Swiss Franc The Euro has risen by 0.06% to 1.0801 EUR/CHF and USD/CHF, February 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Profit-taking weighs on equity markets, and the dollar is trading higher ahead of the weekend. Most Asia Pacific markets are still closed for the holiday, but Victoria’s snap lockdown dragged Australian shares lower. Japan and Indian markets were narrowly mixed, but the selling...
Read More »FX Daily, February 05: Position Squaring Weighs on the Dollar Ahead of the Jobs Report
Swiss Franc The Euro has risen by 0.04% to 1.0821 EUR/CHF and USD/CHF, February 5(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: While equities continue to march higher, the dollar is softer amid position squaring ahead of the US jobs data. Gold has stabilized after yesterday’s shellacking. Estimates for US nonfarm payrolls appear to have been creeping higher, encouraged by the ADP, PMI, and weekly initial...
Read More »FX Daily, January 25: A Subdued Start to a Big Week
Swiss Franc The Euro has risen by 0.01% to 1.0771 EUR/CHF and USD/CHF, January 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: What promises to be an eventful week has begun off on a mostly subdued note. Asia Pacific equities moved higher, again led by Hong Kong and ostensibly mainland buying. The Hang Seng rose 2.4% to bring this year’s gain to 10.75%. South Korea’s Kospi also increased by more than 2%, and,...
Read More »FX Daily, January 22: Faltering Friday
Swiss Franc The Euro has risen by 0.07% to 1.0773 EUR/CHF, January 22(see more posts on EUR/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Fear that social restrictions may have to be broadened and extended is helping spur a wave of profit-taking and de-risking, which has also been encouraged by disappointingly high-frequency data. The equity rally seemed to falter a bit in the US, as the S&P 500 eked out a minor 0.03% gain yesterday. In...
Read More »FX Daily, January 18: US is on Holiday, but the Dollar has Legs
Swiss Franc The Euro has fallen by 0.07% to 1.0754 EUR/CHF and USD/CHF, January 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The new week has begun like last week ended. Equities are a bit heavy. The MSCI Asia Pacific Index fell for the second session, its first back-to-back loss since before Christmas. China and Hong Kong were the notable exceptions, perhaps helped by stronger than expected GDP. Europe’s...
Read More »FX Daily, January 15: The Greenback is Finishing the Week with a Firm Tone
Swiss Franc The Euro has fallen by 0.39% to 1.0753 EUR/CHF and USD/CHF, January 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is firm against most of the major and emerging market currencies today. Among the majors, the Japanese yen and Swiss franc are resilient. For the week, sterling and the yen appear poised to eke out small gains, while the Scandi’s are the weakest performers with around...
Read More »FX Daily, January 13: PBOC Sends Signal as Market Looks Past Impeachment Vote
Swiss Franc The Euro has fallen by 0.22% to 1.0792 EUR/CHF and USD/CHF, January 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is regaining ground lost in yesterday’s setback against the major currencies. Sterling is the notable exception. It was toying with the $1.37 area, perhaps helped by the Governor of the Bank of England signal that there still are hurdles to adopting negative interest...
Read More »FX Daily, December 16: Greenback Slides Ahead of FOMC as Optimism Underpins Risk Appetites
Swiss Franc The Euro has risen by 0.26% to 1.0789 EUR/CHF and USD/CHF, December 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 snapped a four-day downdraft helped by optimism over the progress toward fiscal stimulus and some hope that a new trade deal can still be negotiated between the UK and EU. Europe reported better than expected PMIs. Equities are broadly higher, as are interest rates,...
Read More »FX Daily, December 10: Brexit and US Stimulus are Unresolved as Attention Turns to the ECB
Swiss Franc The Euro has risen by 0.13% to 1.0756 EUR/CHF and USD/CHF, December 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US threats to break-up Facebook and the stalled stimulus talks spurred profit-taking in US shares yesterday and is dampening enthusiasm today. The MSCI Asia Pacific Index fell for the third time this week, and Europe’s Dow Jones Stoxx 600 is little changed. US shares are trading with...
Read More »FX Daily, December 2: Euro Rally Stalls while Brexit Concerns Trip Sterling
Swiss Franc The Euro has fallen by 0.39% to 1.0817 EUR/CHF and USD/CHF, December 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The selling pressure that drove the dollar lower yesterday has abated, and the greenback is paring yesterday’s loss, though the dollar-bloc currencies are showing some resilience. EC negotiator Barnier briefed ministers that the same three issues that have bedeviled the trade talks...
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