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Tag Archives: U.S. Philadelphia Fed Manufacturing Index

FX Daily, February 15: Stocks Jump, Bonds Dump, and the Dollar Slumps

Swiss Franc The Euro has fallen by 0.24% to 1.1535 CHF. EUR/CHF and USD/CHF, February 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The significant development this week has been the recovery of equities after last week’s neck-breaking drop, while yields have continued to rise. The dollar has taken is cues from the risk-on impulse from the equity market and the...

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FX Daily, January 18: Currencies Consolidate After Chop Fest

Swiss Franc The Euro has fallen by 0.20% to 1.174 CHF. EUR/CHF and USD/CHF, January 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar rallied in the North American afternoon yesterday and the timing coincided with the release of the Fed’s Beige Book that saw several districts report wage and price pressures. The US 10-year yield moved toward toward 2.60%,...

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FX Daily, November 16: Euro Extends Pullback

Swiss Franc The Euro has risen by 0.25% to 1.1679 CHF. EUR/CHF and USD/CHF, November 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After rising to its best level since October 20, the euro reversed direction yesterday and has extended its pullback today. The unexpected tick up in US core CPI and better than expected retail sales may have helped spur the euro losses...

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FX Daily, October 19: Kiwi Drop and Sterling Losses Punctuate Subdued FX Market

Swiss Franc The Euro has fallen by 0.25% to 1.1539 CHF. EUR/CHF and USD/CHF, October 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The 30th anniversary of the 1987 equity market crash the major US benchmarks at record highs. The drop in the market was at least partly a function of the lack of capacity, sufficient instruments, and regulatory regime. Each of these...

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FX Daily, September 21: Market Digests Fed, Greenback Consolidates, Antipodeans Tumble

Swiss Franc The Euro has risen by 0.17% to 1.1477 CHF. EUR/CHF and USD/CHF, September 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The market has mostly interpreted the Fed’s action in line with our thinking. Despite the lowering of the long-run Fed funds rate, the shifting one of the three hikes from 2019 into 2020, and recognizing that the weaker price impulses...

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FX Daily, August 17: Euro Softens on Crosses, Treasuries Stabilize

​ Swiss Franc The Euro has fallen by 0.47% to 1.1306 CHF. EUR/CHF and USD/CHF, August 17(see more posts on EUR/CHF, USD/CHF, ). FX Rates The US dollar had steadied after softening in the North American afternoon yesterday when the dissolution of President Trump’s business councils as a series of executives stepped down. The FOMC minutes added more fuel to the move. The market responded to the minutes by selling the...

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FX Daily, July 20: ECB Game Day

Swiss Franc The euro has appreciated by 0.47% to 1.1051 CHF. EUR/CHF and USD/CHF, July 20(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 the major currencies today. It does not appear to be simply position adjustments ahead of the ECB meeting. Consider that Australia reported strong employment data, and after making new highs,...

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FX Daily, June 15: Dollar Trades Higher in Wake of the FOMC

Swiss Franc The Euro has fallen by 0.21% to 1.0869 CHF. EUR/CHF - Euro Swiss Franc, June 15(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar gains scored yesterday in response to what appeared to be a more hawkish FOMC than expected have been extended today.  The euro and the Swiss franc have recorded new lows for the month. In some ways, a do-nothing MPC meeting may be overshadowed by the...

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FX Daily, May 18: Some Respite from US Politics as Sterling Surges Through $1.30

Swiss Franc EUR/CHF - Euro Swiss Franc, May 18(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Yesterday’s dramatic response to the political maelstrom in Washington is over.  The appointment of a special counsel to head up the FBI’s investigation into Russia’s attempt to influence the US election appears to have acted a circuit breaker of sorts.   It is not sufficient to boost confidence that the Trump...

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FX Daily, April 20: Dollar and Yen Push Lower

Swiss Franc EUR/CHF - Euro Swiss Franc, April 20(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge FX Rates With the exception of the yen, the US dollar is lower against all the major currencies. US Treasury yields are firm, extending yesterday’s rise a little. This may help keep the dollar straddling JPY109, but unwinding long yen cross positions is helping underpin the other major...

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