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Tag Archives: USD

FX Daily, June 22: Dollar Begins Week on Back Foot

Swiss Franc The Euro has risen by 0.12% to 1.0664 EUR/CHF and USD/CHF, June 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors begin the new week, perhaps slowed a bit by the weekend developments and the growth of new infections. Equities are mixed. The MSCI Asia Pacific Index snapped a four-day advance, though India bucked the regional trend and gained 1%. Europe’s Dow Jones Stoxx 600 is recovering...

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FX Daily, June 17: Correction Phase does not Appear Over

Swiss Franc The Euro has fallen by 0.48% to 1.066 EUR/CHF and USD/CHF, June 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors have not yet completely shaken off the angst that saw equities slide last week. All equity markets in the Asia Pacific region, but Japan, edged higher today, including China, India, and South Korea, where political/military tensions are elevated. Europe followed suit, and the...

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FX Daily, June 16: Correction Scenario Tested

Swiss Franc The Euro has fallen by 0.39% to 1.0704 EUR/CHF and USD/CHF, June 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Shortly after the US stock market opened sharply lower, the Federal Reserve announced that it’s Main Street facility was up and running. US stocks never looked back. After the S&P 500 recouped its full decline, the Fed announced it would begin buying corporate bonds. Up until now,...

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FX Daily, June 15: Unwind Continues

Swiss Franc The Euro has fallen by 0.19% to 1.0688 EUR/CHF and USD/CHF, June 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The swing in the pendulum of market sentiment toward fear from greed began last week and has carried over into today’s activity. Global equities are getting mauled. In the Asia Pacific region, no market was spared as the Nikkei’s 3.5% drop, and South Korea’s 4.7% fall led the way. In...

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FX Daily, June 12: Licking Yesterday’s Wounds Today

Swiss Franc The Euro has risen by 0.32% to 1.0698 EUR/CHF and USD/CHF, June 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The nearly three-month rally in risk assets ended with high drama with a stomach-churning almost 6% slide in the S&P 500 yesterday. Follow-through selling was seen in the Asia Pacific region, but most markets recovered from their lows, and although losses were still recorded, the...

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FX Daily, June 11: Are Risk Appetites Satiated, or Simply Taking the Day Off?

Swiss Franc The Euro has fallen by 0.28% to 1.0707 EUR/CHF and USD/CHF, June 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Many observers are attributing the sell-off in risk assets today to the Federal Reserve’s pessimistic outlook, yet, as we note below, the Fed’s median GDP forecast this year is better than many international agency forecasts, including the OECD’s that was issued yesterday. Moreover,...

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FX Daily, June 10: Corrective Forces Still Seem in Control Ahead of the FOMC Outcome

Swiss Franc The Euro has fallen by 0.31% to 1.0743 EUR/CHF and USD/CHF, June 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The pullback ins US shares yesterday has not derailed the global advance. Japanese and Chinese markets were mixed, the Hang Seng slipped, and Indonesia was hit with profit-taking, but the MSCI Asia Pacific Index eked out a small gain. It has fallen once past two and a half weeks. The...

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FX Daily, June 9: Profit-Taking Gives Turn Around Tuesday Its Name

Swiss Franc The Euro has fallen by 0.23% to 1.0788 EUR/CHF and USD/CHF, June 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 turning higher on the year was the last straw before an arguably overdue bout of profit-taking kicked-in and is the dominant feature today in the capital markets. It began slowly in the Asia Pacific region. Equities were mixed, and Australia’s 2.4% rally and the 1.6% gain...

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FX Daily, June 8: Monday Blues: Consolidation Threatened

Swiss Franc The Euro has fallen by 0.28% to 1.0831 EUR/CHF and USD/CHF, June 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The MSCI Asia Pacific Index rose for a sixth consecutive session. Japan, Taiwan, Singapore, and Indonesian markets advanced more than 1%. European bourses are mixed, with the peripheral shares doing better than the core, leaving the Dow Jones Stoxx 600 about 0.5% lower near midday after...

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FX Daily, June 5: Greenback Remains Soft Ahead of Employment Report, but Reversal Possible

Swiss Franc The Euro has risen by 0.64% to 1.0898 . FX Rates Overview: The modest loss in the S&P 500 and NASDAQ yesterday did not signal the end of the bull run. All the markets in the Asia Pacific region rallied, with the Hang Seng among the strongest with a 1.6% advance that brought the week’s gain to around 7.8%. South Korea’s Kospi was not far behind with a weekly gain of 7.5%. In the past two weeks, the MSCI Asia Pacific Index is up nearly 10%.  European...

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