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Tag Archives: U.S. ISM Non-Manufacturing PMI

FX Daily, October 05: Euro Remains Firm Despite Dubious Tapering Story

Swiss Franc EUR/CHF - Euro Swiss Franc, October 05 2016. Federal Reserve While the markets can be an incredibly efficient discounting mechanism, it sometimes is also an echo chamber. What began off as a Bloomberg report indicated that there was an agreement at the ECB that when it decided to end its asset purchases, it would gradually taper back rather than come to a fast stop, by the end of the day, it had...

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FX Daily, August 03: Consolidation Featured

Swiss Franc Click to enlarge. FX Rates The US dollar is consolidating yesterday’s losses.  The greenback’s upticks have thus far been shallow and unimpressive, except perhaps against the New Zealand dollar, which is off 0.8% ahead of next week’s RBNZ meeting.  Softer than expected labor cost increase reinforces the conviction that a 25 bp rate cut will be delivered next week. The asset markets are more...

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