Tag Archives: USD

Swiss Franc The Euro has risen by 0.11% to 1.1962 CHF. EUR/CHF and USD/CHF, April 18(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 major and most emerging market currencies. Sterling, which has become a market darling, hit an air pocket after softer than expected CPI. Sterling had reached its highest level since the 2016...

Swiss Franc The Euro has risen by 0.29% to 1.1914 CHF. EUR/CHF and USD/CHF, April 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After the retreating in the North American session yesterday, despite a rebound in retail sales after three-months of declines, the greenback has been sold further in Europe and Asia. The euro edged through last week’s high near $1.24, and...

Swiss Franc The Euro has risen by 0.06% to 1.187 CHF. EUR/CHF and USD/CHF, April 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Syrian strike over the weekend, and the official indication that “mission accomplished” and that was a limited one-off strike has spurred little market reaction. There is one more loose end, as it were, and that is that the US has...

The weekend strike by the US, British and French forces against Syria appear to have been conducted in ways that minimize the risks of escalation by Russia. The limited nature of the strike and objectives suggest that the impact on the constellation of forces in Syria will be minimal. There is unlikely to be much of an impact in the global capital markets, though thin markets in early Asia could see a knee-jerk effect....

Summary: USD has been carving out a head and shoulders pattern against the Canadian dollar. The neckline was retested yesterday and the follow-through selling materialized today after an outside down day yesterday. The measuring objective is near CAD1.2475. For a little more than two weeks, we have been monitoring the formation of a possible head and shoulders top in the US dollar against the Canadian dollar....

Swiss Franc The Euro has fallen by 0.03% to 1.1858 CHF. EUR/CHf and USD/CHF, April 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates It had looked to many investors that world was headed for a trade war and an escalating risk war in Syria. But now it seems less clear. US President Trump’s rhetoric on trade took a more constructive tone, and a divided Administration...

Swiss Franc The Euro has risen by 0.20% to 1.1846 CHF. EUR/CHF and USD/CHF, April 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Between Syria, trade tensions, and the US special investigator into Russia’s attempt to influence the US election, market participants are cautious as they wait for another shoe to drop. The US equity market recovery yesterday has short...

At the end of every quarter, the IMF publishes the most authoritative reserve data with a three-month lag. On Good Friday, the IMF published Q4 17 reserve holdings. A recent article on Bloomberg played up an economist’s forecast that euro reserves would increase by $500 bln over the next couple of years. A review of the reserve data may help us evaluate such a claim, which if true, could have important implications for...

Swiss Franc The Euro has risen by 0.25% to 1.1807 CHF. EUR/CHF and USD/CHF, April 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates It did not look so good. The S&P 500 fell about 1.65% in the last couple hours of trading yesterday paring its gains. Press reports indicated that President Trump’s lawyer’s office, house and hotel were the subject of search warrants. A...

The US jobs growth slowed in March more than expected, but the details of the report suggest investors and policymakers will look through it. The poor weather seemed to have played a role. Construction jobs fell (15k) for the first time since last July, and the hours worked by production employees and non-supervisory worker slipped. United States The 103k net new jobs were the least since last September when storms...