Tag Archives: USD

United States The first quarter winds down. The dollar moved lower against all the major currencies.  The best performer in the first three months of the year has been the Australian dollar’s whose 5.8% rally includes last week’s 1% drop.  The worst performing major currency has been the Canadian dollar.  It often underperforms in a weak US dollar environment.  It’s almost 0.5.% gain is less than half the appreciation...

Swiss Franc EUR/CHF - Euro Swiss Franc, March 24(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF With just a few days to go before Article 50 is triggered the currency markets are waiting with baited breath for what may happen to the value of the Pound against all major currencies including against the Swiss Franc. Yesterday we saw a brief respite for the Pound vs the Swiss Franc with the release of...

Swiss Franc EUR/CHF - Euro Swiss Franc, March 23(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The gains the US dollar scored last month have been largely unwound against the major currencies. The dollar’s losses against the yen are a bit greater, and it returned to levels not seen late last November. The down draft in the dollar appears part of a larger development in the capital markets that has...

Summary: Pivot still taking place, but without TPP, more militaristic. President Trump seems a little less confrontational toward China. China is unlikely to be cited as a currency manipulator in next month’s Treasury report. The Obama Administration tried restarting US-Russian relations with little success. The inability to secure the European flank weakened the pivot to Asia. The Trans-Pacific Partnership...

Swiss Franc Switzerland Trade Balance, February 2017(see more posts on Switzerland Trade Balance, ) Source: Investing.com - Click to enlarge GBP/CHF The Swiss Franc continues to remain incredibly strong as it maintains its status as a safe haven currency in these uncertain economic times globally. The Swiss National Bank quarterly bulletin is released tomorrow afternoon at 14pm which is produced by the...

Recent developments have given rise to doubts over the divergence theme, which we suggested have shaped the investment climate. There are some at the ECB who suggest rates can rise before the asset purchases end. The Bank of England left rates on hold, but it was a hawkish hold, as there was a dissent in favor of an immediate rate hike, and the rest of the Monetary Policy Committee showed that their patience with both...

Summary: Nearly half of OPEC’s intended cuts are being offset by an increase in US output. The contango rewards the accumulation of inventories. The drop in oil prices probably weighs more on European reflation story than the US. Oil prices are lower for the seventh consecutive session.   Light sweet crude prices had fallen 10.3% over the past two weeks, and with today’s losses are off another 1.6% already...

Swiss Franc EUR/CHF - Euro Swiss Franc, March 17(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Article 50 – Invocation Imminent With the House of Commons voting against amendments to the brexit bill, it was passed to the Queen for approval which was really a formality, more a mark of respect to a bygone age. Article 50 is now ready to be invoked at anytime. It is anticipated to be next week. I am of...

Swiss Franc EUR/CHF - Euro Swiss Franc, March 16(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge GBP/CHF Sterling vs the Swiss Franc has fallen again as the US Federal Reserve have raised interest rates last night. This has seen the Pound fall against most major currencies and the safe haven status of the Swiss Franc has once again helped to improve CHF/GBP rates We now also have the news...

Swiss Franc Switzerland Producer Price Index (PPI) YoY, February 2017(see more posts on Switzerland Producer Price Index, ) Source: Investing.com - Click to enlarge GBP/CHF Today is crucial for Swiss Franc exchange rates with a number of economic releases and political events happening around the world which are likely to have a direct bearing on the direction of the Swiss Franc. The US Federal Reserve...