Tag Archives: USDJPY

Swiss Franc vs USD and EUR The Swiss Franc entered the second week of stronger losses. While the euro gained 4% last week, the dollar appreciated against the Swiss Franc by 2% during this week. The euro could add another percent in the last days. The EUR/CHF reached 1.1521 after the strong US job figures. Finally, however the euro fell to 1.1451 for two reasons: Profit taking at the end of the week and secondly that...

Swiss Franc vs USD and EUR The Swiss franc was the only major foreign currency that fell against the dollar last week. The 2.6% decline was the largest in two years. Stops triggered in the euro-franc cross, reports of direct investment-related franc sales for yen, and conviction that the SNB will lag behind the other central banks is thought to be behind the move. The dollar high in June was near CHF0.9785, and the...

Summary: Little new in FOMC statement. Seems consistent with a Sept announcement to begin reducing the balance sheet in Oct. USD sold off as if reflecting sentiment held in bay until the statement was out of the way. The FOMC statement reads very much like the June statement. There were some minor tweaks in the first paragraph that discusses the broad economic performance since the last FOMC statement. There...

Swiss Franc vs USD and EUR Both Swiss Franc and Euro were moving upwards against the dollar. So CHF gained 3% versus the dollar in the last month. The Euro is the strongest currency. CHF lost around 1.3% against the Euro. EUR/CHF and USD/CHF, July 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted...

Swiss Franc vs USD and EUR The Euro remained the strongest among EUR, CHF and USD during the last month. The Swiss lost against EUR 1.5%, while it gained versus the dollar 0.75%. EUR/CHF and USD/CHF, July 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency...

Swiss Franc vs USD and EUR The US Dollar has lost 4% against the franc since the beginning of May, while the euro is down only 1%. Most important events in this week were the ECB meeting and the UK elections. The inability of the Tory Party to secure a parliamentary majority spurred a sharp decline in sterling. EUR/CHF and USD/CHF, June 10(see more posts on EUR/CHF, USD/CHF, )The picture shows that FX traders went...

Swiss Franc vs USD and EUR While the Euro traded in the range between 1.08 and 1.09, the dollar declined by nearly 3%. Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency basket)On a three years interval, the Swiss Franc had a weak performance. The dollar index was far stronger. The dollar makes up 33% of the SNB portfolio and 25% of Swiss...

Summary: No impact from the latest North Korean missile test. Polls suggest Tories still ahead for the June 8 election. Prospects of an Italian election this year weighed on Italian stocks and bonds. The markets of the world’s two largest economies, the US and China were closed on Monday, May 29.    As one would expect, capital markets were mostly quiet. Even the launch of another ballistic missile test by...

Swiss Franc vs USD and EUR The Federal Reserve is on track to hike rates in the middle of June. It will be the third hike since the November election. In addition to keeping the door open to another hike this year, the Federal Reserve has signaled its intention to begin, however slowly, the reduction of its balance sheet. In the meantime, regardless of potential changes in its risk assessment, the ECB is unlikely to...

Swiss Franc vs USD and EUR The Swiss Franc recovered a lot of the losses that came with the French elections. That political event was mostly driven by speculators that will close their positions. We expected the EUR to trade around 1.07 to 1.0750 CHF in some time. What exactly is this “some time” remains open, but is at the latest in early 2018. Many, like Thomas Flury, currency strategist at UBS, think that the...