Swiss Franc The euro has appreciated by 0.23% to 1.0896 CHF. EUR/CHF - Euro Swiss Franc(see more posts on EUR/CHF, ) - Click to enlarge FX Rates As the market heads into the weekend, the US dollar is trading softer as it consolidates. It is within yesterday’s ranges against the major currencies but the Japanese yen. The dollar has made a dramatic recovery against the yen. It traded near JPY108.80 in the middle of...
Read More »FX Daily, May 16: Greenback and Dollar Bloc Lose Ground to Europe and Yen
Swiss Franc EUR/CHF - Euro Swiss Franc, May 16(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Dollar selling pressure emerged at the end of last week, partly in response to disappointing US economic data. This selling pressure carried over into yesterday’s activity. It appeared to have been trying to stabilize yesterday in the North American session. News that President Trump may have shared...
Read More »FX Daily, February 16: Corrective Forces Emerge, Tempering the Dollar’s Rally
Swiss Franc EUR/CHF - Euro Swiss Franc, February 16(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF At the time of writing the pound is trading much closer to it’s annual low against the Swiss Franc than it’s annual high, and for reason for this can simply be put down to last years Brexit vote. We are now just weeks from the formal initiation of the Brexit process and interestingly the Pound is...
Read More »FX Daily, January 19: Dollar Gives Back Most of Yellen-Inspired Gains
Swiss Franc EUR/CHF - Euro Swiss Franc, January 19(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF GBP/CHF has been range bound in recent weeks but anything but predictable! Of course one of the main, if not the main driver on this rollercoaster is the pound which has been much weaker and stronger according to the sentiments over the Brexit. On the whole the market is predicting the pound will be weaker...
Read More »FX Daily, December 16: Markets Turn Quiet Ahead of the Weekend, Dollar Consolidates Gains
Swiss Franc EUR/CHF - Euro Swiss Franc, December 16(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Some mild position squaring pressures are evident ahead of the weekend, and for many market participants the year is coming to an end. Outside of the BOJ meeting next week, the calendar turns light and markets are moving into holiday mode. The Dollar Index is seeing this week’s gains trimmed, but it is...
Read More »FX Daily, October 19: FX After China GDP
Swiss Franc The Swiss Franc has strengthened against the pound as global uncertainty persists in the form of the UK’s Brexit vote and the US Presidential Election. Looking ahead it seems the CHF may soften a little as we learn of the new President, I found it very interesting that yesterday Paddy Power paid out on any bets for Hilary Clinton to become President in the United States. This is a great indication of the...
Read More »FX Daily, September 20: The Swiss Franc Continues To Rise.
Swiss Franc For us the developments in the trade balance express if a currency is overvalued or not (more details here). The Swiss trade surplus is constant or rather rising, hence the Swiss Franc is correctly valued or rather undervalued.And – as we see below – the franc appreciated. Switzerland Trade Balance(see more posts on Switzerland Trade Balance, )Switzerland Trade Balance – click to enlarge. FX Rates...
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