its highest close before the weekend in...
Read More »FX Daily, November 3: Risk Appetites Return as the US Goes to the Polls
Swiss Franc The Euro has risen by 0.09% to 1.0706 EUR/CHF and USD/CHF, November 3(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: More than 95 mln Americans voted before today, and many observers warn of a cliffhanger that could be decided in the courts. The polls sand surveys show strong odds in favor of a Democratic sweep. Looking at the capital markets, nothing looks amiss. The biggest rally in the S&P...
Read More »FX Daily, October 27: Markets Take Collective Breath and Beijing Tweaks Fixing Mechanism
Swiss Franc The Euro has risen by 0.12% to 1.0727 EUR/CHF and USD/CHF, October 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The surging pandemic sapped the risk-taking appetites as some investors hunker down for what could be a volatile period ahead. The S&P 500 lost nearly 3% at its lows before rebounding 1% in late dealings. However, the US’s fiscal stimulus remains highly likely even if not...
Read More »FX Daily, October 19: Sterling Sparkles in Dollar Setback
Swiss Franc The Euro has fallen by 0.04% to 1.0715 EUR/CHF and USD/CHF, October 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors have not let the surge of the virus or uncertainty over the UK-EU talks or US fiscal stimulus to stand in their way. Sterling is leading the major currencies higher, returning to the $1.30 area, while global equities are trading higher. In the Asia Pacific region, Chinese...
Read More »FX Daily, September 14: UK Presses Ahead, China Strikes Out at German Pork Producers, and Moody’s Weighs on Turkey
Swiss Franc The Euro has fallen by 0.07% to 1.0762 EUR/CHF and USD/CHF, September 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A flurry of deals, including the still-evolving Oracle-TikTok tie-up, helped lift equity markets in the Asia Pacific region. South Korea’s Kospi, and Indonesia, which had been battered last week, led the advance. The MSCI Asia Pacific Index rose for the third consecutive...
Read More »FX Daily, May 20: Fed Funds Futures No Longer Imply Negative Rates
Swiss Franc The Euro has fallen by 0.13% to 1.0592 EUR/CHF and USD/CHF, May 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Another late sell-off of US equities, ostensibly on questions over Moderna’s progress on a vaccine, failed to deter equity gains in the Asia Pacific region. China was a notable exception, but the MSCI Asia Pacific Index rose for the fourth consecutive session. European shares are little...
Read More »FX Daily, May 11: Quiet Start to New Week
Swiss Franc The Euro has fallen by 0.08% to 1.0514 EUR/CHF and USD/CHF, May 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The new week begins slowly in the capital markets. Many markets in the Asia Pacific region, including Japan, Hong Kong, and Australia, gained over 1%, but European and US shares are heavier. Benchmarks off all three regions rallied by 3.4%-3.5% over the past two weeks. Bond markets are...
Read More »FX Daily, May 8: Jobs and Negative Fed Funds Futures
Swiss Franc The Euro has fallen by 0.09% to 1.0528 EUR/CHF and USD/CHF, May 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 closed near its session lows for the third day running yesterday but failed to deter the bulls in Asia-Pacific, where most markets rose by more than 1%. Taiwan, Korea, and Australia lagged a bit though closed higher. Europe’s Dow Jones Stoxx 600 is firm, and the modest...
Read More »FX Daily, May 7: China Reports an Unexpected Jump in Exports, While Norway Surprises with a Rate Cut
Swiss Franc The Euro has risen by 0.10% to 1.0532 EUR/CHF and USD/CHF, May 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is a sense of indecision in the air today. There have been several developments, but investors seem mostly reluctant to extend positions. China reported a surge in exports in April and an increase in the value of reserves. Australia reported a rise in exports in March. The Bank of...
Read More »