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Tag Archives: USD

FX Daily, August 16: Swiss Franc and Yen Remain Heavy as New Distractions Replace DPRK

Swiss Franc The Euro has fallen by 0.11% to 1.1398 CHF. EUR/CHF and USD/CHF, August 16(see more posts on EUR/CHF, USD/CHF, ). FX Rates The Japanese yen and Swiss franc remain heavy as the markets continueto shift away from the geopolitical risks. A return to the macroeconomic agenda is being deterred by new drama from Washington and reports suggesting that ECB’s Draghi will not be discussing the central bank’s...

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FX Daily, August 15: Greenback Firms, Encouraged by Dudley and Ebbing of Tensions

Swiss Franc The Euro has fallen by 0.43% to 1.1397 CHF. EUR/CHF and USD/CHF, August 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates NY Fed President Dudley appears to have stolen any potential thunder in the July FOMC minutes that will be released tomorrow. While we put more emphasis on today’s US retail sales data and the August Fed surveys, many others argued that the...

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FX Daily, August 14: Sigh of Relief Weighs on Yen and Gold, while Lifting Equities and the Dollar

Swiss Franc The Euro has risen by 0.64% to 1.1425 CHF. EUR/CHF and USD/CHF, August 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The lack of new antagonisms over the weekend between the US and North Korea has prompted the markets to react accordingly.  Already before the weekend, we detected some signs that at least some market participants had begun looking past...

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FX Weekly Preview: Synthetic FX View — Macro and Prices

Summary: Economic data due out are unlikely to change macro views. Swiss franc’s price action suggests some return to “normalcy” despite rhetoric remaining elevated. Sterling’s 3.25 cent drop against the dollar looks over.   An escalation of threatening rhetoric by the United States and North Korea emerged as the key driver last week. The US was unable to build on the success it enjoyed at the UN on August 5...

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FX Daily, August 11: Geopolitical Tensions Remain Elevated into the Weekend

Swiss Franc The euro is up by 0.19% to 1.1348 CHF EUR/CHF and USD/CHF, August 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The downward pressure on US yields, with the 10-year slipping to 2.18%, nearly a two-month low, coupled drop in equities helped underpin the Japanese yen. The dollar traded below JPY109 for the first time since the middle of June. The greenback...

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FX Daily, August 10: Tensions Remain Elevated, Dollar Firms

Swiss Franc The euro has depreciated by 0.13%  to 1.1312CHF. EUR/CHF and USD/CHF, August 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The net impact is to lift the US dollar, yen and gold. The geopolitical tensions saw more profit-taking in equities. Debt markets are little changed, but the US Treasuries area a little firmer. We suspect that like yesterday, North...

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FX Daily, August 09: North Korea lets EUR/CHF Collapse

Swiss Franc The euro has depreciated by 1.16%  to 1.1316CHF. EUR/CHF and USD/CHF, August 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is decidedly mixed. The Swiss franc, not the yen is the strongest of the major currencies. It is up nearly 1.1%. If sustained, it could be the biggest single day dollar loss against the franc this year, edging out more than...

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FX Daily, August 08: Trade Featured as Dollar Drifts Lower

Swiss Franc The euro has depreciated by 0.17 to 1.1451 CHF. EUR/CHF and USD/CHF, August 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has a slightly lower bias today, but the against most of the major currencies, it is consolidating within the range set at the end of last week. The main exceptions are sterling and the Canadian dollar. They had extended...

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Great Graphic: Unemployment by Education Level

The US reports the monthly jobs data tomorrow. The unemployment rate stood at 4.4% in June, after finishing last year at 4.7%. At the end of 2015 was 5.0%. Some economists expect the unemployment rate to have slipped to 4.3% in July. Recall that this measure (U-3) of unemployment counts those who do not have a job but are looking for one. There are several other measures, and which one is right depends on what question...

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FX Daily, August 07: Outlaw Mondays

Swiss Franc The Euro has risen by 0.17% to 1.1469 CHF. EUR/CHF and USD/CHF, August 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is narrowly mixed to start the new week. Two main developments stand out. First, the dollar-bloc currencies are trading heavily. The Australian dollar is pushing lower for the fifth consecutive session. The greenback is advancing...

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