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Tag Archives: USD

FX Daily, July 13: Risk Appetites Firm, but the Greenback is Mixed

Swiss Franc The Euro has risen by 0.46% to 1.068 EUR/CHF and USD/CHF, July 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities began the week on a firm note in the Asia Pacific region. The Nikkei gained more than 2%, and the profit-taking seen in China ahead of the weekend was a one-day phenomenon. The Shanghai Composite rose 1.8%, and the Shenzhen Composite surged 3.5%. Taiwan and South Korea markets...

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FX Daily, July 10: Surge in Coronavirus Spooks Investors as China Takes Profits

Swiss Franc The Euro has risen by 0.22% to 1.0629 EUR/CHF and USD/CHF, July 10(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Record fatalities in a few US states, coupled with new travel restrictions in Italy and Australia, have given markets a pause ahead of the weekend. News that two state-backed funds in China took profits snapped the eight-day advance in Shanghai at the same time as there is an attempt...

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FX Daily, July 9: The Dollar is Sold through CNY7.0 as Chinese Equities Continue to Rally

Swiss Franc The Euro has fallen by 0.05% to 1.0623 EUR/CHF and USD/CHF, July 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors continue to clamor into risk assets. Led by Chinese shares, the MSCI Asia Pacific Index pushed higher for the third session this week to new five-month highs. Europe’s Dow Jones Stoxx 600 is trying to snap a two-day decline with the help of better than expected revenues for its...

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FX Daily, July 8: Consolidation is the Flavor of the Day

Swiss Franc The Euro has risen by 0.12% to 1.063 EUR/CHF and USD/CHF, July 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500’s longest advance this year was stopped seemingly as concern that the flare-up in the virus will slow the recovery. The sell-off in airlines and hotels helped spur a broader bout of profit-taking. Most Asia Pacific bourses advanced, led by the continued rally in Hong Kong...

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FX Daily, July 07: Fade the Dollar Gains

Swiss Franc The Euro has fallen by 0.10% to 1.064 EUR/CHF and USD/CHF, July 7(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 rallied 1.6% yesterday to extend the streak to a fifth consecutive session, and the longest of the year and completed the negation of a bearish technical pattern. However, the main feature today is a wave of profit-taking on risk assets. Most equity markets moved lower in...

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Cool Video: Dollar, Trade, and China on TDA Network

I began my career as a reporter on the floor of the Chicago Mercantile Exchange, covering the currency futures and short-term interest rate futures for a news wire. Among other things, I learned that often, the locals, people trading with their own money and wits, would take the opposite side of trades of the institutional players. The institutional operators had deeper pockets but were looking to lay-off risk. It was a David vs. Goliath story often. It is,...

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FX Daily, July 6: New Record Number of Covid Cases Doesn’t Curtail Appetite for Risk

Swiss Franc The Euro has risen by 0.07% to 1.064 EUR/CHF and USD/CHF, July 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A new daily high number of contagions globally has been reported, but the risk-appetites have been stoked. Chinese stocks have been on a tear. The Shanghai Composite rallied 5.7% today to bring the five-day advance to 13.6%. Most other regional markets, including Hong Kong, rallied as well...

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FX Daily, July 2: Dollar Thumped Ahead of US Jobs Report

Swiss Franc The Euro has fallen by 0.03% to 1.0636 EUR/CHF and USD/CHF, July 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Market optimism over the possibility of a vaccine in early 2021 overshadowed the continued surge in US cases, where the 50k-a-day threshold of new cases has been breached. Following the NASDAQ close yesterday at record highs, global equities have advanced. Led by Hong Kong returning from...

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July Monthly preview

Many major and emerging central banks took action in June, but outside of possible technical adjustments will continue with the current supportive stance in July. The policy focus will shift back to fiscal initiatives. The highlights will be the EU Summit on July 12, which is considering the EC’s 750 bln euro package of grants and loans, and the US decision regarding the $600 a week extra unemployment insurance (expiring at the end of July) and another large budget...

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FX Daily, July 1: Second Verse Can’t be Worse than the First, Can it?

Swiss Franc The Euro has risen by 0.04% to 1.0641 EUR/CHF and USD/CHF, July 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The resurgence of the contagion in the US has stopped or reversed an estimated 40% of the re-openings, but the appetite for risk has begun the second half on a firm note, helped by manufacturing PMIs that were above preliminary estimates or better than expected. Except for Tokyo and...

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