Tag Archives: twin deficits

Swiss Franc The Euro has risen by 0.15% to 1.0948 EUR/CHF and USD/CHF, May 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The recovery of the US 10-year yield, so it is flat on the week near 1.61% coupled with month-end demand, is helping the US dollar firm. While the yen is bearing the burden on the week, with a 0.8% loss, the Antipodeans are leading the downside on the day. Although the New Zealand...

The foreign exchange market sees an average daily turnover of something on the magnitude of $6.6 trillion a day.  In a week, the turnover is sufficient to more than cover world trade for a year.  It is the largest of the capital markets.  Trends in the currency market can last for years. A little more than a year ago, we concluded that the dollar’s third significant rally since the end of Bretton Woods was over and that a cyclical dollar decline was at hand.  Yet the...