Swiss Franc The Euro has risen by 0.04% to 1.1753 CHF. EUR/CHF and USD/CHF, January 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates As the US dollar finished last year, so too did it begin the New Year, and after extending its losses, the bears have paused. Technical factors had been stretched, but it appears to have been old-fashioned macroeconomic considerations to...
Read More »Durable Goods Only About Halfway To Real Reflation
Durable goods were boosted for a second month by the after-effects of Harvey and Irma. New orders excluding those from transportation industries rose 8.5% year-over-year in October 2017, a slight acceleration from the 6.5% average of the four previous months. Shipments of durable goods (ex transportation) also rose by 8% last month. US Core Durable Goods Orders, Jan 1993 - Jan 2017(see more posts on U.S. Core Durable...
Read More »FX Daily, July 27: Yen Falls on Fiscal Stimulus, while Sterling and Aussie Can’t Sustain Upticks
Swiss Franc The Euro kept on climbing, after yesterday’s rapid rise. Click to enlarge. The Swiss consumption indicator by UBS shows improvements. The indicator is still distant from the highs in 2012. At the time stronger growth in Emerging Markets and the weaker franc helped the Swiss economy. Switzerland UBS Consumption Indicator Japan As uncertainty over Japan’s fiscal stimulus roiled the yen and domestic...
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