Swiss Franc The Euro has fallen by 0.05% at 1.1078 EUR/CHF and USD/CHF, July 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Summer in the northern hemisphere contributing to the subdued activity in the global capital markets. The MSCI Asia Pacific index stalled after a four-day advance, with Japanese, Chinese, and Australian equities offsetting gains in Taiwan,...
Read More »FX Daily, July 15: Marking Time on Monday
Swiss Franc The Euro has fallen by 0.10% at 1.108 EUR/CHF and USD/CHF, July 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The new record highs in US equities ahead of the weekend coupled with Chinese data that suggested the economy was gaining some traction as Q2 wound down is helping underpin risk appetites to start the week. Japanese markets were closed...
Read More »FX Daily, July 12: Greenback Limps into the Weekend
Swiss Franc The Euro has fallen by 0.48% at 1.1086 EUR/CHF and USD/CHF, July 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Higher than expected US CPI and the second tepid reception to a US bond auction this week pushed US yields higher and helped stall the equity momentum. Asia Pacific yields, especially in Australia and New Zealand jumped 8-10 bp in...
Read More »FX Daily, July 11: Powell Spurs Equity and Bond Market Rally, While the Greenback Falls Out of Favor
Swiss Franc The Euro has fallen by 0.06% at 1.1123 EUR/CHF and USD/CHF, July 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Fed’s Powell confirmed a Fed rate cut at the end of this month by warning that uncertainties since the June FOMC had “dimmed the outlook” and that muted price pressures may be more persistent. It ignited an equity and bond market rally...
Read More »FX Daily, July 10: North American Focus: Poloz and Powell
Swiss Franc The Euro has risen by 0.03% at 1.1135 EUR/CHF and USD/CHF, July 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US Treasury market is retreating for the fourth consecutive session ahead of Fed Chairman Powell’s testimony before Congress. It is the longest losing streak in six months, and the 10-year yield has risen 15 bp over the run. This is...
Read More »FX Daily, July 9: No Turn Around Tuesday, as Equities Extend Losses and the Greenback Remains Firm
Swiss Franc The Euro has fallen by 0.13% at 1.1128 EUR/CHF and USD/CHF, July 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equity benchmarks are headed for their third consecutive loss today as caution prevails at the start of Q3 after a strong first half. Ten-year benchmark yields are edging higher after a soft start in Asia. Italian bonds continue to...
Read More »FX Daily, July 8: Macro Monday
Swiss Franc The Euro has risen by 0.05% at 1.1135 EUR/CHF and USD/CHF, July 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets have begun the week in a mixed note. Asia Pacific equities tumbled, led by 2%+ losses in China and South Korea, but European shares are edging higher, and a positive close would be the seventh in the past eight...
Read More »FX Daily, July 05: Dollar is Bid Ahead of Jobs Report
Swiss Franc The Euro has risen by 0.10% at 1.1126 EUR/CHF and USD/CHF, July 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dovish response to news that Lagarde was nominated to replace Draghi was extended by the dismal German factory order report that has pushed the euro to new two-week lows and kept bond yields near record lows. The focus ahead of the...
Read More »FX Daily, July 03: Yields Extend Decline
Swiss Franc The Euro has fallen by 0.05% at 1.112 EUR/CHF and USD/CHF, July 03(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Interest rates are lurching lower. The US 10-year yield is at new two-year lows, but the driver is European bonds where peripheral yields are 6-7 bp lower, though Italy’s benchmark is off 12 bp, while core yields are down 2-3 bp to new...
Read More »FX Daily, July 2: Post-G20 Euphoria Fades, Stuck with Same Reality
Swiss Franc The Euro has risen by 0.17% at 1.1162 EUR/CHF and USD/CHF, July 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The euphoria that greeted the resumption of US-China and US-North Korea talks has subsided. Global equities have turned mixed after yesterday’s surge. Hong Kong played catch-up, and despite ongoing demonstrations, the Hang Seng rallied over...
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