Swiss Franc The Euro has risen by 0.09% to 1.0562 EUR/CHF and USD/CHF, April 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Risk-appetites appear to have stabilized for the moment. Most equity markets are higher. Japan and Malaysia were exceptions, but the MSCI Asia Pacific Index rose for the first time this week. In Europe, the Dow Jones Stoxx 600 is recouping about a third of yesterday’s loss. The S&P...
Read More »FX Daily, September 18: FOMC Meets Amid Money Market Pressures
Swiss Franc The Euro has risen by 0.05% to 1.10 EUR/CHF and USD/CHF, September 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that Saudi Arabia was able to restore 40%-50% of the oil capacity lost by the weekend strike coupled with the Fed’s efforts to offset the squeeze in the money markets are allowing the global capital markets to trade quietly ahead of the conclusion of the FOMC meeting. Equities...
Read More »FX Daily, July 17: Back to the Well Again
Swiss Franc The Euro has risen by 0.22% at 1.1095 EUR/CHF and USD/CHF, July 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After slapping punitive tariffs on structural from China and Mexico last week, US President Trump threatened to end the tariff truce with China because it is not stepped up its purchases of US agriculture products. Trump said the tariff...
Read More »FX Daily, April 18: Greenback is Firm, While Soft Inflation Drags Sterling from Perch
Swiss Franc The Euro has risen by 0.11% to 1.1962 CHF. EUR/CHF and USD/CHF, April 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is enjoying a firmer tone against major and most emerging market currencies. Sterling, which has become a market darling, hit an air pocket after softer than expected CPI. Sterling had reached its highest level since the 2016...
Read More »FX Daily, February 13: Tuesday’s Two Developments
Swiss Franc The Euro has fallen by 0.09% to 1.1531 CHF. EUR/CHF and USD/CHF, February 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates There are two important developments today. First, the recovery in the global equity markets is being challenged. Second, the yen has strengthened across the board, and is now at its best levels against the dollar since last September’s...
Read More »FX Daily, November 14: Euro Rides High After German GDP
Swiss Franc The Euro has risen by 0.22% to 1.1646 CHF. EUR/CHF and USD/CHF, November 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Sterling is trading in the lower end of yesterday’s range and has been confined to about a quarter a cent on either side of $1.31. On the other hand, the euro has pushed a bit through GBP0.8950 to reach its best level since October 26....
Read More »Central Bank Chiefs and Currencies
Summary: Market opinion on the next Fed chief is very fluid. BOE Governor Carney sticks to view, but short-sterling curve flattens. New Bank of Italy Governor sought. A second term for Kuroda may be more likely after this weekend election. The market is fickle. It has jumped from one candidate to another as the most likely Fed Chair. Until his belated and mild criticism of the President dealing with race issues,...
Read More »FX Daily, September 12: Dollar Sports Heavier Tone as Yesterday’s Bounce Runs out of Steam
(The sporadic updates continue while I am on a two-week business trip. Now in Barcelona, participating in TradeTech FX Europe) Several developments have attracted our attention, but the key take away is that the global capital markets have stabilized after appearing downright frightful at the end of last week, as stocks, yields, and the dollar plummeted. Equities rallied om Monday and there was follow through buying in...
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